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HZ News Press Release

January 24, 2020

Multifamily Investor Hamilton Zanze Acquires Nashville Metro Apartments

Nashville, TN. – January 24, 2020 – San Francisco-based real estate firm Hamilton Zanze (HZ) has acquired Springfield Apartments in Murfreesboro, Tennessee in the Nashville metro area. The transaction closed on January 16th and was the firm’s second acquisition of the year.

The 16-building apartment community, located at 3726 Manson Pike, features units averaging 1,013 square feet with amenities including smart home technology, private balconies, and extra-large closets. Community amenities include a dog park, gaming, saltwater pool, hammock garden, and pub.

“Springfield Apartments provided an excellent opportunity to buy a brand-new property in a great submarket,” said David Nelson, managing director of acquisitions for Hamilton Zanze. “We are confident that the property’s contemporary vintage, amenity package, and prime location in Murfreesboro will provide our residents with the quality of life offered in Nashville’s urban core. We are excited about our continued growth in the region.”

Built in 2018, the 270-unit property was a 97% occupied at the time of purchase. HZ plans to invest in  environmentally friendly upgrades, and property management responsibilities have been transferred to the Denver-based affiliate company Mission Rock Residential.

With this latest acquisition, Hamilton Zanze now owns and operates four properties in the Nashville-Davidson-Murfreesboro market, including Rivertop Apartments, Post Ridge Apartments, and 865 Bellevue. The property is located 30 miles from Downtown Nashville, which is home to numerous music venues, the State Capitol, options for nightlife, major employers, and professional sports venues. The famed Honky Tonk Highway is located in Downtown Nashville and features a row of restaurants and live music venues every night.

To learn more about Springfield Apartments, please visit https://www.missionrockresidential.com/apartments/tn/murfreesboro/springfield/

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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 $4.3 billion in multifamily assets primarily in the Western, Southwestern, and Eastern U.S. The company currently owns and operates 83 properties (19,958 units) across 15 states. For additional information, visit www.hamiltonzanze.com



January 20, 2020

Multifamily Investor Hamilton Zanze Acquires Indigo 19 in Virginia Beach

Virginia Beach, VA. – January 20, 2020 – San Francisco-based real estate firm Hamilton Zanze (HZ) has acquired the Indigo 19 apartment community in Virginia Beach, Virginia. The purchase closed on January 14th as the firm’s first acquisition of the year, and property management responsibilities have been transferred to the Denver-based affiliate company Mission Rock Residential.

The five-story apartment community, located at 1940 Pavilion Drive, features units averaging 931 square feet with amenities including stainless steel appliances, granite countertops, brushed nickel hardware, vinyl plank flooring, and nine-foot ceilings. Community amenities include a resort-style pool, grilling stations, a two-story clubhouse, fitness center, business center, and valet dry cleaning.

“We are excited to continue growing our East Coast portfolio with our acquisition of Indigo 19,” said David Nelson, managing director of acquisitions for Hamilton Zanze. “Indigo 19 is situated in a great location with plenty of retail and entertainment, so it provided a great opportunity to expand our presence in the Virginia Beach market.”

Built in 2013, the 196-unit property had a 95% occupancy rate at the time of purchase. HZ’s capital improvements plan includes general roof maintenance, fire and life safety improvements, HVAC maintenance, sustainability and green initiatives, exterior renovations including power washing and full exterior paint, and minor unit renovations.

With this latest acquisition, Hamilton Zanze now owns and operates four properties in the Virginia Beach-Norfolk-Newport News market, including Parkway Apartments, Woods of Williamsburg, Maple Bay Apartments, and now Indigo 19. The property is situated within walking distance of the Virginia Beach oceanfront and tourism district, which is home to the Virginia Beach boardwalk, resorts, nightclubs, restaurants, retail, and live entertainment. Atlantic Park, a $328 million mixed-use development, will feature retail, restaurants, residences, offices, a concert venue, and a surf park.

To learn more about Indigo 19, please visit www.indigo19.com.

