Hamilton Zanze Acquires Two Upper Marlboro Apartment Communities From Sellers' Rep Robert Garrish

The property involved in this transaction is a MultiFamily asset located at 4530 Lords Landing Rd, Upper Marlboro, MD. The property features two apartment communities, Village of Churchills Choice with 192 residential units and Hunters Glen with 154 units. Both properties were reported to be 95% occupied at the time of purchase.

Summary of transation details:

• Property Type: MultiFamily
• Transaction Amount: Not disclosed
• Address: 4530 Lords Landing Rd, Upper Marlboro, MD
• Market: Upper Marlboro
• Seller's Representative: Robert Garrish - Newmark
• Buyer: Hamilton Zanze
• Management Company: Mission Rock Residential
• Occupancy Rate: 95% for both properties

San Francisco-based Hamilton Zanze now owns and operates 22 residential apartment communities in the DC metro area, following this acquisition. The properties are situated approximately 20 miles from downtown DC. Capital improvements planned by Hamilton Zanze include upgrades to exterior maintenance, landscaping, community amenities, and interior unit renovations.