HZ News

Stay up to date on news about HZ and our markets.

HZ News

April 5, 2022

Multifamily Sponsors Target Lucrative RIA Channel to Raise Capital

Kurt Houtkooper, HZ’s CEO, was recently featured in an article for WealthManagement.com about HZ’s work with Registered Investment Advisors and how it has changed the way we raise equity. 

See the full article here, and see below for a short excerpt.


One of those sponsors is Hamilton Zanze (HZ), a San Francisco-based real estate investment company that has more than 20 years of experience acquiring and operating multifamily assets across the United States. Since its founding in 2001, the firm has acquired roughly $5.3 billion in multifamily assets and currently owns and operates 132 properties across 17 states.

“Earning the trust of anyone who is a sphere of influence can be very impactful for firms looking to raise capital,” says HZ’s CEO Kurt Houtkooper. “It amplifies our reach to people we may not have met otherwise.”



March 23, 2022

‎Podcast: Dwellyn Show – Financial Freedom Through Real Estate Investing

HZ’s Founding Principal, Mark Hamilton, joined the Dwellyn Show to discuss his background, how Hamilton Zanze has grown, and his experience in the Bay Area.

Check out the full episode below or on Spotify.



February 23, 2022

‎Podcast: Ritter on Real Estate with Mark Hamilton

HZ’s Principal & CEO, Mark Hamilton, joined the Ritter on Real Estate podcast to discuss his background, how Hamilton Zanze came to be, and the ins and outs of the multifamily real estate investment industry from the eyes of someone with 20+ years of experience.

Check out the full episode below or on Spotify.



January 4, 2022

In a Post-Pandemic Economy, Needs-Based Real Estate Sectors are More Appealing Than Ever

Toby Costello, a member of the private equity team at Hamilton Zanze, recently authored an article for Wealth Management Real Estate about real estate in a post-pandemic economy. 

See the full article here, and see below for a short excerpt.


Let’s start with the obvious: the world looks different than it did 24 months ago and investor’s assumptions have been severely tested. As we begin to navigate an inflationary period on the heels of the pandemic, investors willing to adapt can capitalize on this new world, though.

It is helpful to understand what has transpired and where we are now. Remote work and school have made our population more “home-centric.” Investors have fewer viable options than before as there has been a flight to quality and a narrowing of acceptable risk tolerance. Consumers are experiencing inflationary pressure due to a perfect storm of supply chain issues, economic stimulus, quantitative easing and general uncertainty. And finally, tax efficient investment strategies are under attack.

Despite all of that, there are still bright spots, namely in the private real estate investment world.



December 22, 2021

Hamilton Zanze Sells Multifamily Community in Houston Metro

HOUSTONDec. 22, 2021San Francisco-based real estate investment firm Hamilton Zanze is pleased to announce the sale of Ravinia Apartments in the desirable Spring/Tomball submarket of Houston, Texas. The firm purchased the property in 2015 and the sale closed on December 16, 2021.

During their ownership, Hamilton Zanze completed numerous exterior improvements and landscaping improvements, and renovated unit interiors and amenities to improve leasing efforts and increase rental rates.

“The Ravinia investment demonstrates Hamilton Zanze’s strategy of identifying investment opportunities in markets like Houston and increasing the value through unit renovations, property upgrades, and improving management,” said Anthony Ly, director of dispositions at Hamilton Zanze.

Ravinia was built in 200 and is located at 2400 Spring Rain Drive in Spring, Texas. The property comprises 232 one-, two-, and three-bedroom units averaging 909 square feet. The community is pet-friendly and has a resort-style pool and spa, 24-hour fitness center, entertainment room with billiards table, picnic area with barbecues, covered parking, and a dog park.

Ravinia is in the Spring/Tomball submarket of the Houston metro area. The community is near Interstate 45 and the George Bush Intercontinental Airport, which provides nonstop flights to domestic and international destinations. The property is less than a 30-minute drive (21.4 miles) from Downtown Houston, which is abundant with entertainment options for residents and visitors. The Houston metro area is the largest economic and cultural center of the American South. The local Spring economy is supported by energy, technology, financial/professional services, and health care industries.

