Hamilton Zanze Acquires Oasis Crossings Apartments in Las Vegas, NV

hamilton-zanze May 04, 2015

LAS VEGAS, Nev. – Hamilton Zanze (HZ) recently acquired Oasis Crossings Apartments in Las Vegas, NV for $7.4 million. The San Francisco-based real estate company has purchased 7 multifamily assets in the Western U.S. for over $131 million in the last 12 months.

Oasis Crossings is a 72-unit, Class B+ apartment community built in 1996. The property is located in Summerlin/The Lakes, a strong multifamily submarket in the Las Vegas MSA. HZ plans to implement a value-add program including capital improvements, expense reduction, and new property management through Mission Rock Residential.

“Las Vegas is a target acquisition market for us, and we are looking forward to completing our interior value-add program on this well-located, high-quality asset,” says HZ Acquisitions Director David Nelson.

Summary of the Acquisition

72-unit Class B+ multifamily property built in 1996
Located in a desirable submarket in the Las Vegas MSA
Planned value-add program to drive operations
HZ’s second recent Las Vegas purchase and 7th acquisition in the Western U.S. in the last 12 months

About Hamilton Zanze

Hamilton Zanze is a private San Francisco-based real estate company that acquires, repositions, and operates apartment communities. Since its founding in 2001, Hamilton Zanze has acquired over $1.6 billion in multifamily investments across 10 states in the Western and Southwestern U.S. The company currently owns and operates 77 properties (15,699 units) across 9 states. For additional information, visit www.hamiltonzanze.com. About Mission Rock Residential Mission Rock Residential performs on-site and off-site property management for apartment communities in the U.S. Mission Rock is headquartered in Denver, CO and has a regional office in Phoenix, AZ. For additional information, visit www.missionrockresidential.com.