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November 5, 2018

Copper Mill Apartment Complex in Western Henrico Sells for $33 Million

Hamilton Zanze’s acquisition of Copper Mill Apartments was recently covered by the 

Copper Mill Apartments, a 192-unit complex in western Henrico County, has been sold to a California-based real estate investment firm for $33 million.

San Francisco-based Hamilton Zanze acquired the complex, which is off West Broad Street about a quarter-mile east of Pemberton Road.

“Copper Mill represented an opportunity to buy a well-located, value-add asset at a favorable cap rate,” said David Nelson, managing director of acquisitions for Hamilton Zanze.

Hamilton Zanze plans to renovate 25 percent of the units to include stone counters, backsplashes, lighting fixtures, cabinet pulls, flooring, and replacement kitchen cabinets. An additional 50 percent of the units will receive a lighter renovation with resurfaced counters and the addition of new appliances and cabinet faces. The company also will add a dog park and other enhancements.

Property management responsibilities have been turned over to Mission Rock Residential, a Denver-based affiliated company to Hamilton Zanze.

“We are excited to continue expanding our presence in the Richmond MSA and will continue to look for further opportunities this year,” Nelson said.

Read the full story at Richmond.com.



October 18, 2018

Hamilton Zanze Pays $39.5M For Northglenn Apartments

Hamilton Zanze’s acquisition of Keystone Apartments was recently featured on Bisnow.com:

San Francisco-based Hamilton Zanze has acquired the 208-unit Keystone Apartments in Northglenn for $39.5M.

At 12150 Race St., Keystone Apartments is just 1 mile west of the planned 124th Avenue/Eastlake light-rail station scheduled to open in 2019.

The complex, built in 1986, has received extensive upgrades in recent years. The property offers one- and two-bedroom units with vaulted ceilings, walk-in closets, private balconies and patios and stainless-steel appliances. Community amenities include a clubhouse, fitness center and indoor multisport court, pool and outdoor barbecue areas.

Read the full story at Bisnow.com.



October 9, 2018

Hamilton Zanze adds $82M buy to portfolio

Hamilton Zanze’s Colorado acquisition of Environs Residential Rental Community was recently featured in the Colorado Real Estate Journal:

San Francisco-based Hamilton Zanze purchased a Westminster rental community with a distinctly single-family feel.

Hamilton Zanze paid $82 million for Environs, an approximately 30-acre rental community at 3323 W. 96th Circle. The community comprises 318 rental units – a mix of market-rate, single-family houses, patio homes, townhomes and condominiums.

“Environs presented an opportunity to buy a great asset in a strong submarket,” said David Nelson, managing director of acquisitions for Hamilton Zanze. “With all of the demand for single-family homes today, we believe this property’s unique mix of condominiums, townhomes, patio homes and houses will appeal to a wide renter pool around the region.”

Visit CREJ.com for the full story.



September 30, 2018

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 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.



September 7, 2018

Westminster apartment building sells for $82 million

Hamilton Zanze’s Colorado acquisition of Environs Residential Rental Community was recently featured in the Denver Business Journal:

Hamilton Zanze purchased Environs Apartments in Westminster has for $82 million.

Located at 3323 W. 96th Circle, the 33-acre property was 92 percent leased at the time of the sale. The 318-unit complex consists of market-rate single residences, patio homes, townhomes and condos. This purchase brings HZ’s total number of properties in Colorado to 15. Nine of them are in the metro area.

Given the demand for single-family homes today, David Nelson, managing director of acquisitions for HZ said that the company believed Environs unique mix of offerings will appeal to a “wide renter pool around the region.”

The property, built in 1984, was sold by Seagate. Amenities include a clubhouse, fitness center and two pools. Seagate upgraded all but 119-units, which HZ plans to finish.

Hamilton Zanze recently purchased a Broomfield apartment community for $50 million and another Broomfield apartment complex for $67 million.

Visit the Denver Business Journal for the full story.



May 23, 2018

Hamilton Zanze Makes First MD Buy

Hamilton Zanze’s acquisition of Keystone Apartments was recently featured on MultiHousingNews.com:

Hamilton Zanze has purchased Kingscrest Apartments, a 404-unit community in Frederick, Md., for $64.3 million. Transwestern Mid-Atlantic Multifamily Group brokered the transaction, while Mission Rock Residential will be managing the property. The deal comes after the company recently expanded its Denver footprint with the acquisition of the 216-unit Willow Run Village for $50 million.

