Transaction Bolsters Growing Firm's Presence
in Kansas City
SAN
FRANCISCO, July 24, 2024 /PRNewswire/ -- Hamilton
Zanze, a San Francisco-based real
estate investment firm that owns and operates multifamily
communities nationwide, today announced it has purchased Crossroads
Westside, a 222-unit apartment community in downtown Kansas City, Mo. The acquisition closed on
July 23. Mission Rock Residential, an
affiliate of Hamilton Zanze, has assumed management of the
property.
"We are excited to expand our presence in the Kansas City metro through the acquisition of
Crossroads Westside," said David
Nelson, President and Chief Investment Officer at Hamilton
Zanze. "Our Kansas City properties are some of the
highest-performing assets in our portfolio, and Crossroads Westside
is expected to enhance that performance through its stable,
above-market cash yield, resilient resident base and Mission Rock's
institutional property management practices. Kansas City is a market touted for its
attractive apartment supply dynamics, robust workforce and
persistent occupancy, so we hope to capitalize through continued
expansion in the market."
Situated at 601 Avenida Cesar E Chavez, Crossroads Westside was
built in 2018 and offers one- and two-bedroom apartment homes.
Units range in size from 614 square feet to 1,252 square feet.
Homes feature stainless steel appliances, granite countertops,
designer glass tile backsplashes, ceiling fans, modern lighting,
wood floors, private patios/balconies, thoughtfully designed
open-concept floor plans and striking views of the surrounding
area. Community amenities include a saltwater pool, dog spa, modern
fitness center, expansive sundeck, private art garden, business
center, co-working spaces, fire pit, arcade and entertainment
lounge.
Crossroads Westside is located within the historic Crossroads
Art District, a charming neighborhood with a collection of boutique
shops, restaurants, coffee bars, brewpubs, studios and art
galleries. Residents also have easy access to Pennway Point, a new
family-friendly entertainment district, and are within walking
distance of the Kauffman Center for the Performing Arts and two
popular shopping districts: Crown Center, which includes Hallmark's
international headquarters and the renowned Hallmark Visitors
Center, and Country Club Plaza.
This transaction represents Hamilton Zanze's fourth 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 124 properties (21,524 units) across
28 markets. For additional information, visit
www.hamiltonzanze.com.
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SOURCE Hamilton Zanze & Company