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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.

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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.

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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.

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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 $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.

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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 $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.



November 15, 2021

Hamilton Zanze Sells Multifamily Community in Baltimore Metro

BALTIMORE, Md. – November 1, 2021 – A joint venture between San Francisco-based real estate investment firm Hamilton Zanze and a subsidiary of Cantor Fitzgerald is pleased to announce the sale of The Quarters at Towson Town Center in the desirable Towson/Hunt Valley submarket of Baltimore, Maryland. The firms purchased the property in 2018 and the sale closed on November 10, 2021. The Newmark team of Christine Espenshade and Robert Garrish represented sellers at acquisition and disposition.

During their ownership, Hamilton Zanze completed numerous exterior improvements and landscaping improvements, and renovated 100 units with new countertops, appliances, and hardware to improve leasing efforts and increase rental rates.

“Since purchasing the property in August 2018 we implemented proactive asset management and completed value-add renovations, which kept occupancy above 94%, even throughout 2020, and ultimately positioned the property for a profitable exit for investors,” said Anthony Ly, director of dispositions at Hamilton Zanze.

“The profitable sale of The Quarters at Towson Center was a direct result of understanding the property’s location, situated in the heart of the growing Towson market, and capitalizing on increased demand for institutional-quality multifamily assets,” said Chris Milner, Head of Cantor Fitzgerald Investment Management.

The Quarters at Towson Town Center was built in 2009 and is located at 900 and 960 Southerly Road in Towson. The property comprises 430 one-, two-, and three-bedroom units averaging 1,111 square feet. The community has a resort-style pool and spa, two fitness centers, two club rooms, private courtyards with barbecues, business center, and garage parking.

The Quarters at Towson Town Center is in the Towson/Hunt Valley submarket of the Baltimore metro area. The community is in Central Townson near two highways providing access to local and regional areas of interest in and around Baltimore. The Towson Town Center, one of the largest indoor shopping malls in the state, is adjacent to the property. Baltimore is Maryland’s second-largest job center and the largest U.S. seaport in the Mid-Atlantic. The city is home to Johns Hopkins University and Johns Hopkins Hospital, two of the metro’s largest employers.

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.

ABOUT CANTOR FITZGERALD, L.P.
Cantor Fitzgerald, with over 12,000 employees, is a leading global financial services group at the forefront of financial and technological innovation and has been a proven and resilient leader for over 75 years. Cantor Fitzgerald & Co. is a preeminent investment bank serving more than 5,000 institutional clients around the world, recognized for its strengths in fixed income and equity capital markets, investment banking, SPAC underwriting and PIPE placements, prime brokerage, and commercial real estate, and for its global distribution platform. Cantor Fitzgerald & Co. is one of the 24 primary dealers authorized to transact business with the Federal Reserve Bank of New York. Cantor Fitzgerald is a leading SPAC sponsor, having completed multiple initial public offerings and announced multiple business combinations through its CF Acquisition platform. For more information, please visit www.cantor.com.



November 1, 2021

Hamilton Zanze Sells Multifamily Community in Seattle Metro

MOUNTLAKE TERRACE, Wash. – November 1, 2021 – San Francisco-based real estate investment firm Hamilton Zanze is pleased to announce the sale of Maple Glen Apartments in the desirable Lynnwood/Edmonds/Mukilteo submarket of Seattle, Washington. The firm purchased the property in 2015 and the sale closed on October 28, 2021.

During their ownership, Hamilton Zanze completed numerous exterior improvements and landscaping improvements, and renovated units with new lighting, windows, hardware, and balcony repairs to improve leasing efforts and increase rental rates.

“We are elated with our business plan execution with Maple Glen and the outcome for our investors. Since acquisition, we were able to renovate units and implement expense saving measures and take advantage of the growth in Mountlake Terrace,” said Anthony Ly, director of dispositions at Hamilton Zanze. “The ahead of schedule delivery of the light rail expansion will make the property a very desirable location.”

Maple Glen Apartments was built in 1986 and is located at 5424 212th Street SW in Mountlake Terrace. The property comprises 106 one- and two-bedroom units averaging 794 square feet. The community features a fully renovated clubhouse with fitness center, lounge, swimming pool, sauna, and spa.

Maple Glen Apartments is in the Lynnwood/Edmonds/Mukilteo submarket of the Seattle metro area. The community is centrally located near Interstate 5, Interstate 405, and the Seattle-Tacoma International Airport, which provides nonstop flights to domestic and international destinations. The property is in proximity to large employers including Amazon, Naval Station Everett, and Boeing. Seattle’s economy benefits from stable employment growth in mid- and high-paying sectors and is home to eight Fortune 500 companies.

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 91 properties (21,995 units) across 15 states and 28 markets. For additional information, visit www.hamiltonzanze.com.



September 20, 2021

Hamilton Zanze Buys Sixth Multifamily Community in Nashville Metro

COLUMBIA, TN – September 20, 2021 – San Francisco-based real estate firm Hamilton Zanze (HZ) has acquired the 228-unit The Retreat in Arden Village in Columbia, Tennessee. This represents HZ’s seventh acquisition in Tennessee and sixth in the Nashville metro area.

The community, built in 2007 with additions in 2018, is located 40 miles south of Nashville, which benefits from a well-established economy driven by a dynamic private sector and a qualified workforce. Nashville is also home to several Fortune 500 companies and top regional universities like Vanderbilt University.

