Hamilton Zanze Expands Portfolio with Two New Reno Apartment Communities

Hamilton Zanze Expands Portfolio with New Acquisitions in Reno Area

Hamilton Zanze, a prominent real estate investment firm based in San Francisco, has recently upped its game by making significant strides in the Reno metropolitan area through the acquisition of two key properties: Lakeview and Sand Pebble/Spanish Oaks. This strategic investment was finalized on June 30, 2025, and promises to enhance the firm’s already substantial portfolio in multifamily housing.

The Lakeview community, boasting 328 residential units, is ideally located at 2600 East Shore Drive in Reno and offers picturesque views of Virginia Lake. Its amenities include a swimming pool, picnic areas, a basketball court, and an onsite gym—features that enhance the living experience for its residents. Additionally, the property provides easy access to numerous biking and jogging paths, several golf courses, and local shopping centers, all while being comfortably close to the Reno Convention Center.

On the flip side, the Sand Pebble/Spanish Oaks property, situated at 1877 El Rancho Drive in nearby Sparks, comprises 448 units and includes various leisure amenities such as a resident clubhouse, a sauna spa, and sports courts. Originally built in 1983, this two-story community is designed to be accommodating and convenient, featuring units with fireplaces, air conditioning, and private balconies.

David Nelson, the president and chief investment officer of Hamilton Zanze, expressed enthusiasm over expanding into Reno, underscoring the area's strong economic indicators and favorable business environment. He noted a limited supply of multifamily properties in the region, paired with recent investments from major players like Amazon and Tesla, which positions Reno for significant rental growth. Hamilton Zanze aims to conduct strategic renovations and enhancements to maximize the potential of these properties.

Furthermore, Hamilton Zanze undertook this transaction through its HZ Capital Partners Fund I, in partnership with New York Life Real Estate Partners. Given the broader outlook for Reno’s multifamily market, this collaboration opens doors for further value creation, ensuring that both properties are not only maintained but elevated to meet modern living standards.

As a testament to its stability and growth trajectory, Hamilton Zanze continues to thrive within the competitive landscape of real estate investing. With over $7.5 billion in multifamily assets acquired since its inception in 2001, the firm has established itself as a leader in the sector. Its portfolio now spans 123 properties across 28 markets across the Western, Southwestern, and Eastern United States.

The acquisition of these two communities marks Hamilton Zanze’s third and fourth investments of 2025, reinforcing a commitment to fostering thriving living environments.

Overall, this move is not only about acquiring real estate; it symbolizes Hamilton Zanze's dedication to improving the quality of life for residents in the communities where it operates. With strategic upgrades planned and a commitment to tenant satisfaction, Hamilton Zanze is poised to make significant contributions to the Reno housing market, further solidifying its role as a major player in multifamily real estate investment.