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Hamilton Zanze Enters Tucson with $47M MF Portfolio

TUCSON, AZ-The San Francisco-based firm buys seven properties totaling 1,566 units here for $46.5 million - its largest buy this year.

By Jennifer Duell Popovec | Updated on August 22, 2010

TUCSON, AZ-Hamilton Zanze & Co. has entered the local apartment market in a big way: the San Francisco-based firm purchased a seven-property, 1,566-unit portfolio for $46.5 million. This acquisition represents the firm’s largest acquisition this year and increases the company’s portfolio to 14,000 units in fourteen markets and eight Western states including 737 units in metro Phoenix.

The class B portfolio includes Palomino Crossing (240 units), Lakeside Casitas (310 units), Hampton Park (160 units), Cordova Village (322 units), Solano Springs (152 units), San Mateo (254 units), and Highland Woods (128 units). The portfolio was placed into receivership in October 2009, and one asset, Palomino Crossing, was foreclosed by the lender during the sales process.

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