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HZ News

February 10, 2020

Hamilton Zanze Sells Maybeck at the Bend Apartments in Oregon

PORTLAND, OR – February 10, 2020 – San Francisco-based real estate investment firm Hamilton Zanze is pleased to announce the sale of Maybeck at the Bend in Tigard, OR. The firm purchased the property in 2014 and executed significant value-add opportunities to reposition the 1998-vintage community with contemporary amenities and interiors to remain competitive in Portland’s amenity-rich multifamily market. Hamilton Zanze owned the property for six years, and the sale closed on February 6, 2020, marking the firm’s first disposition of the year.

Maybeck at the Bend was built in 1998 and is located at 13830 SW Chinn Lane. The property comprises 120 units across 10 residential buildings. Maybeck at the Bend’s one-, two-, and three-bedroom units average 843 square feet for a total of 101,190 rentable square feet. The property also features a clubhouse/leasing center, fitness center, outdoor pool, 24/7 package lockers, and bike storage.

“When we purchased Maybeck at the Bend, we saw a classic value-add opportunity,” said Anthony Ly, director at Hamilton Zanze. “We are thrilled with our execution of capital improvements, unit renovations and a rebrand of the property. This is a great outcome for our investors. Ira Virden and the rest of the Portland JLL team did a tremendous job on the marketing of this deal.”

During their ownership, the company improved the clubhouse and leasing office and upgraded unit interiors. Alongside the property’s physical improvements, Maybeck at the Bend was rebranded from Beef Bend Court in 2016.

Maybeck is located in Portland’s Tigard submarket, where rent growth has been robust due to strong demand as a result of the submarket’s affordability, lack of new construction, and its proximity to the market’s major economic drivers. Nike and Intel, two of Oregon’s largest employers, are situated within the submarket just 25 minutes north of the property. Additionally, Portland’s vibrant food and art culture continues to attract millennials seeking the quality of life that the Pacific Northwest provides.

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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 $4.4 billion in multifamily assets primarily in the Western, Southwestern, and Eastern U.S. The company currently owns and operates 85 properties (20,800 units) across 15 states. For additional information, visit www.hamiltonzanze.com



February 4, 2020

Hamilton Zanze Makes 4th Nashville Purchase

Hamilton Zanze’s acquisition of Springfield Apartments was recently featured in Multi-Housing News:

Hamilton Zanze has expanded its Nashville, Tenn., holdings, making its first multifamily acquisition in the region for 2020. The purchase of the 270-unit Springfield Apartments in Murfreesboro, Tenn., is the fourth property the company owns and operates in the Nashville market.

Hamilton Zanze entered the Nashville market in April 2019 with two purchases—the 326-unit 864 Bellevue and 150-unit Post Ridge Apartments. Hamilton Zanze and Cantor Fitzgerald purchased 865 Bellevue together from Aimco. Hamilton Zanze teamed with two private investors to purchase Post Ridge Apartments, also from Aimco.

Read the full article at Multi-Housing News, and see more coverage at ReBusiness Online, and Yahoo Finance.



January 24, 2020

Multifamily Investor Hamilton Zanze Acquires Nashville Metro Apartments

Nashville, TN. – January 24, 2020 – San Francisco-based real estate firm Hamilton Zanze (HZ) has acquired Springfield Apartments in Murfreesboro, Tennessee in the Nashville metro area. The transaction closed on January 16th and was the firm’s second acquisition of the year.

The 16-building apartment community, located at 3726 Manson Pike, features units averaging 1,013 square feet with amenities including smart home technology, private balconies, and extra-large closets. Community amenities include a dog park, gaming, saltwater pool, hammock garden, and pub.

“Springfield Apartments provided an excellent opportunity to buy a brand-new property in a great submarket,” said David Nelson, managing director of acquisitions for Hamilton Zanze. “We are confident that the property’s contemporary vintage, amenity package, and prime location in Murfreesboro will provide our residents with the quality of life offered in Nashville’s urban core. We are excited about our continued growth in the region.”

Built in 2018, the 270-unit property was a 97% occupied at the time of purchase. HZ plans to invest in  environmentally friendly upgrades, and property management responsibilities have been transferred to the Denver-based affiliate company Mission Rock Residential.

With this latest acquisition, Hamilton Zanze now owns and operates four properties in the Nashville-Davidson-Murfreesboro market, including Rivertop Apartments, Post Ridge Apartments, and 865 Bellevue. The property is located 30 miles from Downtown Nashville, which is home to numerous music venues, the State Capitol, options for nightlife, major employers, and professional sports venues. The famed Honky Tonk Highway is located in Downtown Nashville and features a row of restaurants and live music venues every night.