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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 (20,334 units) across 15 states. For additional information, visit www.hamiltonzanze.com



January 8, 2020

Multifamily Investor Hamilton Zanze Acquires Timbers at Long Reach in Columbia, MD

WASHINGTON, D.C. – January 8, 2020 – San Francisco-based real estate firm Hamilton Zanze (HZ) has acquired the 178-unit Timbers at Long Reach apartment community in Columbia, Maryland. HZ now owns and operates six properties in the metro area.

“The Timbers at Long Reach’s strategic location near Interstate 95 provides residents easy access to Downtown Baltimore, Downtown Washington D.C., and other major employment centers,” said David Nelson, managing director of acquisitions for Hamilton Zanze.

The purchase marks the firm’s 12th acquisition of the year. The acquisition is part of a three-property portfolio that HZ is purchasing from Aimco including the Lodge on the Chattahoochee, Timbers at Long Reach, and Chimneys of Cradlerock.

Built in 1979, Timbers at Long Reach was 98% occupied rate at the time of purchase. Residents of the garden-style community have access to Luxor One package lockers, a dog park, and walking paths throughout the community. Spacious units feature washers and dryers, walk-in closets, and private patios and balconies.

HZ’s capital improvements plan includes exterior maintenance and improvements, landscaping, and interior unit renovations. Property management responsibilities have been transitioned to HZ affiliate Mission Rock Residential, a Denver-based company.

The Timbers at Long Reach is located 15 miles southwest of Baltimore and 32 miles northeast of Washington D.C. in a top-rated Howard County school district. The property is located in close proximity to several retail centers, including Columbia Crossing Shopping Center just a mile away.

To learn more about Timbers at Long Reach, please visit www.thetimbersatlongreach.com.

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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 $4.3 billion in multifamily assets primarily in the Western, Southwestern, and Eastern U.S. The company currently owns and operates 85 properties (20,334 units) across 15 states. For additional information, visit www.hamiltonzanze.com



January 8, 2020

Hamilton Zanze Purchases Riverfront Community in the Atlanta Metro

ATLANTA, GA – January 8, 2020 – San Francisco-based real estate firm Hamilton Zanze (HZ) has acquired the 312-unit Lodge on the Chattahoochee apartment community in Sandy Springs, GA.

The purchase marks the firm’s 11th acquisition of the year. The acquisition is part of a three-property portfolio that HZ is purchasing from Aimco including the Lodge on the Chattahoochee, Timbers at Long Reach, and Chimneys of Cradlerock.

“With its large unit floorplans and access to the Chattahoochee River, Lodge on the Chattahoochee serves a desirable and underserved demographic in the area,” said David Nelson, managing director of acquisitions for Hamilton Zanze.

Built in 1973, Lodge on the Chattahoochee was 98% occupied at the time of purchase. The community offers immediate access to over 22 miles of riverfront trail and a fitness center, dog park, and business center. Large units feature ample natural light, washers and dryers, wood-style flooring, private balconies, walk-in closets, and attached garages.

HZ’s capital improvements plan include community amenity upgrades and interior renovations. Property management responsibilities have been transitioned to HZ affiliate Mission Rock Residential, a Denver-based company.

The community is located less than 20 miles north of downtown Atlanta. The metro area remains a desirable place to live and work due to the business-friendly environment, ease of travel through Hartsfield-Jackson Atlanta International Airport, and the region’s reputation as a logistics hub.

To learn more about Lodge on the Chattahoochee, please visit https://www.thelodgeontheriver.com/

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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 $4.3 billion in multifamily assets primarily in the Western, Southwestern, and Eastern U.S. The company currently owns and operates 85 properties (20,334 units) across 15 states. For additional information, visit www.hamiltonzanze.com



December 9, 2019

Hamilton Zanze Sells The Gates At Buffalo Ridge Apartments in Texas

DALLAS/FORT WORTH, TX – December 9, 2019 – Hamilton Zanze, a San Francisco-based real estate investment firm, is pleased to announce the sale of The Gates at Buffalo Ridge Apartments in Haltom City, TX. The property is located in desirable North Fort Worth submarket of the Dallas/Fort Worth metro area. Hamilton Zanze owned the property for four years and sold the property on November 14, 2019.

