Hamilton Zanze has partnered with DCA Partners to acquire the 255-unit Residences at Waterstone in Pikesville, MD. The purchase represents HZ’s thirteenth acquisition in the state.

Cushman & Wakefield represented both buyer and seller in the transaction.

The property, built in 2002, on Galvariun Court in the Owings Mills/Pikesville/Randallstown submarket about 15 miles from Downtown Baltimore. The 255 units have both balconies and attached garages, while amenities include a fitness center, pool with a sundeck, movie theater, tennis courts and a dog park.

HZ’s capital improvements will include site improvements, building repairs, amenity improvements, continuing the unit renovation campaign implemented by the seller, and sustainability updates. Management of the property has been transitioned to HZ affiliate Mission Rock Residential.