RENO, NV – Hamilton Zanze, a leading San Francisco-based multifamily real estate investment firm, announced it has sponsored the buy of Village of the Pines, a garden-style apartment community in Reno, Nevada. Mission Rock Residential, an affiliate of Hamilton Zanze, has assumed management of the community, which is located just east of key thoroughfare Interstate 580.
“We’ve long admired the Reno market, and we’re excited to sponsor the acquisition of Village of the Pines,” said David Nelson, president and chief investment officer at Hamilton Zanze. “This investment presents a fantastic opportunity for HZ investors to participate in Reno’s post-COVID growth. We were able to assume a highly accretive, fixed-rate agency loan that ensures strong cash flow throughout the hold period. This opportunity was sourced off-market through HZ’s strong relationships in the region. We look forward to pursuing additional investment opportunities in the rapidly growing Reno market.”
Located at 700 E Peckham Lane, Village of the Pines features 272 one-, two- and three-bedroom homes with various layouts available. The community, built in 1974, offers prime freeway access and is within a quick commute of Meadowood Mall, Reno-Sparks Convention Center, Atlantis Casino Resort Spa and a wide variety of additional retail and dining options.
Common-area amenities at the pet-friendly community include an outdoor swimming pool, barbecue/picnic areas, covered parking, laundry facility, playground and an onsite gym. Homes include air conditioning, wood-style flooring, high-speed internet and private patios or balconies.
The transaction represents Hamilton Zanze’s sixth sponsored acquisition of 2025. This includes two June acquisitions in the Reno area, Lakeview and Sand Pebble/Spanish Oaks.

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ATLANTA, GA – Thompson Thrift, a full-service nationally recognized real estate company and one of the nation’s leading multifamily developers, hosted a ribbon cutting for The Levi, a 212-unit Class A multifamily community located in the Atlanta suburb of Stockbridge. Resident go-ins started in August, with construction completion expected in February 2026.
“Celebrating the official ribbon cutting for The Levi is an exciting milestone for our team,” said Angie Atkins, senior vice president of community management for Thompson Thrift. “The Levi offers perfectly designed homes, high-end finishes and a vibrant community setting. We are thrilled to bring this new living option to the Atlanta area.”
Located at 1400 Jr. Grant Blvd., The Levi spans nearly 15 acres and provides 212 one-, two- and three-bedroom apartment homes averaging 1,100 square feet. Each residence includes the premium finishes Thompson Thrift communities are known for, including stainless-steel appliances, hardwood-style flooring, a walk-in shower, various smart home capabilities, full-sized washers and dryers and detached garages. Certain upgraded homes will also elevate the living experience and feature premium cabinetry with soft-close doors and a full-height backsplash, a deluxe closet system with shelving and attached garages.
The signature living experience continues throughout the gated community with a 24-hour fitness center, resort-style swimming pool, firepits, a pickleball court, a dog park, pet spa with grooming station, and billiards and shuffleboard. Residents will also delight in socializing and relaxing in the outdoor seating areas, cooking on the outdoor grills, or working remotely in the focus suites.
The Levi sits within the 158-acre master-plotted Bridges at Jodeco community, placing residents steps away from well loved retail options like Costco Wholesale and Starbucks. Additional shopping and dining including Target, The Home Depot, PetSmart, and the nation’s first two-tale drive-thru Chick-fil-A, are just a small drive away.
At the ribbon cutting, visitors were able to tour the model and explore the professionally decorated clubhouse and community amenities. As part of Thompson Thrift’s ongoing commitment to community engagement, they presented a check to local non-profit A Friend’s House to aid their efforts in providing shelter, care and permanency plotting for youth in crisis, working to heal and support children who have experienced abuse, abandonment or neglect.

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INDIANAPOLIS, IN – Gray Capital, a multifamily investment firm headquartered in Indianapolis, announced the successful acquisition of Flats at Stones Crossing, a 292-unit Class A apartment community located in Greenwood, Indiana (Indianapolis MSA).
Flats at Stones Crossing is Gray Capital’s twelfth apartment asset in the Indianapolis area. The firm’s deep experience and success within its home market have been central to the company’s continued growth and performance.
“Indianapolis and its surrounding submarkets are a core focus for Gray Capital. We believe deeply in the long-term fundamentals here in Indy, especially in suburbs like Greenwood,” said Spencer Gray, President & CEO of Gray Capital. “We are excited to further refine and elevate this community to deliver an exceptional living experience to residents in Greenwood.”
The acquisition marks Gray Capital’s only addition to their portfolio in 2025, following its buy of the 384-unit Solana at the Crossing in September 2024, located on the Northeast side of Indianapolis. The firm strategically pursued The Flats at Stones Crossing as part of their highly selective investment thesis and on-going efforts to source high-quality newly developed multifamily assets at a discount within fundamentally strong Midwest markets. This transaction reflects Gray Capital’s continued confidence in the Indianapolis region, the Midwest growth tale, and the long-term strength of multifamily housing.
Gray Capital’s plot for The Flats at Stones Crossing includes an elevation of the community’s already competitive amenity offerings through the addition of several new outdoor community spaces, improvements to landscaping, and parking. New outdoor “grill-and-chill” patio areas are designed to foster resident engagement and provide a right “backyard” experience uncommon among apartment communities.
“We’re always looking for ways to add more tangible value to our communities in ways our residents really benefit – more than just aesthetics,” added Gray. “We are long term owners, and we’re committed to the Flats at Stones Crossing and Greenwood community for the long term,” said Spencer Gray.
Gray Capital’s assets under management now total over $1B, and the company has had more than $2.5 billion in transactions to date since its founding in 2015.

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