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HZ News

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



December 9, 2019

Hamilton Zanze Sells The Gates At Buffalo Ridge Apartments in Texas

DALLAS/FORT WORTH, TX – December 9, 2019 – Hamilton Zanze, a San Francisco-based real estate investment firm, is pleased to announce the sale of The Gates at Buffalo Ridge Apartments in Haltom City, TX. The property is located in desirable North Fort Worth submarket of the Dallas/Fort Worth metro area. Hamilton Zanze owned the property for four years and sold the property on November 14, 2019.

The Gates at Buffalo Ridge was built in 2001 at 4699 Fossil Vista Drive. The 312-unit, 10-building community features two resort-style pools, a 24-hour all access fitness center, bike rentals, and large one-, two-, and three-bedroom floor plans averaging 980 square feet.

“We are glad to have capitalized on the strong fundamentals in the Dallas/Fort Worth market,” said David Nelson, Hamilton Zanze’s managing director of transactions. “We are thrilled with the execution of this transaction by Drew Kyle and the IPA team and the great outcome for our investors.”

Hamilton Zanze rebranded the property from Amesbury Court to The Gates at Buffalo Ridge in 2016. During their ownership, the company added a dog park and playground and executed unit renovations, roof replacements, and pool enhancements. Units were updated with new cabinet doors, countertops, kitchen and bath hardware, tile backsplash, and lighting

The Dallas/Fort Worth metro is one of the fastest-growing and highest-performing major U.S. markets. Major industries include trade, transportation, aviation/aerospace, life sciences, natural gas, construction, manufacturing/distribution, and logistics. The Dallas metro has a growing foundation of corporate headquarters, including 19 Fortune 500 companies. Many large companies are moving or expanding their campuses to the Dallas/Fort Worth metro, including Amazon, Calloway Golf, Kroger, and Uber.

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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 $3.2 billion in multifamily assets primarily in the Western, Southwestern, and Eastern U.S. The company currently owns and operates 82 properties (19,646 units) across 15 states. For additional information, visit www.hamiltonzanze.com



October 29, 2019

Hamilton Zanze Acquires St. Louis’ Tribeca Apartments

ST. LOUIS, MO – October 29, 2019 – 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 offered a unique opportunity to buy a phenomenally built product with state-of-the-art amenities at an attractive basis,” said David Nelson, managing director of acquisitions for Hamilton Zanze. “The property benefits from its proximity to Washington University, St. Louis and the BJC Medical Center, the largest medical facility in metro St. Louis and one of the highest-rated medical centers in the nation. Colliers, specifically Will Matthews, exceeded our expectations, and we look forward to working on our next deal together soon.”

Built in 2018, Tribeca had a 100% occupancy rate at the time of purchase. The community is located at 5510 Pershing Avenue, just over a mile from Washington University in St. Louis. The 160 units feature high-end interior finishes, including stainless steel appliances, white cabinets, quartz countertops, faux wood flooring, tiled walk-in showers, deluxe rain shower heads, and smart home technology. Desirable community amenities include a delivery robot, state-of-the-art fitness center, pet park and spa, indoor and outdoor game areas, concierge services, self-serve beer on tap, and a saltwater pool.

“We are thrilled to partner with Hamilton Zanze on another acquisition,” stated Ken Carpenter, managing director, Cantor Fitzgerald. “By leveraging HZ’s deep acquisition relationships, we continue to grow our joint platform of well-located, high-quality multifamily properties in growing markets.”

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.

Management of the property has been transitioned to HZ affiliate Mission Rock Residential, a Denver-based company.

To learn more about Tribeca apartments, please visit http://tribeca-stl.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 $3.2 billion in multifamily assets primarily in the Western, Southwestern, and Eastern U.S. The company currently owns and operates 83 properties (19,986 units) across 15 states. For additional information, visit www.hamiltonzanze.com



October 9, 2019

San Francisco Buyer Snags New West Nashville Apartments

Hamilton Zanze’s acquisition of Rivertop Apartments was recently featured in the Nashville Business Journal.

A West Nashville apartment complex has been sold for $57.1 million.

Nashville Post reports that San Francisco-based Hamilton Zanze and Co. bought the RiverTop apartments, which are located at 5820 River Road, near the Cumberland River. With 224 units, it represents a purchase price of about $255,000 per unit.

Read the full article at the Nashville Business Journal.



October 9, 2019

Hamilton Zanze Acquires Rivertop Apartments in Nashville

Hamilton Zanze’s acquisition of Rivertop Apartments was recently featured in the Cision PR Newswire.

San Francisco-based real estate investment firm Hamilton Zanze (HZ) partnered with Cantor Fitzgerald to purchase the Rivertop Apartments in Nashville, TN. The transaction closed on October 4th, and property management responsibilities have been transferred to Mission Rock Residential.

The property was recently developed by Birmingham-based LIV Development and was completed in 2019. The property is located at 5800 River Road in West Nashville, and its proximity to the Cumberland River provides scenic views, access to walking trails, and options for outdoor recreation including kayaking, canoeing, and fishing. Downtown Nashville is a short 20-minute drive from the property.

Read the full article at the Cision PR Newswire.



October 9, 2019

West Davidson Apartments sell for $57.1M

Hamilton Zanze was recently featured in the Nashville Post for their recent acquisition of Rivertop Apartments.

Read the full article at the Nashville Post.



October 9, 2019

Hamilton Zanze Acquires Rivertop Apartments in Nashville

NASHVILLE – October 9, 2019 – San Francisco-based real estate investment firm Hamilton Zanze (HZ) partnered with Cantor Fitzgerald to purchase the Rivertop Apartments in Nashville, TN. The transaction closed on October 4th, and property management responsibilities have been transferred to Mission Rock Residential.

The property was recently developed by Birmingham-based LIV Development and was completed in 2019. The property is located at 5800 River Road in West Nashville, and its proximity to the Cumberland River provides scenic views, access to walking trails, and options for outdoor recreation including kayaking, canoeing, and fishing. Downtown Nashville is a short 20-minute drive from the property.

“Rivertop Apartments provided a great opportunity to buy a brand-new property in a great submarket,” said Dave Nelson, Hamilton Zanze’s managing director of transactions. “We are confident that the property’s contemporary vintage, amenity package, and prime location 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.”

The 224-unit luxury apartment community offers large one-, two-, and three-bedroom units ranging between 878 square feet and 1,418 square feet. Rivertop features state-of-the-art amenities and high-end interiors that include granite countertops, ceramic tile backsplashes, stainless steel appliances, wood-style flooring, and private balconies.

Community amenities include a resident clubhouse, resort-style swimming pool, 24-hour fitness center, bocce ball court, dog park, pet spa, and outdoor grills and firepits.

Nashville benefits from a well-established economy driven by a dynamic private sector and a qualified workforce stemming from the presence of top regional universities like Vanderbilt University, Fisk University, and Middle Tennessee State University.

Tennessee’s capital city is known for its music industry, but its educated talent pool and affordable operating costs also make it a top destination for relocating and expanding companies including Gap, LG Electronics, Bridgestone, and Ernst & Young. Continued investments in Nashville resulted in over 15 million annual visitors and $7 billion in visitor spending in 2018.

To learn more about the Rivertop Apartments, please visit www.missionrockresidential.com/apartments/tn/nashville/rivertop/.

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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 billion in multifamily assets primarily in the Western, Southwestern, and Eastern U.S. The company currently owns and operates 82 properties (19,826 units) across 15 states. For additional information, visit www.hamiltonzanze.com