#United States #Hamilton Zanze #Williamsburg #Parkway Apartments #Williamsburg VA

Hamilton Zanze Successfully Completes Sale of Parkway Apartments

Hamilton Zanze, a prominent multifamily real estate investment firm based in San Francisco, has announced the successful sale of Parkway Apartments, a garden-style community comprising 148 units located in Williamsburg, Virginia. This significant transaction was finalized on July 30, 2025, following the acquisition of the property that took place back in January 2018.

During its seven years of ownership, Hamilton Zanze implemented a variety of upgrades to enhance the community, which included a thorough remodeling of the clubhouse and the installation of environmentally friendly plumbing systems. These improvements reflect the company's commitment to sustainability and modern living standards.

Founded in 2001, Hamilton Zanze has continued to expand its footprint in the real estate market, now managing over $6.9 billion in multifamily assets across the country. This sale marks their second disposition of the year 2025. The successful execution of this sale during a challenging cycle for transaction activity underscores the firm's expertise and strategic approach in real estate investments.

Parkway Apartments Features

Parkway Apartments, built in 1974, offers a range of residential options with one, two, and three-bedroom homes, some of which are as spacious as 1,350 square feet. The complex is conveniently located just a brief commute from downtown Williamsburg, allowing residents easy access to a variety of shopping and dining options.

The property consists of five separate buildings and boasts several amenities designed to enhance the living experience. Residents can enjoy a swimming pool, barbecue and picnic areas, a coffee bar, a playground, and laundry facilities—all complemented by a digital package locker system for added convenience. The fitness center on-site is equipped with state-of-the-art exercise equipment, and the resident clubhouse serves as a gathering spot for community events.

Each home is thoughtfully designed with features such as oak cabinetry, separate dining areas, walk-in closets, and the option of private patios or balconies. Select apartments also come equipped with washer and dryer connections, catering to modern living needs.

Community Highlights

The location of Parkway Apartments offers residents proximity to numerous recreational opportunities, including popular amusement parks like Busch Gardens and outdoor adventure spaces such as Go Ape Zipline and Adventure Park. Additionally, essential grocery stores are nearby to meet daily shopping requirements, including Food Lion, Terrace Grocery, and Harris Teeter.

Anthony Ly, Senior Director of Dispositions at Hamilton Zanze, expressed satisfaction with the completion of the sale, stating, "We are very pleased to complete the disposition of Parkway Apartments. Our team is delighted to execute this disposition during a tough cycle for transaction activity, and we believe the seven-year ownership and ensuing sale of this asset represent a significant win for our investors."

Looking Ahead

The success of Parkway Apartments reaffirms Hamilton Zanze's strategic approach to real estate investments and improvements under its management. With a portfolio that currently includes 122 properties comprising 21,326 units across 28 markets, the firm remains dedicated to upholding the highest standards in property management and investment for its clients. As the real estate market continues to evolve, Hamilton Zanze's expert team looks forward to exploring new opportunities for growth and innovation in the multifamily housing sector. For more information about their investment strategies or portfolio, visit Hamilton Zanze's Website.