Hamilton Zanze, a San Francisco-based multifamily real estate investment firm, has sponsored the purchase of The Morris, a 19-story, 344-unit Class A apartment community in Nashville.
The acquisition closed on Aug. 16 and the financial terms of the transaction were not announced. Hamilton Zanze sponsored the transaction through HZ Capital Partners Fund I, its discretionary fund that targets the acquisition of multifamily properties, alongside joint venture partner Lionstone Investments. Mission Rock Residential, an affiliate of Hamilton Zanze, has assumed management of the property.
The Morris was built in 2017 and features a rooftop pool with glass overlook, professional-quality music studio, rooftop performance venue, a 19th-floor sky lounge, fitness center and a private yoga studio. The property is located in the heart of Nashville’s historic Music Row and is immediately proximate to Vanderbilt University and Vanderbilt Hospital.
“We are pleased to sponsor the acquisition of this exceptional multifamily asset,” said David Nelson, president and chief investment officer at Hamilton Zanze. “This is a transaction in which our relationships and persistence produced a generational piece of real estate at a time of dislocation in core, infill multifamily. The Morris is well-positioned to capture future growth as supply slows down over the next 18 to 24 months.”
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