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Washington DC & Mid-Atlantic  + Apartments  |  January 21, 2020
David Cohen
By: David Cohen

Hamilton Zanze Snags 196-Unit Virginia Beach Apartment Community

San Francisco-based real estate firm Hamilton Zanze has acquired Indigo 19, a 196-unit, five-story apartment community in Virginia Beach. The sales price was not disclosed.

Located at 1940 Pavilion Dr., the community features an average unit size of 931 square feet. Amenities include a resort-style pool, grilling stations, a two-story clubhouse, fitness center and valet dry cleaning. The neighborhood was built in 2013 and was 95% occupied at the time of the sale. Hamilton Zanze plans to implement a capital improvements plan which will address general roof maintenance, fire and life safety improvements, and HVAC maintenance.

Property management responsibilities have been transferred to Denver-based multifamily management company Mission Rock Residential. The seller was not disclosed.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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