The Gates at Buffalo Ridge was built in 2001 at 4699 Fossil Vista Drive. The 312-unit, 10-building community features two resort-style pools, a 24-hour all access fitness center, bike rentals, and large one-, two-, and three-bedroom floor plans averaging 980 square feet.

“We are glad to have capitalized on the strong fundamentals in the Dallas/Fort Worth market,” said David Nelson, Hamilton Zanze’s managing director of transactions. “We are thrilled with the execution of this transaction by Drew Kyle and the IPA team and the great outcome for our investors.”

Hamilton Zanze rebranded the property from Amesbury Court to The Gates at Buffalo Ridge in 2016. During their ownership, the company added a dog park and playground and executed unit renovations, roof replacements, and pool enhancements. Units were updated with new cabinet doors, countertops, kitchen and bath hardware, tile backsplash, and lighting

The Dallas/Fort Worth metro is one of the fastest-growing and highest-performing major U.S. markets. Major industries include trade, transportation, aviation/aerospace, life sciences, natural gas, construction, manufacturing/distribution, and logistics. The Dallas metro has a growing foundation of corporate headquarters, including 19 Fortune 500 companies. Many large companies are moving or expanding their campuses to the Dallas/Fort Worth metro, including Amazon, Calloway Golf, Kroger, and Uber.

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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 $3.2 billion in multifamily assets primarily in the Western, Southwestern, and Eastern U.S. The company currently owns and operates 82 properties (19,646 units) across 15 states. For additional information, visit www.hamiltonzanze.com



October 29, 2019

Hamilton Zanze Acquires St. Louis’ Tribeca Apartments

ST. LOUIS, MO – October 29, 2019 – 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 offered a unique opportunity to buy a phenomenally built product with state-of-the-art amenities at an attractive basis,” said David Nelson, managing director of acquisitions for Hamilton Zanze. “The property benefits from its proximity to Washington University, St. Louis and the BJC Medical Center, the largest medical facility in metro St. Louis and one of the highest-rated medical centers in the nation. Colliers, specifically Will Matthews, exceeded our expectations, and we look forward to working on our next deal together soon.”

Built in 2018, Tribeca had a 100% occupancy rate at the time of purchase. The community is located at 5510 Pershing Avenue, just over a mile from Washington University in St. Louis. The 160 units feature high-end interior finishes, including stainless steel appliances, white cabinets, quartz countertops, faux wood flooring, tiled walk-in showers, deluxe rain shower heads, and smart home technology. Desirable community amenities include a delivery robot, state-of-the-art fitness center, pet park and spa, indoor and outdoor game areas, concierge services, self-serve beer on tap, and a saltwater pool.

“We are thrilled to partner with Hamilton Zanze on another acquisition,” stated Ken Carpenter, managing director, Cantor Fitzgerald. “By leveraging HZ’s deep acquisition relationships, we continue to grow our joint platform of well-located, high-quality multifamily properties in growing markets.”

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.

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

To learn more about Tribeca apartments, please visit http://tribeca-stl.com.

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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 $3.2 billion in multifamily assets primarily in the Western, Southwestern, and Eastern U.S. The company currently owns and operates 83 properties (19,986 units) across 15 states. For additional information, visit www.hamiltonzanze.com



October 9, 2019

Hamilton Zanze Acquires Rivertop Apartments in Nashville

NASHVILLE – October 9, 2019 – San Francisco-based real estate investment firm Hamilton Zanze (HZ) partnered with Cantor Fitzgerald to purchase the Rivertop Apartments in Nashville, TN. The transaction closed on October 4th, and property management responsibilities have been transferred to Mission Rock Residential.

