PORTLAND, OR – San Francisco-based real estate firm Hamilton Zanze (HZ) has bought the 145-unit Courtyards at Cedar Hills community in Beaverton, Oregon. The buy marks the firm’s seventh acquisition in the Portland metro area.
Built in 1969 and 1975, Courtyards at Cedar Hills comprises 145 one-, two-, and three-bedroom units averaging 900 square feet. Community amenities include an indoor pool, fitness center, laundry facilities, playground, and Amazon HUB package lockers.
“We are excited about the opportunity to buy in Beaverton, OR and to further expand our presence in the Portland MSA,” said David Nelson, managing director of acquisitions for Hamilton Zanze. “Courtyards at Cedar Hills is conveniently located near Oregon Route 217 and U.S. Route 26, which provide residents simple access to Downtown Portland and other major employment centers.”
HZ’s capital improvements plot includes unit renovations, pool and landscaping enhancements, asphalt and roofing repairs, and fresh exterior paint. Management of the property has also been transitioned to HZ affiliate Mission Rock Residential, a Denver based company.
The community is located at 13643 SW Electric St, two miles from the Nike World Headquarters in the desirable East Beaverton submarket. As of 2020, Nike employed over 76,000 people worldwide and 12,000 at their headquarters in Beaverton. The property also lies 10 miles west of Downtown Portland, which has been dubbed the “Silicon Forest” for its quick-growing hub of high-tech and life science technology companies. The metro benefits from a young, educated workforce and has ranked among the top-five places for business by Forbes for the past five years.

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CHESAPEAKE, VA – Capital Square 1031, a leading sponsor of Delaware statutory trust (DST) offerings for 1031 exchange and other accredited investors, announced the acquisition of Streets of Greenbrier, a 280-unit multifamily community in Chesapeake, Virginia, a city in the Hampton Roads region. The property was bought for CS1031 Streets of Greenbrier Apartments, DST, a Reg. D private placement.
“Chesapeake is part of Virginia’s Hampton Roads region, which includes the neighboring cities of Norfolk, Virginia Beach, Portsmouth, Suffolk, Hampton and Newport News,” said Louis Rogers, founder and chief executive officer of Capital Square. “Together, these cities complete a dynamic MSA of nearly 1.8 million people, with a large and growing millennial population. The region has one of the highest percentages of residents in the prime rental ages of 20 and 35 and was recently ranked by Time Magazine as the number one region in the Unites States for attracting millennials.”
Located at 929 Wintercress Way, Streets of Greenbrier was constructed in 2013 on 13.78 acres of land. The community consists of nine residential buildings and includes studio, one-, two- and three-bedroom units ranging in size from 516 square feet to 1,286 square feet.
Rogers added, “Capital Square is bullish on our home state of Virginia, which has a booming economy, increasing employment base and growing need for quality housing. Forbes recently ranked Virginia as the fourth best state for business. Amazon is a recent illustration, bringing 25,000 jobs to the state with its $2.5 billion HQ2 development.”1
Community amenities include pocket parks with covered swings and grilling stations, a sun deck with Wi-Fi access, a grand oasis-style pool, 24-hour fitness center, poolside grilling area, an outdoor poolside fireplace and TV, as well as a fireplace lounge. Additional amenities include a billiards area, dog park, picnic area near a pond, a free car wash/car vacuum station, valet waste service and onsite recycling.
CS1031 Streets of Greenbrier Apartments, DST seeks to raise $35.5 million in equity from accredited investors and has a minimum investment of $50,000.
“Streets of Greenbrier is a quality community, well-located in the transportation hub of the Hampton Roads region, allowing residents to capitalize on immediate access to major employers, as well as high-quality retail, dining and entertainment options,” said Whitson Huffman, chief strategy and investment officer. “The community provides residents with convenient access to Interstates 64, 264, 464 and 664 –four major Virginia highways. Through a light value-add strategy, Capital Square intends to increase revenue and the residual value of the property.”

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SANFORD, FL – Robbins Property Associates (“RPA”), a vertically integrated multifamily owner and operator, has partnered with a publicly-traded insurance company to buy Lake Monroe Apartments. The expansive 280-unit NGBS Green Certified complex was completed in 2020. The property, which was re-branded Vue on Lake Monroe, is located in the quickly expanding Sanford/Lake Mary submarket in Seminole County.
The property is centrally located with ease of access to Interstate 4 and the SunRail, which provides access to over 20.9 million square feet of corporate office space. The area provides a high proportion of healthcare, finance, and education jobs, including AAA, Deloitte, and multiple hospitals.
“Sanford/Lake Mary has high-growth potential and was relatively resilient during 2020. We expect these positive trends to continue due to the robust local job market and continued population growth,” said Neal Herman, Managing Director of Investments at RPA. “Vue at Lake Monroe provides the right balance of high-end interior finishes and amenities while remaining affordable in terms of competing with other brand-new product.”
Vue on Lake Monroe is a newly constructed luxury apartment community situated directly across from the Sanford Riverwalk. The community features picturesque views of Lake Monroe, a screened-in resort-style saltwater pool, a state-of-the-art strength and fitness center, and electric vehicle charging. Each unit boasts designer cabinetry imported from Italy, natural polished stone countertops, custom hardware, premium stainless-steel appliances, and hardwood-style flooring. With the historic downtown Sanford with its charming cafés, upscale restaurants, and trendy bars just minutes away, Vue on Lake Monroe sets the stage for a flawless living experience.
RPA will install the finishing touches to the interiors with modern kitchen tile backsplashes. Community amenity upgrades will highlight enhancements to the fitness center and pool, and the addition of a fenced bark park.
“Vue at Lake Monroe is well-suited to meet the growing demand from renters who prefer an urban lifestyle plus the comforts of suburban, waterfront living,” said Kristi King, Chief Operating Officer & Principal of RPA. “We are very excited to add this community to our Orlando portfolio.”

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