Jefferson Square at Washington Hill
Multifamily property — sponsored by Hamilton Zanze
Files with the SEC as HZ Jefferson Square DST
Minimum investment
$25k
Offering size
$27.1M
How much has sold
79.0%
Asset type
Multifamily property
Location
Not stated
Financing
All cash. This offering reports no mortgage debt.
Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
Jefferson Square at Washington Hill is a Baltimore apartment community held in a Delaware statutory trust (DST), the structure that lets 1031 exchange investors own fractional interests in real property. Hamilton Zanze bought it in May 2022 at 101 North Wolfe Street, next to the Johns Hopkins medical campus.1 Trade coverage reported a rebrand to The Tala at Washington Hill.2 One Form D covers the offering.
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These links support the historical public record; individual details may come from different sources.
On a 45-day clock? Find day 45 and day 180 from the sale date, then come back to this record.
What exactly is the property?
Jefferson Apartment Group delivered the five-story mixed-use building in 2014, adjacent to the Johns Hopkins Medical and Research Campus in East Baltimore.3 Ground-floor retail has included a CVS Pharmacy, a BB&T bank branch and restaurants, alongside a 405-space parking structure connected to the building.3 Hamilton Zanze acquired the community from Lowe Enterprises in May 2022 and rebranded it The Tala at Washington Hill.2
- Property size
- 304 units
Who is the tenant, and what's the lease?
This is an apartment property, so income comes from many individual resident leases that typically turn over each year rather than from one corporate tenant on a long contract. Mission Rock Residential was brought in to manage the community after the 2022 purchase and still markets it today.4
How did it end?
No ending on record
No public full-cycle, sale, foreclosure, or 721 UPREIT announcement was located for the HZ Jefferson Square DST or its underlying property (Jefferson Square at Washington Hill, Baltimore, MD); the property is not among the assets listed on Hamilton Zanze's HZ Evergreen Fund contribution page.
The property is described as a five-story mixed-use development adjacent to Johns Hopkins; Hamilton Zanze and trade coverage report 304 units.
304 unitsSupporting evidence
How is it financed, and what does it pay?
Neither the Form D nor Hamilton Zanze's public announcements identify a lender or mortgage for this Trust, so whether the offering is leveraged or all-cash is not established in the public record.
Who's behind it?
Hamilton Zanze is a multifamily investor that announced the Baltimore purchase on May 5, 2022 and placed the community with Mission Rock Residential.1 It runs a program of DST offerings aimed at 1031 exchange investors, of which this Trust is one. The Form D names HZ Jefferson Square Trust Manager, LLC as the Trust's signatory trustee, with HZ Perpetual Income Fund OP, LLC identified as that manager's sole member.5
- Sponsor
- Hamilton Zanze
- Legal Trust name
- HZ Jefferson Square DST
- May convert to a REIT
- No
- Offerings from this sponsor
- 3 active / 18 total offerings from Hamilton Zanze
Reported by the sponsor. Top1031 does not independently audit sponsor-reported figures.
What does the paperwork say?
The Form D — the short notice private offerings file with the SEC — was submitted as a new notice rather than an amendment, and reports a first sale on May 4, 2022.5 Interests were offered privately to accredited investors, meaning people meeting SEC income or net-worth tests, without general advertising.
- Form D filedFirst and latest filing on record.
- Filings on record
- 1
- How it may be offered
- Rule 506(b)Not advertised publicly. Offered through existing relationships.
- Source filing
- Read the filings on SEC EDGAR
A Form D is the notice a sponsor files when it starts raising money. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
DST interests are illiquid private securities. You may lose some or all of your investment. Distributions, tax treatment, and exit timing are not guaranteed. Review the current Private Placement Memorandum before investing.
Common questions
What happened to Jefferson Square at Washington Hill?
Top1031 lists Jefferson Square at Washington Hill as historical. It is no longer raising money.
Where does Top1031 get the data for Jefferson Square at Washington Hill?
Top1031 builds this record from the sponsor’s own SEC filings and cited sponsor disclosures. Filings can lag what is happening now. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
What is the property called today?
It was developed and marketed as Jefferson Square at Washington Hill. After Hamilton Zanze acquired it in May 2022, trade coverage reported the community was being rebranded The Tala at Washington Hill. As of August 21, 2026, Mission Rock Residential's official page markets The Tala at Washington Hill at 101 N Wolfe St, Baltimore, MD 21231, with studio, one- and two-bedroom homes.
Is this Trust still open to new investors?
Top1031 lists it in the raising tier based on its Form D, but the SEC record for the Trust contains only the original notice filed May 24, 2022 — no amendment or later filing appears. Because Form D is not updated continuously, current availability is not established by the public record and would have to be confirmed with the sponsor or a selling broker-dealer.
How occupied was the property when it was bought?
Multi-Housing News reported on May 6, 2022 that the community was 97.4 percent occupied at the time of Hamilton Zanze's acquisition. That is an acquisition-era figure; no current property-wide occupancy number was found in the sources reviewed.
What did the sponsor's affiliates receive from the offering?
Item 15 of the Form D reports $1,889,168 in compensation to promoters or affiliates: a $335,418 financing fee, $1,380,000 in property acquisition fees, $163,750 in organizational and offering fees, and a $10,000 legal acquisition fee. The PPM, not the Form D, is where an investor would find the full fee schedule and ongoing costs.
Is there litigation involving this Trust?
The White Law Group, an investor-claims law firm, published a page titled "HZ Jefferson Square DST: Investor Lawsuit" on May 14, 2025, describing the offering and an investigation. Law-firm investigation pages are marketing for potential claimants and are not court records; no complaint, docket, or FINRA arbitration tied to this Trust was located in the sources reviewed.
Can this Trust convert into a REIT?
The record does not show a 721/UPREIT exit — the arrangement in which DST interests are contributed to a REIT's operating partnership in exchange for OP units. The Trust is presented without that feature, so an investor evaluating exit paths should read the PPM's disposition section directly.
Chapter 9Multifamily Investor Hamilton Zanze Acquires Baltimore Apartment CommunityHamilton Zanze announced its acquisition of the 304-unit Jefferson Square at Washington Hill apartment community in Baltimore.