Hamilton Zanze Makes North Carolina Debut with Charlotte Acquisition
San Francisco-based real estate firm Hamilton Zanze (HZ) has acquired the 377-unit Blu at Northline Apartments in Charlotte, NC. This represents HZ’’s first acquisition in the state.
The community, built in 2018, is just northeast of Downtown Charlotte and was 95% occupied at purchase. “Blu at Northline presented us a great opportunity to buy a Class A asset in Charlotte,” said David Nelson, HZ’s chief transactions officer.
“The property features a robust amenity package, a prime location in the University City submarket along the Lynx Blue Line and offers residents the quality of life provided by the city’s energetic urban core,” he continued. “As this is our first acquisition in North Carolina, we’re very excited to enter the Charlotte market and look forward to continued growth in the region.”
The Kirkland Company’s North Carolina team, led by Dennis Harris, Matt Behr, and Austin Haney, arranged the sale.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-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 15-20 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).