Company brokers a 680-unit, $109M Vinings property sale

Company brokers a 680-unit, $109M Vinings property sale

The Colliers International East Region Multifamily Advisory Group represented an Institutional REIT in the $109 million sale of an 680-unit portfolio consisting of three multifamily properties in Vinings — The Peak at Vinings Mountain, The Views at Vinings Mountain and Lakeside at Vinings Mountain, which is collectively known as The Residences at Vinings Mountain were included in this transaction. San Francisco-based Hamilton Zanze purchased all three properties.

Will Mathews, principal and vice president of Colliers International East Region Multifamily Advisory Group, represented the REIT in the transaction.

“This was a unique opportunity to purchase a traditional value-add portfolio with world-class amenities in one of Atlanta’s most coveted neighborhoods inside the perimeter, only minutes from the new home of The Atlanta Braves — SunTrust Park,” said Mathews.

“I am thrilled at the execution by Will Mathews and the exceptional opportunity that the Vinings Portfolio represented for Hamilton Zanze and our investors. We will continue to target the Atlanta market as we begin our march into the Southeastern United States seeking opportunities for our investors,” said David Nelson, managing director of Hamilton Zanze.

Colliers International Group Inc. is a global leader in commercial real estate services with more than 16,300 professionals operating from 502 offices in 67 countries. Colliers International has been ranked among the top 100 outsourcing firms by the International Association of Outsourcing Professionals’ Global Outsourcing for 10 consecutive years, more than any other real estate services firm.

Hamilton Zanze 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 $2.8 billion in multifamily assets primarily in the Western and Southwestern U.S. The company currently owns and operates 84 properties across 10 states.

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