HZ CEO and co-founder Mark Hamilton joined Real Estate Investing for Cash Flow host Kevin Bupp to discuss his own career in real estate and the company’s growth as we have expanded our portfolio into new and evolving markets.
Check out the full episode below and visit Real Estate Investing for Cash Flow for notes from the show and more episodes of the podcast.
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.
Hamilton Zanze was recently featured in RE Business Online for their recent acquisition of Rivertop Apartments.
Read the full article at Re Business Online.
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.
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.
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.
HZ is proud to congratulate Patricia Hutchison, president of HZ’s property management partner Mission Rock Residential, on being named the 2019 Multifamily Executive of the Year by Multifamily Executive Magazine.
Multifamily Executive writes:
Launched in 2012, Mission Rock has 675 employees and manages more than 25,000 units in 15 states. It is undergoing rapid growth, onboarding 1,900 units in the past six months alone. “When we decided to create Mission Rock, my partner, Mark Hamilton, and I both knew she would make a highly qualified candidate, able to take the company far,” says Tony Zanze, co-founder of Hamilton Zanze. “At the time, we had no idea just how far and how quickly that would happen.”Read more at MultifamilyExecutive.com
Hamilton Zanze’s acquisitions of 865 Bellevue and Post Ridge Apartments were recently featured in Multi-Housing News as one of the top-5 multifamily transactions in Nashville:
Investors, developers and employers have long touted Nashville, Tenn., as a city on the rise. Boasting considerable population, job and rent growth, there are many opportunities in the metro across all real estate asset types. Multifamily properties continue to perform well, evidenced by rising rents and nearly $500 million in deals closed in the first half of the year.
2. 865 Bellevue and Post Ridge Apartments
Hamilton Zanze entered the metro with a bang in April with the $80.2 million acquisition of two communities from Aimco. The properties total 476 units and are both located in the Bellevue submarket. Cantor Fitzgerald partnered with Hamilton Zanze to purchase the 326-unit 865 Bellevue Apartments, and two private investors joined forces with the buyer on the 150-unit Post Ridge Apartments buy. KeyBank provided acquisition financing for the deal through Fannie Mae. The $36.8 million mortgage encumbering 865 Bellevue carries a 4.04 percent interest rate over a 10-year term, while the smaller, 10-year loan of $18.1 million on Post Ridge bears a fixed, 4.37 percent interest rate.
Read the full article at Multi-Housing News.
Hamilton Zanze’s sale of The Enclave at Water’s Edge was recently featured in the Connect Texas – Commercial Real Estate News:
Multifamily investor Hamilton Zanze ended its hold on the 184-unit Enclave at Water’s Edge, selling the north Austin apartment complex to LEDIC Realty Co. The Memphis-based buyer acquired the apartment complex, situated near Austin’s massive mixed-use Domain development, for a value-add play.
Enclave at Water’s Edge is situated on 6.6 acres at 12330 Metric Blvd. The property offers studios, and one- and two-bedroom units. Amenities include three resort-style swimming pools, a barbecue and picnic area, laundry facilities, fitness center, a new fire pit and 24-hour fitness center.
Hamilton Zanze’s acquisition of Post Ridge Apartments was recently featured in the Nashville Post:
A San Francisco-based apartment-focused real estate investment company has paid a collective approximately $80.2 million for two Bellevue garden style rental residential properties.
Hamilton Zanze Co., which has made its initial foray into the state with the deals, paid $23.5 million for the Post Ridge Apartments at 595 Hicks Road. The seller was Atlanta-based Post Ridge Associates, which acquired the property in 1987 via a quitclaim deed deal for which Metro records show no dollar amount.
Built in 1972, Post Ridge is home to 150 units. The $23.5 million purchase price is the equivalent of about $156,700 per apartment.