_____________________________________________________________________________________________ 

ABOUT HAMILTON ZANZE
Hamilton Zanze (HZ) is a private, San Francisco-based real estate investment company that owns and operates apartment communities. Since its founding in 2001, Hamilton Zanze has acquired over $5.3 billion in multifamily assets primarily in the Western, Southwestern, and Eastern U.S. The company currently owns and operates 132 across 17 states. For additional information, visit www.hamiltonzanze.com.



December 20, 2021

Hamilton Zanze Acquires Eighth Multifamily Community in Tennessee

CHATTANOOGA, Tenn., Dec. 20, 2021 — San Francisco-based real estate firm Hamilton Zanze (HZ) has acquired the 190-unit 5 Points Northshore Apartments in Chattanooga, Tennessee. The Kirkland Company represented the seller on this transaction. This represents HZ’s eighth acquisition in Tennessee.

The property, built in 2019, is located just north of Downtown Chattanooga, which is situated at the bend in the Tennessee River at the Juncture of Tennessee, Georgia, and Alabama.

“5 Points Northshore presented a great opportunity to buy a Class A asset in Chattanooga, Tennessee” said David Nelson, Hamilton Zanze’s chief transactions officer. “The property features a top-of-the-line amenity package, a prime location within walking distance to many attractions, and offers residents the quality of life provided by the city’s energetic core. As this is our second acquisition in Chattanooga, we’re very excited to continue to watch the region’s growth.”

The community is located at 328 Cherokee Blvd in the desirable North Chattanooga submarket, approximately 5-minute drive or 2.5 miles from Downtown Chattanooga. The 190 residential units average 826 square feet with 37 different floor plans. Community amenities include an outdoor lounge and kitchen, resort-style pool, pet spa and park and a clubroom with billiards tables and TVs. Unit amenities include gourmet kitchens, in-unit washers and dryers, private balconies and patios, walk-in closets, and tile bathrooms.

HZ’s capital improvements will include site improvements, building repairs, amenity enhancements, and mechanical, electrical, and plumbing updates. Management of the property has also been transitioned to HZ affiliate Mission Rock Residential, a Denver-based company.

_____________________________________________________________________________________________ 

ABOUT HAMILTON ZANZE REAL ESTATE INVESTMENTS
Hamilton Zanze (HZ) is a private, San Francisco-based real estate investment company that owns and operates apartment communities. Since its founding in 2001, Hamilton Zanze has acquired over $5.3 billion in multifamily assets primarily in the Western, Southwestern, and Eastern U.S. The company currently owns and operates more than 150 properties across 16 states and 29 market areas. For additional information, visit www.hamiltonzanze.com.



December 20, 2021

Hamilton Zanze, Graham Street Realty & Davidson Kemper Acquire 60-Property Portfolio in Northern California

SAN FRANCISCO, Dec. 16, 2021 – Hamilton Zanze (HZ) & Graham Street Realty (GSR), two affiliated Bay-Area-based national real estate investment firms and Davidson Kempner Capital Management (Davidson Kempner), a New York-based investment management firm, have closed on the acquisition of a 60-property portfolio spread across Marin and Sonoma counties in California. The properties comprise more than 1.4 million square feet of commercial and multifamily space and were acquired for a total purchase price of $436.5 million.

The diverse portfolio’s acquisition closed on December 15th. It was transacted through the Federal Bankruptcy Court, where the properties have been held since late 2020. The group was named the winning bidder after the court’s open bidding process was held in September.

Due to the firms’ expertise in the ownership and successful management of both multifamily (HZ) and commercial real estate (GSR), the group was uniquely positioned to absorb the large, multi-faceted portfolio amongst competing bidders. The properties range in size from 3,500 square feet up to 85,000 square feet, encompassing a total of 935 residential units and approximately 680,000 square feet of commercial space.

“We are enthusiastic about the opportunity to bring these properties into our portfolios and deliver successful investment results for our investing partners,” said David Messing, Managing Principal of Graham Street Realty. Ashlee Cabeal, Chief Financial Officer of Hamilton Zanze added, “We look forward to investing over $50 million of capital into these properties, which are located in our own communities.” Many HZ employees and executives live in Marin County, and most of the multifamily assets represent critical workforce housing, which will receive over half of the projected capital investment to provide safe and appealing housing to households of all income levels.

The operation of the 60 properties will be split between affiliated property management firms Mission Rock Residential, overseeing the multifamily assets, and Paramount Property Company, managing the commercial office buildings. The properties were previously owned by Professional Financial Investors.

