Hamilton Zanze Acquires Two Maryland Apartment Communities
San Francisco-based
real estate firm Hamilton Zanze has
acquired two apartment communities in Columbia, Maryland, including the Timbers
at Long Reach apartments and the Chimneys of Cradlerock. The deal closed Dec.
31, 2019, with seller Aimco. HZ now owns and operates six
residential apartment communities in the D.C. metro area.
HZ’s capital
improvements plans for the properties include exterior maintenance and
improvements, landscaping and interior unit renovations. At the Chimneys of
Cradlerock, the property will receive upgrades to its community amenities and
security systems as well.
