Hamilton Zanze Expands Portfolio with New Apartment Acquisition
Hamilton Zanze Expands Portfolio with New Apartment Acquisition
Midrise Apartment Community Features 200 Homes
Hamilton Zanze, a prominent multifamily real estate investment firm based in San Francisco, has successfully sponsored the purchase of 1400 Chestnut Apartments. This acquisition marks a significant addition to the company’s portfolio, as it now includes a valuable midrise apartment community comprising 200 homes.
Situated strategically in proximity to City Center, the operations have been entrusted to Mission Rock Residential, an affiliate of Hamilton Zanze. With its prime location just south of the vibrant downtown area and near key landmarks such as the University of Tennessee at Chattanooga, the property is poised to attract residents seeking quality living options.
Quality Living in a Prime Location
David Nelson, the president and chief investment officer at Hamilton Zanze, expressed excitement regarding the acquisition, highlighting the opportunity to secure a high-quality community in a submarket characterized by limited supply. The property's attractiveness is further enhanced by its closeness to transformative developments, including the expansive 120-acre mixed-use community known as The Bend and the new stadium for the Chattanooga Lookouts.
1400 Chestnut was constructed in 2017 and offers both one- and two-bedroom apartments. The homes feature modern amenities, including stainless steel appliances, hardwood-style flooring, quartz countertops, shaker cabinetry, and convenient in-home washers and dryers. Sizes of the apartments range from 672 to 1,202 square feet, which cater to a variety of living arrangements.
Aside from the individual units, the community offers an array of common-area amenities. These include a saltwater pool equipped with a sundeck, fire pits, and grills for residents to enjoy. Moreover, amenities such as a resident clubhouse, business center, private office space, media lounge, coffee bar, pet spa, and an onsite fitness center are designed to enhance the living experience.
Community Accessibility and Attractions
Residents of 1400 Chestnut will find themselves within a short walk or commute to City Center, the commercial heart of downtown Chattanooga, which boasts a rich selection of retail, dining, and cultural experiences. Notably, the community is conveniently located near the Chattanooga Farmers Market and Whole Foods Market, contributing to a lifestyle that prioritizes accessibility to essentials.
The surroundings are well-connected via various transit options that facilitate movement throughout the greater metropolitan area, adding to the convenience of living in this well-managed property. This acquisition exemplifies Hamilton Zanze's continued commitment to investing in quality communities.
About Hamilton Zanze
Hamilton Zanze is a private, San Francisco-based real estate investment company recognized for its commitment to excellence in multifamily investments. Established in 2001, the firm has successfully sponsored the acquisition of over $7.5 billion in multifamily assets primarily across the Western, Southwestern, and Eastern U.S. markets.
The company's strategic focus has led to an impressive portfolio comprising 123 properties with a total of 21,777 units spread throughout 28 markets. Hamilton Zanze continues to explore opportunities to grow and enhance its portfolio, ensuring a quality living environment for residents.
Frequently Asked Questions
What type of apartments are available at 1400 Chestnut?
1400 Chestnut offers both one- and two-bedroom apartments ranging from 672 to 1,202 square feet.
What amenities can residents expect?
Residents will enjoy amenities including a saltwater pool, fitness center, resident clubhouse, and pet spa among others.
Where is 1400 Chestnut located?
The property is located just south of the City Center, near various attractions and essential services.
Who manages the property?
Mission Rock Residential, an affiliate of Hamilton Zanze, has taken on the management responsibilities for 1400 Chestnut.
What is Hamilton Zanze's approach to real estate investments?
Hamilton Zanze is committed to high standards in real estate investments, focusing on quality multifamily properties in strategic locations.
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