Sponsor profile
Hamilton Zanze is a privately held, San Francisco-based real estate investment firm founded in 2001 that specializes in multifamily value-add investments and sponsors 1031/DST exchange offerings alongside direct cash investments and institutional partnerships. As of Q1 2026 the firm reported a portfolio of 21,820 units across 121 properties in 16 states, with $8.1 billion acquired and $5.1 billion sold since inception. Its DST programs, filed under "HZ" entity names, invest in garden-style and mid-rise apartment communities, with day-to-day operations handled by property-management affiliate Mission Rock Residential.
Platform and scale
Hamilton Zanze operates from San Francisco 1 and concentrates on multifamily value-add investment. In 2024 the firm acquired seven apartment communities while disposing of multiple assets 2. Top1031 tracks 19 Hamilton Zanze programs, most filed under "HZ" entity names such as HZ Steelyard DST, HZ Kirkwood DST, and HZ Village of the Pines DST, with first filings spanning 2020 through 2026 3.
Leadership
In April 2022, Kurt Houtkooper transitioned from President to CEO, succeeding founding partner Mark Hamilton, who remained active in senior leadership; the firm concurrently admitted six internal leaders as partners, expanding its shareholding partnership 4.
Recent acquisition and DST activity
Hamilton Zanze sponsored the acquisition of 1400 Chestnut Apartments, a 200-unit mid-rise community in Chattanooga, Tennessee, in March 2025 6. In June 2025 it acquired two Reno-area garden-style communities totaling 776 units 7, followed by the 272-unit Village of the Pines in Reno, Nevada, in October 2025 8. In February 2026 the firm acquired the 320-unit Fairways on Green Valley in Henderson, Nevada 9 and the 254-unit City Limits in the southern Nashville metro 10. That same month it contributed the 252-home Greens at Van de Water in Loveland, Colorado, as the ninth property of the HZ Evergreen Fund 11, an open-ended vehicle launched in 2024 that lets investors contribute appreciated real estate in exchange for fund shares 5.
Dispositions
Hamilton Zanze reported the January 2026 sale of Villages at Parktown, a 309-unit community in Deer Park, Texas, after an 11-year hold 12, and the March 2026 sale of Tresa at Arrowhead, a 360-unit community in Glendale, Arizona, after a nine-year hold 13.
Property management
Mission Rock Residential, the firm's property-management affiliate, handles day-to-day operations of assets Hamilton Zanze invests in, including the Reno-area, Chattanooga, Nashville-metro, and Henderson communities 14.
Representative completed programs
Among earlier dispositions, Hamilton Zanze reported selling Arches at Hidden Creek Apartments for $55 million in 2016 15, Brittany Lane Apartments for $35.07 million in 2018 16, and Mesa Royale Apartments for $21.75 million in 2017 17.
Sources (17)
- hamiltonzanze.com ↗
- prnewswire.com ↗
- Top1031 sponsor record ↗
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