Multifamily X Missouri

Hamilton Zanze acquires 160-unit apartment community in St. Louis

Hamilton Zanze acquires 160-unit apartment community in St. Louis,ph01

San Francisco-based real estate firm Hamilton Zanze partnered with an affiliate of Cantor Fitzgerald, L.P. to acquire the 160-unit Tribeca apartment community in St. Louis, Missouri, from seller Lux Living. The purchase marks Hamilton Zanze’s first acquisition in the St. Louis metropolitan area.

Built in 2018, Tribeca had a 100 percent occupancy rate at the time of purchase. The community is located at 5510 Pershing Ave., just more than a mile from Washington University in St. Louis. The 160 units feature high-end interior finishes, including stainless steel appliances, white cabinets, quartz countertops, faux wood flooring, tiled walk-in showers, deluxe rain shower heads and smart home technology.

Community amenities include a delivery robot, state-of-the-art fitness center, pet park and spa, indoor and outdoor game areas, concierge services, self-serve beer on tap, and a saltwater pool.

Tribeca is about five miles west of Downtown St. Louis in the St. Louis City submarket of the St. Louis apartment market. The region’s low cost of living and location in the central U.S. make it a desirable destination for relocating businesses, and the metro’s highly educated workforce is fed by the area’s nearly 40 colleges, universities, and technical schools.

Management of the property has been transitioned to HZ affiliate Mission Rock Residential, a Denver-based company.