Hamilton Zanze, a San Francisco-based multifamily real estate investment firm, announced it has sponsored the purchase of 1400 Chestnut Apartments, a 200-home midrise apartment community in Chattanooga, Tenn. The acquisition closed March 11.
Mission Rock Residential, an affiliate of Hamilton Zanze, has assumed management of the property, which sits just south of the City Center neighborhood and approximately one mile from the University of Tennessee at Chattanooga.
“We are thrilled to announce the acquisition of 1400 Chestnut, our third property in the city,” said David Nelson, president and chief investment officer at Hamilton Zanze. “This acquisition presents an opportunity to secure a high-quality community in a submarket with limited incoming supply. The property’s prime location, near the transformative developments of The Bend, a 120-acre mixed-use community, and the new stadium for the Chattanooga Lookouts, further enhances its appeal.”
Located
