Hamilton Zanze has sold Fountains at Steeplechase, an apartment community in Plano, Texas.
Fountains at Steeplechase was built in 1985 and is located at 7301 Alma Drive. The firm purchased the garden-style property in 2013. During the firm’s ownership period, Hamilton Zanze replaced the roof, upgraded windows, improved resident amenities, including the installation of a dog park, and added a model unit to improve leasing efforts and increase rental rates.
The property comprises 368 units with upgraded appliances, new flooring, resurfaced countertops and upgraded hardware. Steeplechase’s one- and two-bedroom units average 857 square feet for a total of 315,368 rentable square feet. Community amenities include a clubhouse and fitness center, outdoor pool and fire pit, business center, playground, and dog park.
“We initially implemented a business plan that focused on stabilizing occupancy and operations. However, Plano’s incredible growth during our hold
