COLORADO SPRINGS, CO – San Francisco-based real estate firm Hamilton Zanze (HZ) has bought the 264-unit Springs at Foothills Farm apartment community in Colorado Springs. The buy marks the firm’s seventh property in their current portfolio in the Colorado Springs metro.
Built in 2021, Springs at Foothills Farm is located at 1203 Affirmed View in the desirable North Colorado Springs submarket, a fifteen-minute drive from Downtown Colorado Springs. The property is close to two of Colorado Springs’ major employment drivers, The U.S. Air Force Academy and Fort Carson. The property includes 276,276 net rentable square feet across 12 two- and three-floor residential buildings. The units average 1,047 square feet with private balconies/patios, spacious walk-in closets, and in-unit washers and dryers. Community amenities include an outdoor barbecue area, a resort-style swimming pool, an on-site car maintenance center, a pet playground and park, a 24-hour fitness center, and attached and detached garage options.
“We are excited to further expand our presence in Colorado Springs with the buy of Springs at Foothills Farm,” said David Nelson, managing director of acquisitions for Hamilton Zanze. “The 2022 garden-style asset features top of the line amenities, ideal location in the booming north Colorado Springs submarket, convenient proximity, just off Interstate-25, to InterQuest Marketplace, the submarket’s newest development, access to the largest employers in the Colorado Springs like Lockheed Martin, Hewlett Packard, USAA and Oracle. Springs at Foothills Farm will be an asset to the local community for years to come, and we at Hamilton Zanze are proud to be a part of it.”
HZ will do a capital improvements campaign that includes building, amenity, and green improvements. Additionally, management of the property has also been transitioned to HZ affiliate Mission Rock Residential, a Denver-based company.

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SAN JOSE, CA – Security Properties has teamed with Pacific Life Insurance Company and Hearthstone Housing Foundation to buy Monte Vista Senior Apartments, a 118-unit apartment community located in San Jose, CA.
The acquisition marks the seventh joint venture between Security Properties and Pacific Life since 2018. Financing was provided by Fannie Mae through Berkadia.
“Monte Vista presented a fantastic opportunity to buy high quality real estate in a core market, while preserving critical affordable housing for the community,” said Steve TeSelle, Senior Director for Security Properties.
Monte Vista is income and rent restricted to seniors earning between 30% and 50% of area median income. “Given the incredibly high cost of living in San Jose, affordable housing like Monte Vista provides a significant discount to market-rate units in the area,” said Chase Olson, Senior Analyst with Security Properties.
The property is located adjacent to the Alum Rock Transit Center and the associated Alum Rock light rail station, which offers residents convenient access via public transportation across San Jose and the entire Bay Area. Security Properties Residential will be taking over management of Monte Vista.

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ORLANDO, FL – Middleburg Communities, and SFO Capital Partners, a London-based global real estate investor and investment manager, announced they have jointly bought The Baldwin, a newly-built, 270-unit Class A multifamily community located 10 minutes from downtown Orlando and Central Florida s STEM corridor.
The Baldwin represents the second newly-built, Class A residential community that Middleburg has bought in Central Florida since July 2022, and follows SFO Capital Partners recent acquisition of 388 apartment units in Atlanta. Middleburg also bought the 330-unit Indigo Champions Ridge in Davenport, which sits just minutes from several well loved retail, dining and entertainment destinations and many of the region s major employers. Middleburg s investment activity in Central Florida also includes the development of Mosby Citrus Ride, a 300-unit lifestyle-oriented, attainable housing community in Davenport, announced in August.
We are pleased to continue expanding our presence in fundamentally strong and vibrant communities in Central Florida with the acquisition of The Baldwin, said Chris Finlay, CEO of Middleburg Communities. Given the area s continued growth and population inflows, there is a significant need for the high-quality, attainable housing communities we have bought or are developing. We look forward to continuing our pattern of generating high double-digit returns for our investors with these investments and leveraging our industry-leading, vertically-integrated platform to deliver superior living experiences for our residents.
Finlay added, It s an honor to be partnering with SFO Capital Partners on this acquisition. Like us, SFO Capital Partners possesses strong institutional knowledge of the multifamily industry and has an extensive track record of producing above-average returns for its investors. We plot to further expand this partnership by jointly pursuing additional value-add opportunities throughout the southeast and sunbelt.
Mohamad Abouchalbak, CEO of SFO Capital Partners, said, We are thrilled to partner with Middleburg on this compelling and defensive acquisition in Orlando, a metro with robust macroeconomic fundamentals, favorable demographics and a clear growth outlook. This latest acquisition supports our strong conviction in the U.S. multifamily sector and align with our strategy of acquiring stable, highly occupied brand-new assets benefiting from the strong and rising rental market. We are looking forward to growing our successful partnership with Middleburg.
The Baldwin, which opened last month, offers a state-of-the-art living environment within walking distance of many of Orlando s business and leisure generators, including the region s premier employment and education corridor. The community is ideally located adjacent to the upscale and affluent Baldwin Park neighborhood and centrally positioned between Interstate 4, State Route 408 and 417, making it just a 20-minute drive from more than 449,000 jobs.
The attainable residential community, which comprises nine, three-tale residential building situated on approximately 10.5 acres, offers multiple 1-, 2- and 3-bedroom floorplans complete with modern and upscale fixtures including gourmet kitchens, designer-plank flooring and wireless thermostats and lighting controls. The Baldwin also features numerous resort-style amenities, such as a swimming pool with pavilion, 24-hour fitness center, clubhouse, co-working station, dog park with pet spa, Amazon hub package center, EV charging stations and more.

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