The Hamilton Zanze team’s personal and professional roots have been based in the Northern California real estate community, with principals Mark Hamilton, Tony Zanze and Kurt Houtkooperall beginning their real estate careers in the region more than 30 years ago. Throughout the firm’s growth and expansion across the country, the Bay Area has remained the organization’s headquarters since it was established in 2001.

“Closing out Hamilton Zanze’s 20th year in operation with this exciting acquisition right here in our hometown has been momentous for us,” said Kurt Houtkooper, the company’s Chief Investment Officer and President. “We started here and have grown here, and we are looking forward to the immediate growth opportunity the addition of this portfolio will bring to our teams’ collective work in the Western region.”

In a time where many organizations have reengaged with their local marketplaces as a result of the COVID-19 pandemic, HZ and GSR anticipate this portfolio acquisition will provide a strengthening of their local presence in the Bay Area. GSR already owned 5 commercial office properties in the Bay Area before the closing of this transaction, and further HZ investment is strategically planned in the region in the years to come as well.

A complete list of property addresses is available upon request.

_____________________________________________________________________________________________ 

ABOUT HAMILTON ZANZE REAL ESTATE INVESTMENTS
Hamilton Zanze (HZ) is a private, San Francisco-based real estate investment company that owns and operates apartment communities. Since its founding in 2001, Hamilton Zanze has acquired over $5.3 billion in multifamily assets primarily in the Western, Southwestern, and Eastern U.S. The company currently owns and operates more than 150 properties across 16 states and 29 market areas. For additional information, visit www.hamiltonzanze.com.

ABOUT GRAHAM STREET REALTY
Graham Street Realty (GSR) is a San Francisco-based commercial real estate investment firm founded in 2007. Since that time, GSR has purchased over $275 million in assets. As of Q3 2020, GSR currently owns and operates 14 properties in three states. Since its founding, the firm’s focus has been on value-add investment in the multi-tenant building market. To learn more, visit www.grahamstreetrealty.com.

ABOUT DAVIDSON KEMPNER CAPITAL MANAGEMENT
Davidson Kempner Capital Management (Davidson Kempner) is a U.S.-registered global institutional investment management firm with more than 38 years of experience and a focus on fundamental investing with a multi-strategy approach. Davidson Kempner has more than $38 billion in assets under management with over 400 professionals in six offices, including New York, Philadelphia, London, Dublin, Hong Kong and Shenzhen. For additional information, visit www.davidsonkempner.com.

ABOUT MISSION ROCK RESIDENTIAL
Mission Rock Residential was established in 2012. The company now manages 123 multi-family properties and approximately 29,000 residential units across the United States. With a team of more than 700 full time Team Members, the company is headquartered in Denver, Colorado with regional offices in Phoenix and Atlanta. The company was also named one of the Best Places to Work by the National Apartment Association in 2021. For additional information, visit www.missionrockresidential.com.

ABOUT PARAMOUNT PROPERTY COMPANY
Paramount Property Company (PPC) is an independent commercial property management company locally based and operated in the San Francisco Bay Area. Their mission is focused on maximizing return on investment for commercial real estate owners while delivering the highest quality of care and service to property tenants and their team members. For additional information, visit www.paramountpropertycompany.com. 



December 1, 2021

Hamilton Zanze Acquires Two Multifamily Communities in Maryland

WASHINGTON, Dec. 1, 2021 — San Francisco-based real estate firm Hamilton Zanze (HZ) has acquired two apartment communities in Upper Marlboro, Maryland, the Village of Churchills Choice and Hunters Glen. Both sellers were represented by broker Robert Garrish with Newmark. HZ now owns and operates 11 residential apartment communities in the D.C. metro area.

“The acquisitions of Village of Churchills Choice and Hunters Glen will help HZ expand its presence in the Washington D.C. metro and enter a new submarket of Upper Marlboro,” said David Nelson, Hamilton Zanze’s chief transactions officer. “We are excited about our continued growth in Maryland and the prospect of providing quality housing to the local tenant base.”

Village of Churchills Choice and Hunters Glen are located 20 miles from Downtown Washington D.C. The properties are strategically located near Interstate 495, providing residents easy access to Downtown Washington D.C., Downtown Baltimore, and other major employment centers within a reasonable commuting distance.