To learn more about Springfield Apartments, please visit https://www.missionrockresidential.com/apartments/tn/murfreesboro/springfield/

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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 $4.3 billion in multifamily assets primarily in the Western, Southwestern, and Eastern U.S. The company currently owns and operates 83 properties (19,958 units) across 15 states. For additional information, visit www.hamiltonzanze.com



January 22, 2020

Colliers Negotiates $36.5M Sale of Village at Desert Lakes Multifamily Property in Las Vegas

Hamilton Zanze was recently featured in RE Business Online for their recent acquisition of Rivertop Apartments.

Read the full article at Re Business Online.



January 22, 2020

Investor Hamilton Zanze Acquires Two Apartment Communities in Columbia, Maryland

Hamilton Zanze’s acquisition of Timbers at Long Reach and Chimneys of Cradlerock was recently featured in Herald Mail Media:

San Francisco-based real estate firm Hamilton Zanze (HZ) has acquired two apartment communities in Columbia, Maryland, including the Timbers at Long Reach apartments and the Chimneys of Cradlerock. The deal closed on December 31st with seller Aimco. HZ now owns and operates six residential apartment communities in the D.C. metro.

The Timbers at Long Reach is strategically located near Interstate 95, providing residents easy access to Downtown Baltimore, Downtown Washington D.C., and other major employment centers. The Chimneys at Cradlerock similarly offers tremendous transit access with metro lines adjacent to the property and close proximity to the Columbia Pike (U.S. Route 29) and Maryland Route 32 thoroughfares.

Read the full article at Herald Mail Media, and see more coverage at Globe St., and Connect Washington D.C..



January 22, 2020

Hamilton Zanze Acquires Oasis at Montclair Apartments in Washington D.C. Metro

Hamilton Zanze’s acquisition of Oasis at Montclair was recently featured in PR Newswire:

San Francisco-based real estate investment firm Hamilton Zanze (HZ) has acquired the Oasis at Montclair Apartments in Dumfries, VA (Washington D.C. metropolitan area). The purchase closed on November 5th.

The 244-unit, Class A community was built in 2014 along Interstate 95 and offers easy access to Washington D.C., Downtown Richmond, and Northern Virginia. The metro economy is anchored by the federal government and is among one of the nation’s most stable regions.

Read the full article at PR Newswire, and see more coverage at CoStar, and Commercial Property Executive.



January 22, 2020

Multifamily Investor Hamilton Zanze Acquires St. Louis’ Tribeca Apartments

Hamilton Zanze’s acquisition of Tribeca Apartments was recently featured in Multifamily Biz:

San Francisco-based real estate firm Hamilton Zanze (HZ) partnered with an affiliate of Cantor Fitzgerald, L.P. to acquire the 160-unit Tribeca apartment community in St. Louis, Missouri from seller Lux Living. The purchase marks Hamilton Zanze’s first acquisition in the St. Louis metro.

Tribeca is about five miles west of Downtown St. Louis in the St. Louis City submarket of the St. Louis apartment market. The region’s low cost of living and location in the central U.S. make it a desirable destination for relocating businesses, and the metro’s highly educated workforce is fed by the area’s nearly 40 colleges, universities, and technical schools.

Read the full article at Multifamily Biz, and see more coverage at PR News Wire, and RE Business Online.



January 20, 2020

Multifamily Investor Hamilton Zanze Acquires Indigo 19 in Virginia Beach

Virginia Beach, VA. – January 20, 2020 – San Francisco-based real estate firm Hamilton Zanze (HZ) has acquired the Indigo 19 apartment community in Virginia Beach, Virginia. The purchase closed on January 14th as the firm’s first acquisition of the year, and property management responsibilities have been transferred to the Denver-based affiliate company Mission Rock Residential.

The five-story apartment community, located at 1940 Pavilion Drive, features units averaging 931 square feet with amenities including stainless steel appliances, granite countertops, brushed nickel hardware, vinyl plank flooring, and nine-foot ceilings. Community amenities include a resort-style pool, grilling stations, a two-story clubhouse, fitness center, business center, and valet dry cleaning.

“We are excited to continue growing our East Coast portfolio with our acquisition of Indigo 19,” said David Nelson, managing director of acquisitions for Hamilton Zanze. “Indigo 19 is situated in a great location with plenty of retail and entertainment, so it provided a great opportunity to expand our presence in the Virginia Beach market.”

