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Chicago & Midwest  + Midwest  + Apartments  | 

Hamilton Zanze Makes 2nd Buy in KC Market, 1st in Missouri

Weeks after entering the Kansas City market, San Francisco-based real estate investment firm Hamilton Zanze has made its second acquisition in the metro area, and its first in Missouri. The deal for the 420-unit Cornerstone Apartments in Independence, MO follows Hamilton Zanze’s buy of a 272-unit property in Overland Park, KS.

Deal terms weren’t disclosed. The 14-building Cornerstone community was built in 2004 and is located near Interstate 70 and Independence Center Mall. The complex offers a mix of one and two-bedroom units.

“Cornerstone Apartments represented an opportunity to acquire a well-located asset at an attractive discount to its replacement cost,” said David Nelson, Hamilton Zanze’s managing director of acquisitions.

He added, “Kansas City has been a target market for Hamilton Zanze in the past two years, and we will continue to look for further opportunities throughout the Kansas City metro in the months to come.”

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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