Built in 2000, Village of Churchills Choice features 192 residential units, and was 95% occupied at the time of purchase. Hunters Glen was built in 1992, offers 154 units, and was also 95% occupied as of the date of purchase. Both properties are garden-style communities with swimming pools, outdoor grilling and picnic areas, and 24-hour fitness centers. Spacious units feature washers and dryers, walk-in closets, and private patios and balconies.

HZ’s capital improvements for the properties include exterior maintenance and improvements, landscaping, improvements to community amenities, and interior unit renovations. All property management responsibilities have been transitioned to HZ affiliate Mission Rock Residential, a Denver-based company.

The Washington D.C. metro benefits from a well-established economy driven by a young, educated workforce and is home to 17 Fortune 500 companies, including Fannie Mae, Freddie Mac, Capital One, and Lockheed Martin. In 2018, Amazon announced plans for a new corporate headquarters known as HQ2 in Crystal City, Arlington, VA (20 miles or 30-minute drive from the Properties). The State of Maryland reported that construction of HQ2 will support 25,000 additional jobs, more than $1.7 billion in employee compensation, and more than $4.3 billion in net new economic activity.

_____________________________________________________________________________________________ 

ABOUT HAMILTON ZANZE
Hamilton Zanze (HZ) is a private, San Francisco-based real estate investment company that owns and operates apartment communities. Since its founding in 2001, Hamilton Zanze has acquired over $5.3 billion in multifamily assets primarily in the Western, Southwestern, and Eastern U.S. The company currently owns and operates 94 properties (22,898 units) across 16 states and 28 markets. For additional information, visit www.hamiltonzanze.com.



November 22, 2021

‎Podcast: Discussing Market Trends 2022 and Future of 1031 Exchanges

HZ’s Founder & CEO, Mark Hamilton, joined the Creating Wealth Through Passive Apartment Investing podcast to discuss the 2022 multifamily market and the future of the 1031 exchange. Mark discusses the secret sauce for wise investments, tips and tricks for finding the hot markets, practices to build up a strong and robust team, and the upside and downside of third-party managers.

Check out the full episode below or on Spotify.



November 22, 2021

Hamilton Zanze Sells Salado Springs in San Antonio

SAN ANTONIO, Texas. – November 22, 2021 – San Francisco-based real estate investment firm Hamilton Zanze is pleased to announce the sale of Salado Springs Apartments in the desirable Airport Area submarket of San Antonio, Texas. The firm purchased the property in 2015 and the sale closed on November 18, 2021.

During their ownership, Hamilton Zanze completed numerous exterior improvements and landscaping improvements, and renovated units with new flooring, appliances, hardware, and paint to improve leasing efforts and increase rental rates.

“San Antonio is the second largest city not only in Texas but the Southern U.S. It has seen strong growth with a growing preference for apartment living,” said Anthony Ly, director of dispositions at Hamilton Zanze. “The sale of Salado Springs is a result of successful capital improvement programs and strong management of the property.”

Salado Springs was built in 1997 and is located at 12727 Vista Del Norte in San Antonio. The property comprises 352 one-, two-, and three-bedroom units averaging 856 square feet. The community is pet-friendly and has a resort-style pool and spa, 24-hour fitness center, movie theater, picnic area with barbecues, covered parking, and a dog park.

Salado Springs is in the Airport Area submarket of the San Antonio metro area. The community is near Interstate 410, Interstate 10, and the San Antonio International Airport, which provides nonstop flights to domestic and international destinations. The property is less than a 25-minute drive from The San Antonio River Walk, one of San Antonio’s top tourist attraction. The area around Salado Springs is home to a cluster of San Antonio’s most well-established and upscale communities. San Antonio benefits from stable employment growth from the healthcare industry, military, and aerospace manufacturing.

_____________________________________________________________________________________________ 

ABOUT HAMILTON ZANZE
Hamilton Zanze (HZ) is a private, San Francisco-based real estate investment company that owns and operates apartment communities. Since its founding in 2001, Hamilton Zanze has acquired over $5.3 billion in multifamily assets primarily in the Western, Southwestern, and Eastern U.S. The company currently owns and operates 99 properties (21,995 units) across 15 states and 28 markets. For additional information, visit www.hamiltonzanze.com.