by Units Magazine
Units Magazine recently had the pleasure to speak with David Nelson, President and Chief Investment Officer of Hamilton Zanze, about the company’s strategy moving forward as well as the economic sentiment in the rental housing industry.
Describe Hamilton Zanze’s portfolio. What types of apartment communities do you own, and where are your properties located?
Nelson: We completed our first acquisition in 2001, and since then, our portfolio has grown to 20,815 units across 117 properties in 15 states.
We primarily seek properties with the following attributes: Class B or better, 1990s vintage or newer, with value-add to core-plus returns. We target institutional-quality assets with opportunities for operational and economic improvements in markets with sustainable, long-term employment and population growth trends. We prefer long-term, fixed-rate financing, with leverage up to 75% loan-to-value.
Read the article in Units Magazine.