HZ News

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June 5, 2020

Hamilton Zanze’s Statement Regarding Racial Inequality and Community Unrest

Recent weeks have been some of the most challenging in our history. They have culminated in America bearing witness to the murder of George Floyd and have been followed by nationwide protests for justice and equality. We deeply respect and support those across America who are protesting peacefully for critical change. 

As Americans, we all must take responsibility for the uncomfortable and unacceptable truth that we, as a nation, have not consistently stood up for the basic human rights of many of our fellow citizens.  

We at Hamilton Zanze are committed to providing housing and building community regardless of religion, gender, sexual orientation, age, nationality, gender identity, citizenship, color, or race, and believe that there should be one American system of justice that applies equally to all of us. We are also committed to listening and hearing. We must listen to the voices of our teams, our partners, those among us and in our communities who are the most vulnerable and disenfranchised, and those struggling with the most grief. We will listen not only to convert what we learn into progress but also out of respect for those whose voices have been silenced. 

Silence is not an option. While the past cannot be changed, thoughts, prayers, sympathies, and condolences are not enough. We are not without flaws, but we will not allow our human frailties to hold back progress. We will work to hold our elected officials accountable, and we will remain accountable to each other and each of you in providing housing and building communities that promote equality and reflect the diversity of our nation and the best of its ideals.



April 20, 2020

Hamilton Zanze Acquires St. Louis Community

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

A loft-style apartment community situated in the up-and-coming Soulard nook of downtown St. Louis has been acquired by real estate investment firm Hamilton Zanze.

The Class A, mid-rise, 170-unit Steelyard & Icehouse Apartments features two components. In 2016, developer LuxLiving renovated a 1924 ice warehouse called the Icehouse, creating 42 loft residences with open-concept floor plans. Subsequently, The Steelyard, a five-story 128-unit apartment community with an adjacent structured parking garage, was built on a nearby parcel that formerly housed several industrial structures and warehouses. That apartment community opened last year.

Read the full article at Multi-Housing News, and see more coverage at Baker City Herald, and RE Journals.



March 24, 2020

“Why You Should Start With Accounting” With Jason Hartman & Ashlee Cabeal

We were excited to work with Thrive Global on this Q&A with HZ’s CFO Ashlee Cabeal for a series about strong women leaders in the real estate industry. Please read the full story at ThriveGlobal.com or on Medium:

“While this might sound boring to some, I would have to start with accounting. As you enter the real estate field you certainly don’t need know what a CAP rate is or a Gross Rent Multiplier. If you knew how to read a balance sheet, though, or how to interpret a Cash Flow Statement, you will be able to learn those other things much intuitively. A basic understanding of accounting principles will greatly help you understand individual real estate deals and identify potential areas for concern.”



March 2, 2020

Hamilton Zanze Expands Nashville-Area Portfolio

Hamilton Zanze’s acquisition of Commonwealth at 31 was recently featured in Multi-Housing News:

Hamilton Zanze has acquired Commonwealth at 31, an apartment community in the Nashville suburb of Spring Hill, Tenn., for $53.3 million. The 248-unit multifamily property was sold by Commonwealth Capital Partners, according to Yardi Matrix.

Built in 2017, Commonwealth at 31 is Hamilton Zanze’s third acquisition so far in 2020 and the fifth acquisition so far in 2020 and the fifth acquisition to date in the Nashville metropolitan region.

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



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 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.