
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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