“The Retreat at Arden Village offered an attractive opportunity to buy a quality asset in a very strong submarket within the Nashville MSA,” said David Nelson, Hamilton Zanze’s chief transactions officer. “The property features a contemporary vintage, robust amenity package, and prime location near great job drivers which will provide our residents with the quality of life offered in Nashville’s growing urban core. Being that this is now our seventh acquisition in the state of Tennessee and sixth in the Nashville metro, we are excited about our continued growth in the region.”

The Retreat at Arden Village is located at 2477 Palomar Circle and was 97.0% occupied at purchase. The 228 units average 1,080 square feet with seven different floor plans. Community amenities include an indoor fitness center, business center, clubhouse, resort-style pool, dog park, billiards room, and an outdoor entertainment kitchen with grills. Unit amenities include granite countertops, large closets, hardwood floors, and full size in-unit washer and dryers.

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

To learn more about The Retreat at Arden Village, please visit https://www.ardenvillageapts.com/

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 97 properties (21,673 units) across 15 states and 29 markets. For additional information, visit www.hamiltonzanze.com



September 15, 2021

Hamilton Zanze Sells Northwest Houston Area Multifamily Community

CYPRESS, TEXAS – September 15, 2021 – San Francisco-based real estate investment firm Hamilton Zanze (HZ) is pleased to announce the sale of The Point at Cypress Woods Apartments, located in the suburbs of Houston. HZ purchased the property the property in 2014 and the sale closed on August 25, 2021.

“The Point at Cypress Woods illustrates our ability to identify multifamily investment opportunities and increase value through upgrading the property, renovating units and improving management,” said Anthony Ly, director of dispositions at Hamilton Zanze.

The Point at Cypress Woods was built in 1983 and is located at 11800 Grant Road in Cypress, Texas, a suburban community in the Northwest Houston metro area. The property comprises 530 one-, two-, and three-bedroom units featuring high ceilings, upgraded kitchen and bathrooms, washer and dryers, balcony or patios, fireplaces, skylights, and walk-in closets. Community amenities include a gated entrance, 24-hour fitness center, two swimming pools, spa/hot tub, playground, picnic area with barbecue grills, sundeck with lounge chairs, and three onsite laundry facilities.

During their ownership, Hamilton Zanze upgraded unit interiors with new appliances, flooring, and countertops. The company also improved community amenities including pool area enhancements, landscaping and irrigation repairs, carport installation, exterior roof/siding upgrades, and repainting all buildings. The Point at Cypress Woods was 94% occupied at the time of sale.

The property is close to several major employers in the market, such as St. Jude’s Hospital (approximately six miles from property) and Hewlett-Packard (four miles from property). The community’s location provides easy access to two major highways connecting residents to downtown Houston and surrounding cities. The Point at Cypress Woods is well-located in the city of Cypress, which is now ranked #50 among the top 100 highest-income urban areas in the U.S. by per capita income and just outside of the Houston metro area, the largest economic/cultural center of the American South that is expected to see rapid population growth in the coming years.

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 $5.1 billion in multifamily assets primarily in the Western, Southwestern, and Eastern U.S. The company currently owns and operates 96 properties (21,975 units) across 15 states. For more information, visit www.hamiltonzanze.com



September 9, 2021

Hamilton Zanze Buys First Multifamily Community in North Carolina

CHARLOTTE, NC – September 9, 2021 – San Francisco-based real estate firm Hamilton Zanze (HZ) has acquired the 377-unit Blu at Northline Apartments in Charlotte, North Carolina. This represents HZ’s first acquisition in North Carolina.

The community, built in 2018, is just northeast of Downtown Charlotte, which has become a headquarters hub for several Fortune 500 companies including Bank of America, Lowe’s, and Honeywell.

“Blu at Northline presented us a great opportunity to buy a Class A asset in Charlotte, North Carolina,” said David Nelson, Hamilton Zanze’s chief transactions officer. “The property features a robust amenity package, a prime location in the University City submarket along the Lynx Blue Line, and offers residents the quality of life provided by the city’s energetic urban core. As this is our first acquisition in North Carolina, we’re very excited to enter the Charlotte market and look forward to continued growth in the region.”

Blu at Northline was 95.0% occupied at purchase. The community is located at 2508 April Liu Lane in the desirable UNC Charlotte submarket, approximately 15 minutes from Downtown Charlotte. The 377 units average 978 square feet with 12 different floor plans. Community amenities include a fitness center, yoga and spin studio, saltwater pool. Unit amenities include granite countertops, stainless steel appliances, walk-in closets, and washers and dryers in each unit.

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

The Kirkland Company’s North Carolina team led by Dennis Harris, Matt Behr, and Austin Haney arranged the sale. “We have been fortunate to work closely with Hamilton Zanze for years in Tennessee and various other states.  Their reputation and track record speaks for itself, and our team is excited to see them enter the North Carolina market with the Blu at Northline acquisition.” Harris said.

To learn more about Blu at Northline, please visit https://www.missionrockresidential.com/apartments/nc/charlotte/blu-at-northline/

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 $5.1 billion in multifamily assets primarily in the Western, Southwestern, and Eastern U.S. The company currently owns and operates 97 properties (22,505 units) across 15 states and 29 markets. For additional information, visit www.hamiltonzanze.com

ABOUT THE KIRKLAND COMPANY
The Kirkland Company (TKC) specializes in the sale of apartment communities in ten states throughout the Southeast. The firm is headquartered in Nashville, TN and has closed over 648 multifamily transactions since its inception. Find out more about TKC at www.thekirklandco.com.