Hamilton Zanze Sells Multifamily Community in Boise Metro

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Hamilton Zanze

Oct 27, 2022, 08:39 ET

BOISE, Idaho, Oct. 27, 2022 /PRNewswire/ -- San Francisco-based real estate investment firm Hamilton Zanze is pleased to announce the sale of Selway Apartments in Meridian, Idaho. The firm purchased the property in 2013 and the sale closed on October 14, 2022. The sale of Selway Apartments represents the firm's ninth disposition of 2022.

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The Selway Apartments in Meridian, Idaho have been sold by investment firm Hamilton Zanze.
The Selway Apartments in Meridian, Idaho have been sold by investment firm Hamilton Zanze.
The apartments were built in 2009 and include 171 residential apartment units averaging 942 square feet per unit.
The apartments were built in 2009 and include 171 residential apartment units averaging 942 square feet per unit.

"Selway was right down the fairway for Hamilton Zanze. Its size, vintage, and the Boise submarket itself all presented exciting opportunities at the time of acquisition," said Anthony Ly, director of dispositions at Hamilton Zanze. "We are elated to have executed on this deal and delivered a positive outcome for our investors."

During their ownership, Hamilton Zanze completed numerous exterior and landscaping improvements, upgraded community amenities and renovated units with new backsplashes, appliances, and hardware to improve leasing efforts and increase rental rates.

The Selway Apartments were built in 2009 and are located at 2552 West Selway Rapids in Meridian. The property comprises 171 units, averaging 942 square feet, across 19 buildings. The community has a pool, an indoor pool spa, a barbecue area, and a fitness center.

The Apartments are located in Meridian, the second largest city in Idaho. Selway is in close proximity to several major Boise employers, such as Boise State University. The property is close to Valley Regional Transit (VRT), which connects Meridian to other major areas in the Boise MSA. Selway Apartments is located 17 miles from Downtown Boise and 16 miles from the Boise Airport.

ABOUT HAMILTON ZANZE

Hamilton Zanze (HZ) is a private, San Francisco-based real estate investment company that owns and operates apartment communities. Since its founding in 2001, Hamilton Zanze has acquired over $5.9 billion in multifamily assets primarily in the Western, Southwestern, and Eastern U.S. The company currently owns and operates 131 properties (22,035 units) across 17 states. For additional information, visit www.hamiltonzanze.com. 

MEDIA CONTACT:
Nicole Marshall, Curated Communications
[email protected]
(504) 644-7335

SOURCE Hamilton Zanze

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