The property was recently developed by Birmingham-based LIV Development and was completed in 2019. The property is located at 5800 River Road in West Nashville, and its proximity to the Cumberland River provides scenic views, access to walking trails, and options for outdoor recreation including kayaking, canoeing, and fishing. Downtown Nashville is a short 20-minute drive from the property.

“Rivertop Apartments provided a great opportunity to buy a brand-new property in a great submarket,” said Dave Nelson, Hamilton Zanze’s managing director of transactions. “We are confident that the property’s contemporary vintage, amenity package, and prime location will provide our residents with the quality of life offered in Nashville’s urban core. We are excited about our continued growth in the region.”

The 224-unit luxury apartment community offers large one-, two-, and three-bedroom units ranging between 878 square feet and 1,418 square feet. Rivertop features state-of-the-art amenities and high-end interiors that include granite countertops, ceramic tile backsplashes, stainless steel appliances, wood-style flooring, and private balconies.

Community amenities include a resident clubhouse, resort-style swimming pool, 24-hour fitness center, bocce ball court, dog park, pet spa, and outdoor grills and firepits.

Nashville benefits from a well-established economy driven by a dynamic private sector and a qualified workforce stemming from the presence of top regional universities like Vanderbilt University, Fisk University, and Middle Tennessee State University.

Tennessee’s capital city is known for its music industry, but its educated talent pool and affordable operating costs also make it a top destination for relocating and expanding companies including Gap, LG Electronics, Bridgestone, and Ernst & Young. Continued investments in Nashville resulted in over 15 million annual visitors and $7 billion in visitor spending in 2018.

To learn more about the Rivertop Apartments, please visit www.missionrockresidential.com/apartments/tn/nashville/rivertop/.

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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 billion in multifamily assets primarily in the Western, Southwestern, and Eastern U.S. The company currently owns and operates 82 properties (19,826 units) across 15 states. For additional information, visit www.hamiltonzanze.com



September 27, 2019

Hamilton Zanze Sells The Village at Desert Lakes in Las Vegas

Las Vegas, NV – September 27, 2019 – Hamilton Zanze, a San Francisco-based real estate investment firm, is pleased to announce the sale of The Village at Desert Lakes in Las Vegas, NV. The property is located in The Lakes, a master-planned community in a highly desirable West Las Vegas neighborhood. Hamilton Zanze owned the property for seven years and sold the property on September 26, 2019.

Village at Desert Lakes was built in 1990 at 9155 West Desert Inn Road. The 184-unit, 15-building community features an indoor lap pool and basketball court, attached garages, and large one-, two-, and three-bedroom floor plans averaging 1,024 square feet.

“We are thrilled with our execution with The Village at Desert Lakes,” said David Nelson, Hamilton Zanze’s managing director of transactions. “We were able to raise net operating income significantly through successful unit upgrades and expense control, allowing us to take out a supplemental loan to expand our renovation scope. This is a great outcome for HZ and our investors.”

Hamilton Zanze rebranded the property from Broadstone Desert Lakes to The Village at Desert Lakes in 2012. During their ownership, the company executed a value-add campaign including pool area upgrades, leasing office and clubhouse renovations, new signage, landscaping, and unit renovations. Units were updated with stainless steel appliances, grey cabinetry, quartz countertops, new light fixtures and carpet, and faux wood flooring.

Las Vegas hosts over 40 million visitors annually for its entertainment and gaming industries, and there are currently about $15 billion in construction projects planned in the metro area, including the Madison Square Garden Sphere, Raiders Stadium, a Las Vegas Convention Center expansion, and The Las Vegas Medical District and University of Nevada, Las Vegas Medical School. The Greater Las Vegas economy continues to grow as a result of its high quality of life, strong employment and population growth, and continued investments in the region.

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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 billion in multifamily assets primarily in the Western, Southwestern, and Eastern U.S. The company currently owns and operates 81 properties (19,602 units) across 15 states. For additional information, visit www.hamiltonzanze.com.



