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Hamilton Zanze Returns to St. Louis with $46M Buy

San Francisco-based Hamilton Zanze (HZ) has acquired the 170-unit Steelyard & IceHouse Apartments in St. Louis for a reported $45.9 million. The deal marks the firm’s fifth acquisition of the year, second property in St. Louis, and first self-sponsored Delaware Statutory Trust.

The project’s developer, LuxLiving, first renovated a 1924 warehouse (The IceHouse) in 2016 to create 42 lofts. An additional 128 units (The Steelyard) were built on a neighboring lot formerly home to several small warehouses and industrial structures.

“Steelyard & IceHouse provided us an attractive opportunity to buy a new property in the up-and-coming neighborhood of Soulard,” said David Nelson, Hamilton Zanze’s managing director of acquisitions. “As this is our second acquisition in the metro within the last six months, we are excited about our continued growth in the region.”

Property management has been transferred to affiliated company Mission Rock Residential.

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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 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 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).