Built in 2013, the 196-unit property had a 95% occupancy rate at the time of purchase. HZ’s capital improvements plan includes general roof maintenance, fire and life safety improvements, HVAC maintenance, sustainability and green initiatives, exterior renovations including power washing and full exterior paint, and minor unit renovations.

With this latest acquisition, Hamilton Zanze now owns and operates four properties in the Virginia Beach-Norfolk-Newport News market, including Parkway Apartments, Woods of Williamsburg, Maple Bay Apartments, and now Indigo 19. The property is situated within walking distance of the Virginia Beach oceanfront and tourism district, which is home to the Virginia Beach boardwalk, resorts, nightclubs, restaurants, retail, and live entertainment. Atlantic Park, a $328 million mixed-use development, will feature retail, restaurants, residences, offices, a concert venue, and a surf park.

To learn more about Indigo 19, please visit www.indigo19.com.

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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 $4.4 billion in multifamily assets primarily in the Western, Southwestern, and Eastern U.S. The company currently owns and operates 85 properties (20,334 units) across 15 states. For additional information, visit www.hamiltonzanze.com



January 8, 2020

Multifamily Investor Hamilton Zanze Acquires Timbers at Long Reach in Columbia, MD

WASHINGTON, D.C. – January 8, 2020 – San Francisco-based real estate firm Hamilton Zanze (HZ) has acquired the 178-unit Timbers at Long Reach apartment community in Columbia, Maryland. HZ now owns and operates six properties in the metro area.

“The Timbers at Long Reach’s strategic location near Interstate 95 provides residents easy access to Downtown Baltimore, Downtown Washington D.C., and other major employment centers,” said David Nelson, managing director of acquisitions for Hamilton Zanze.

The purchase marks the firm’s 12th acquisition of the year. The acquisition is part of a three-property portfolio that HZ is purchasing from Aimco including the Lodge on the Chattahoochee, Timbers at Long Reach, and Chimneys of Cradlerock.

Built in 1979, Timbers at Long Reach was 98% occupied rate at the time of purchase. Residents of the garden-style community have access to Luxor One package lockers, a dog park, and walking paths throughout the community. Spacious units feature washers and dryers, walk-in closets, and private patios and balconies.

HZ’s capital improvements plan includes exterior maintenance and improvements, landscaping, and interior unit renovations. Property management responsibilities have been transitioned to HZ affiliate Mission Rock Residential, a Denver-based company.

The Timbers at Long Reach is located 15 miles southwest of Baltimore and 32 miles northeast of Washington D.C. in a top-rated Howard County school district. The property is located in close proximity to several retail centers, including Columbia Crossing Shopping Center just a mile away.

To learn more about Timbers at Long Reach, please visit www.thetimbersatlongreach.com.

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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 $4.3 billion in multifamily assets primarily in the Western, Southwestern, and Eastern U.S. The company currently owns and operates 85 properties (20,334 units) across 15 states. For additional information, visit www.hamiltonzanze.com



January 8, 2020

Hamilton Zanze Purchases Riverfront Community in the Atlanta Metro

ATLANTA, GA – January 8, 2020 – San Francisco-based real estate firm Hamilton Zanze (HZ) has acquired the 312-unit Lodge on the Chattahoochee apartment community in Sandy Springs, GA.

The purchase marks the firm’s 11th acquisition of the year. The acquisition is part of a three-property portfolio that HZ is purchasing from Aimco including the Lodge on the Chattahoochee, Timbers at Long Reach, and Chimneys of Cradlerock.

“With its large unit floorplans and access to the Chattahoochee River, Lodge on the Chattahoochee serves a desirable and underserved demographic in the area,” said David Nelson, managing director of acquisitions for Hamilton Zanze.

Built in 1973, Lodge on the Chattahoochee was 98% occupied at the time of purchase. The community offers immediate access to over 22 miles of riverfront trail and a fitness center, dog park, and business center. Large units feature ample natural light, washers and dryers, wood-style flooring, private balconies, walk-in closets, and attached garages.

HZ’s capital improvements plan include community amenity upgrades and interior renovations. Property management responsibilities have been transitioned to HZ affiliate Mission Rock Residential, a Denver-based company.

The community is located less than 20 miles north of downtown Atlanta. The metro area remains a desirable place to live and work due to the business-friendly environment, ease of travel through Hartsfield-Jackson Atlanta International Airport, and the region’s reputation as a logistics hub.

To learn more about Lodge on the Chattahoochee, please visit https://www.thelodgeontheriver.com/

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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 $4.3 billion in multifamily assets primarily in the Western, Southwestern, and Eastern U.S. The company currently owns and operates 85 properties (20,334 units) across 15 states. For additional information, visit www.hamiltonzanze.com