September 6, 2019

Hamilton Zanze Acquires Abbotts Run Apartments In Alexandria

Alexandria, VA – September 6, 2019 – National real estate investment firm Hamilton Zanze has acquired the Abbotts Run apartment community in Alexandria, Virginia (Washington D.C. market). The purchase closed on August 29th and property management responsibilities have been transferred to Mission Rock Residential.

Abbotts Run was built in 1988 and is located near the Potomac River in a desirable school district near abundant employment opportunities in Washington D.C. The community offers a mix of one- and two-bedroom units ranging from 693 to 1,352 square feet. Select units are loft style.

Northern Virginia is experiencing substantial growth, and Abbotts Run is strategically located to serve the market,” said David Nelson, Hamilton Zanze’s senior director of acquisitions. “Abbotts Run is an excellent example of what we are looking to acquire, as it offers immediate scale in a strong submarket. We will continue to look for well-located, large assets throughout the Washington D.C. metro.”

Units feature black, hard-surface countertops, tile backsplashes, stainless steel appliances, faux wood flooring, brushed nickel hardware, and in-unit washers and dryers. Community amenities include a 24-hour clubhouse, game room, resort-style swimming pool, playground, tennis and volleyball courts, and outdoor picnic and grilling stations. A private car washing station is also available for resident use.

The majority of units were renovated by the seller. HZ plans to renovate the 17 remaining classic units and update the community’s outdoor lighting and clubhouse space.

Abbotts Run is located in one of the metro’s most affluent submarkets, South Fairfax County, with median home income and median home values more than twice the U.S. average. The county’s economy is centered predominately around the professional services and technology industries, in addition to a thriving higher education market. Amazon’s new HQ2, located only 14.4 miles from Abbotts Run, is expected to create 25,000 new jobs and over $4.3 billion in economic impact.

To learn more about Abbotts Run, please visit www.abbottsrunalexandria.com.

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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 $3.9 billion in multifamily assets primarily in the Western, Southwestern, and Eastern U.S. The company currently owns and operates 81 properties (19,538 units) across 15 states. For additional information, visit www.hamiltonzanze.com



August 7, 2019

Hamilton Zanze Sells The Enclave at 1550 Apartments in San Antonio

San Antonio, TX – August 7, 2019– Multifamily real estate investment firm Hamilton Zanze is pleased to announce the sale of The Enclave at 1550 Apartments in San Antonio, Texas, located just north of downtown San Antonio. The deal closed on August 2, 2019.

The high-rise apartment community comprises 127 one and two-bedroom units totaling 154,413 square feet.

“We traditionally acquire garden style communities, but Enclave 1550 was a unique opportunity for Hamilton Zanze,” said Anthony Ly, senior associate on the Hamilton Zanze Transactions team. “The property is the only high rise in this particular pocket of San Antonio (and one of the few in our portfolio) with amazing downtown views. We were able to attract tenants looking for this product type without having to pay the downtown prices. We are thrilled with the execution of our business plan here and outcome.”

The Enclave at 1550 was built in 1996 and is located eight miles north of downtown San Antonio. The units were renovated during Hamilton Zanze’s ownership with improvements including new appliances, fresh paint, upgraded flooring, kitchen countertop resurfacing, new kitchen and bathroom cabinets, and updated hardware and lighting fixtures.

Shared community spaces were enhanced with new landscaping, updates to the pool and BBQ areas, modern signage, and renovated interiors in the shared clubhouse and business center space. Other improvements included fresh exterior paint and new roofing for the long-term benefit of the building’s waterproofing.

The apartment community’s proximity to major San Antonio employment corridors, transportation, and retail continue to attract new residents to the area. Major area employers include the San Antonio International Airport, South Texas Medical Center, USAA, Fort Sam Houston, and AT&T’s regional office. The San Antonio market continues attract expanding companies due to its geographic location, economic stability, and growing workforce.

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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 $3.9 billion in multifamily assets primarily in the Western, Southwestern, and Eastern U.S. The company currently owns and operates 82 properties (19,655 units) across 15 states. For additional information, visit www.hamiltonzanze.com