Hamilton Zanze Expands HZ Evergreen Fund with New Multifamily Properties

Hamilton Zanze Expands HZ Evergreen Fund

Hamilton Zanze, a prominent real estate investment firm based in San Francisco, has recently announced an impressive expansion of its HZ Evergreen Fund. The addition of two new multifamily properties, Ecco Apartments in Eugene, Oregon, and The Kingson in Fredericksburg, Virginia, brings the total number of holdings in the fund to twelve properties. This marks a significant milestone as the fund aims to provide investors with a diversified, long-term investment opportunity in the multifamily sector.

Overview of the New Properties

Ecco Apartments

Located near the picturesque Willamette River in Eugene, Oregon, Ecco Apartments is a garden-style Class B+ community established in 2015. Spanning nearly seven acres, this property consists of 192 residential units spread across 14 three-story buildings. Each unit features modern amenities such as granite countertops, breakfast bars, washers, dryers, and high ceilings. Notably, its proximity to Downtown Eugene—just 4.4 miles away—positions it favorably near various professional, technology, medical, and government services. Moreover, the University of Oregon, a major local employer and educational institution, lies only 5.3 miles from Ecco, ensuring a steady influx of potential residents.

The Kingson

In addition to Ecco, Hamilton Zanze has acquired The Kingson, a Class A garden-style community consisting of 240 units in historic Fredericksburg, Virginia. Nestled within the greater Washington, D.C. metropolitan area, The Kingson boasts a strategic location that offers residents easy access to shopping and dining options. The units are designed with modern touches including granite countertops and stainless steel appliances, while shared amenities such as a business center, fitness center, and grand lobby enhance the overall living experience.

Fund Performance and Strategy

The expansion of the HZ Evergreen Fund reflects its growing net asset value, which currently exceeds $340 million, while the gross asset value has surpassed $800 million. With this expansion, the Fund's portfolio now spans six states including Arizona, Colorado, Kansas, Oregon, Virginia, and Washington, boasting an average property vintage of 1997. Kurt Houtkooper, CEO of Hamilton Zanze, emphasized that these new additions symbolize not just an increase in number, but also a strategic move towards further diversification and growth for the fund.

The Kingson establishes an important presence on the East Coast, while Ecco enhances their footprint in Oregon's stable rental market, particularly given its proximity to the university. As the Fund continues to evolve, Hamilton Zanze remains committed to providing investors with predictable income, tax efficiency, and long-term value creation.

About the HZ Evergreen Fund

Launched in August 2024, the HZ Evergreen Fund is Hamilton Zanze's primary long-term investment vehicle, which consolidates institutional-quality multifamily assets into a large, actively managed portfolio across high-growth markets in the U.S. This fund is designed to enhance investor diversification by offering durable, tax-efficient distributions and allowing for streamlined estate planning through single K-1 tax reporting. Furthermore, it supports tax-deferred 721 exchanges, facilitating property ownership transitions into fund units.

With the ongoing success and momentum of the fund, Hamilton Zanze is aiming for a target of 50 high-quality multifamily communities, striving to continually meet the needs and expectations of its investors.

For more information about the HZ Evergreen Fund, visit hamiltonzanze.com/evergreen-fund.

About Hamilton Zanze

Founded in 2001, Hamilton Zanze is a private real estate investment firm recognized for its high ethical standards and commitment to excellence. With a total transaction volume exceeding $14.9 billion in multifamily assets, the firm manages a portfolio that currently encompasses 87 ventures, representing 24,916 units across 29 markets in the United States. Their focus remains on delivering premium investment opportunities while maintaining their reputation for reliability and innovation in the real estate sector.