Hamilton Zanze acquires two apartment communities in Columbia, Md.

Hamilton Zanze (HZ) has acquired two apartment communities in Columbia, Md., including the Timbers at Long Reach apartments and the Chimneys of Cradlerock.

The seller was Aimco.

Built in 1979, Timbers at Long Reach features 178 residential units and was 98 percent occupied at the time of purchase.

The Chimneys at Cradlerock, also opened in 1979, offers 198 units and was 95 percent occupied as of the date of purchase.

Both properties are garden-style communities with onsite Luxor One package lockers, dog parks and onsite walking paths. Spacious units feature washers and dryers, walk-in closets, and private patios and balconies.

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 additional upgrades to its community amenities and security systems, as well.

With the acquisition, HZ owns and operates