The Quarters at Towson Town Center Trades For $100M

Hamilton Zanze’s acquisition of The Quarters at Towson Town Center was recently featured on GlobeSt.com:

“TOWSON, MD–Real estate investment firm Hamilton Zanze and Cantor Fitzgerald have partnered to acquire The Quarters at Towson Town Center residential multifamily real estate community here for $100 million. This is HZ’s second acquisition in Maryland, and, along with recent acquisitions in Virginia and Connecticut, is part of San Francisco-based private company’s expansion into the East Coast region.

‘The Quarters at Towson Town Center fits our investment criteria perfectly — a large asset above a 5% cap rate in a growing market,’ said David Nelson, managing director of acquisitions for Hamilton Zanze, in a prepared statement. ‘We look forward to continuing to acquire high-quality real estate at good capitalization rates in the Mid-Atlantic and throughout the country in the second half of the year.'”

This transaction was Cantor’s second acquisition with Hamilton Zanze this year.

Read the full story at GlobeSt.com, and see more coverage of the transaction at MultiFamilyBiz.com and PEHub.com