Spreading across a 25-acre site, the 20-building community is 93 percent occupied, according to Yardi Matrix. Built between 1990 and 1992, the 356,632-square foot property is located at 6959 Castle Court and comprises a mix of one- and two-bedroom units.

Read the full story at MultiHousingNews.com.



January 5, 2018

Hamilton Zanze Expands Denver Footprint

Hamilton Zanze’s acquisition of Willow Run Village was recently featured on MultiHousingNews.com:

Hamilton Zanze has purchased Kingscrest Apartments, a 404-unit community in Frederick, Md., for $64.3 million. Transwestern Mid-Atlantic Multifamily Group brokered the transaction, while Mission Rock Residential will be managing the property. The deal comes after the company recently expanded its Denver footprint with the acquisition of the 216-unit Willow Run Village for $50 million.

Spreading across a 25-acre site, the 20-building community is 93 percent occupied, according to Yardi Matrix. Built between 1990 and 1992, the 356,632-square foot property is located at 6959 Castle Court and comprises a mix of one- and two-bedroom units.

Read the full story at MultiHousingNews.com.



March 2, 2017

Why This San Francisco-Based Investor is Skipping Over California to put Money in San Antonio

Hamilton Zanze CEO Mark Hamilton spoke to the San Antonio Business Journal about HZ’s acquisition strategy in Texas:

“We cut our teeth doing smaller projects in the San Francisco area, and it got to a point where I wasn’t sure we could make the kind of predictable cash flow we like to make for investors,” Hamilton said. “We started moving to other states because we saw so much capital demand for California apartments; the price was up so high, but the returns went down.”

That’s what pushed the firm to Texas, where it owns properties across Dallas, Austin and Houston as well. What’s interesting, though, is that while San Antonio was the last of the four Texas markets Hamilton Zanze jumped into, the firm’s CEO said it was the first one they started looking at.

“It took us a very long time to find the combination of getting an asset we liked, a return structure we liked and a sense of where job growth was going,” he said. “We turned over rocks and looked at things for a period of time, but two years ago, we finally saw that flurry of properties that we jumped on.”

Read the full story at the San Antonio Business Journal.



February 21, 2017

Hamilton Zanze Buys Atlanta Apartments for $109m, its First East Coast Acquisition

Hamilton Zanze’s acquisition of The Residences at Vinings Mountain was featured on BisNow.com:

A San Francisco value-add apartment real estate investment firm has made its first East Coast investment just a few miles from SunTrust Park, the new Atlanta Braves stadium.

Hamilton Zanze has purchased a portfolio of three properties in Smyrna: The Peak at Vinings Mountain, The Views at Vinings Mountain and Lakeside at Vinings Mountain, a 680-unit collection of circa 1980s apartments, collectively called The Residences at Vinings Mountain. The properties traded from Aimco for $109M, according to Databank. Colliers International’s Will Mathews brokered the sale on behalf of Aimco.

Atlanta’s pro-business climate and educated workforce draw most outside investors to the city, and HZ managing director David Nelson said they were also big reasons why the California firm came to Atlanta. But right behind those factors were the new stadium and the infrastructure investment in Smyrna, “spending more now to prepare for tomorrow,” Nelson said. According to the Cumberland CID, some $600M in infrastructure improvements will have occurred by the end of 2018 during the past 30 years, many in preparation for the Atlanta Braves.

Read the full story at BisNow.com. See additional coverage of this transaction at REIBusiness.com.



December 15, 2016

Latest Apartment Sale Shows Continued Strength in Big Portland Submarket

Hamilton Zanze’s acquisition of Rock Creek Commons was covered by the Portland Business Journal:

It’s not just Portland that’s been enjoying a strong multifamily market these past few years.

The Rose City’s neighbor to the north, Vancouver, has seen some new heat as well, with rents rising and interest from outside investors bubbling up.

One of the latest signs of Vancouver’s growing popularity — the $37 million sale of Rock Creek Commons, a 240-unit complex at 11800 N.E. 124th Ave. earlier this fall. The complex went to Hamilton Zanze, a California real estate investment firm that has had a busy year of buying and selling properties, including a complex it bought in Eugene for $31 million in September.

From the Portland Business Journal