Built in 2022, the Property Sits in Booming
Intown Tampa Neighborhood
SAN
FRANCISCO, June 25, 2024 /PRNewswire/
-- Hamilton Zanze, a San
Francisco-based real estate investment firm that owns and
operates multifamily communities nationwide, today announced it has
purchased Jade at North Hyde Park, a 192-unit apartment community
in the North Hyde Park neighborhood in Tampa, Fla. The acquisition closed on
June 20 and marks Hamilton Zanze's
entry into the Florida market as
it continues to expand its national portfolio.
"We are excited to announce our first acquisition in
Florida," said David Nelson, President and Chief Investment
Officer at Hamilton Zane. "After monitoring the market for several
years, we have secured an infill property in Tampa at a meaningful discount to replacement
cost. This is the right asset, at the right time. We look forward
to utilizing our broker and owner relationships to further expand
HZ's portfolio into Florida."
Situated at 608 N. Willow Ave., Jade at North Hyde Park was
built in 2022 and offers studio, one-, two-, three- and
four-bedroom apartment homes. Units range in size from 463 square
feet to 1,421 square feet. Apartment features include abundant
natural lighting, stainless-steel appliances, quartz countertops,
undermount sinks, vinyl plank and carpeted flooring, smart home
systems, electronic locks, washers, dryers and built-in wine
storage in select homes. Community amenities include a fitness
center with strength and cardio equipment, independent co-working
spaces and conference room, courtyard pool with adjacent outdoor
yoga lawn, onsite pet spa, garage parking, secured parcel receiving
room and bicycle storage.
Jade at North Hyde Park also offers an easy commute to downtown
Tampa, The University of Tampa, Armature Works, Ybor City and the Tampa Riverwalk. In
addition, the Green Spine urban commuter trail allows residents to
walk or bike to restaurants and recreational attractions throughout
the area.
The sale represents Hamilton Zanze's third acquisition in
2024.
About Hamilton Zanze
Hamilton Zanze is a private,
San Francisco-based real estate
investment company that owns and operates apartment communities
with the highest standards. Since its founding in 2001, Hamilton
Zanze has acquired over $6.9 billion
in multifamily assets primarily in the Western,
Southwestern and Eastern U.S. The company currently owns and
operates 119 properties (21,725 units) across 27 markets. For
additional information, visit www.hamiltonzanze.com.
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SOURCE Hamilton Zanze & Company