CHATTANOOGA, TN – Hamilton Zanze, a leading San Francisco-based multifamily real estate investment firm, announced it has sponsored the buy of 1400 Chestnut Apartments, a 200-home midrise apartment community in Chattanooga, Tennessee.
Mission Rock Residential, an affiliate of Hamilton Zanze, has assumed management of the property, which sits just south of the vibrant City Center neighborhood and approximately one mile from The University of Tennessee at Chattanooga.
“We are thrilled to announce the acquisition of 1400 Chestnut, our third property in the city,” said David Nelson, president and chief investment officer at Hamilton Zanze. “This acquisition presents an opportunity to secure a high-quality community in a submarket with limited incoming supply. The property’s prime location, near the transformative developments of The Bend, a 120-acre mixed-use community, and the new stadium for the Chattanooga Lookouts, further enhances its appeal.”
Located near the intersection of W. Main Street and Broad Street, 1400 Chestnut was built in 2017 and offers one- and two-bedroom apartment homes. Homes range in size from 672 to 1,202 square feet and include stainless steel appliances, hardwood-style flooring, quartz countertops, shaker-style cabinetry, modern lighting fixtures, tall ceilings, air conditioning, in-home washers and dryers, walk-in closets, extra storage space and brushed-nickel bathroom hardware. Select homes feature private patios or balconies.
Common-area amenities at the pet-friendly community include a saltwater pool with sundeck, fire pits and grills, resident clubhouse, business center, private office space, media lounge, coffee bar, pet spa and an onsite fitness center. Residents also have access to garage parking, bike storage and a bike repair station.
1400 Chestnut sits within a small walk or commute from City Center, which serves as the commercial heart of downtown and offers an eclectic array of retail, dining, nightlife and cultural attractions. The community also sits near the Chattanooga Farmers Market, a Whole Foods Market and the Chattanooga Convention Center. The immediate area also features a variety of transit options that connect to the greater metropolitan area.

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SCOTTSDALE, AZ – Scottsdale-based BB Living, the leader in single-family build-to-rent (BTR) housing communities, announced BB Living Desert Ridge, a groundbreaking new community of 108 luxury single family rental townhomes in the Desert Ridge area.
With mortgage rates projected to remain high in 2025, purchasing a home is not affordable for many, especially in prime areas like the new Talinn master-plotted community.
“Renting a groundbreaking new, professionally-managed home is a viable option to get into a prospective homeowner’s ideal neighborhood at a fraction of the cost,” said BB Living president Branden Lombardi.
BB Living Desert Ridge, located at 21022 North 59th Run in Phoenix, starts leasing March 15 for a mid April go-in date with rents starting at $2,710 per month. The community sits on 12.4 acres and offers both three- and four-bedroom floorplans. Each home includes an attached two-car garage, a 10-foot driveway, and large private landscaped backyard featuring pavers, landscaping and turf.
The interior floorplans and specifications include nine-foot ceiling heights, ceiling fans in every room, quartz countertops, full-size front-load washers and dryers, crown molding on cabinets, stainless steel appliances, pre-wired garages for electric vehicle charging, as well as a “Smart Home” system.
BTR is a continually growing real estate trend with strong demand. Desert Ridge is one of the most sought after residential communities in north Phoenix, giving residents access to the top-rated Paradise Valley School District. With top-tier schools, and a multitude of dining, entertainment and hiking options nearby, BB Living Desert Ridge provides the privacy of a home without the stress and commitment of home ownership.
“This neighborhood is highly sought after, and offers families a combination of high-quality homes within a vibrant community that fosters connection and offers convenient access to a variety of dining and entertainment options,” said Lombardi. “Each home features smart technology, spacious floorplans and gorgeous finishes. BB Living Desert Ridge is located within a top-rated school district. We’re excited to welcome residents to experience the perfect blend of convenience and community right in Desert Ridge.”

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SALT LAKE CITY, UT – Mill Creek Residential, a leading developer, owner-operator and investment manager specializing in premier rental housing across the U.S., announced it has broken ground on Modera Marmalade, a contemporary midrise community in the 4th West/Marmalade District of Downtown Salt Lake City.
Modera Marmalade, which will feature 359 homes, represents Mill Creek’s first development within Utah. The wrap-style community will provide panoramic views of the Wasatch Mountains, Downtown skyline and Fantastic Salt Lake, while the Oquirrh Mountains will serve as a prominent backdrop to the west. First go-ins are anticipated for February 2027.
“We’re thrilled for the opportunity to join the Salt Lake City market, and we believe Modera Marmalade will be an outstanding representation as our first community in the state,” said Tyler Greene, managing director of development in Salt Lake City for Mill Creek Residential. “The Marmalade District is growing in popularity thanks to the recent addition of successful new rental homes to the area. We’re keen to help address the housing demand of this rapidly emerging area and look forward to offering a best-in-class experience.”
Situated at 472 West 400 North, the community sits within three blocks of the Downtown hub for Front Runner Commuter Rail and TRAX Light Rail. Front Runner is a WiFi-enabled train that stretches approximately 90 miles through the entire Wasatch Front from Provo to Ogden, while TRAX is a connector rail with service through Downtown, stretching to the Salt Lake City International Airport to the west and University of Utah to the east.
The community features an improving Bike Score of 78, offers expedient access to the numerous brewpubs and dining options within Downtown and is within a small commute of Interstate 15, which connects to the greater Salt Lake area and its thriving employment centers, including the tech-centric Silicon Slopes in the southern part of the valley.
Modera Marmalade will offer studio, one-, two- and three-bedroom homes with various layouts and an average size of 840 square feet. Community amenities will be highlighted by a rooftop deck with a resort-style swimming pool, grilling area, fire pit and outdoor dining. Additional common area attractions will include a hot tub, sauna, resident clubhouse, game room with pool table, coffee bar, landscaped courtyards, pet park, pet spa and a club-quality fitness center with cardio equipment, individual TVs, Peloton bikes, group fitness area and a yoga/Pilates studio. The community will also offer a conference room, coworking spaces, private workstations, controlled-access garage parking, private EV-charging stations, digital package lockers, bike lockers and additional storage space.
Home interiors will feature two distinct color schemes, nine-foot ceilings, oversized windows, wood-style plank flooring, stainless steel appliances, quartz countertops, pull-down faucets, tile backsplashes, moveable kitchen islands, breakfast bars, custom soft-close cabinetry with under-cabinet lighting, oversized bedrooms with spacious closets, built-in storage and in-home washers and dryers. Smart features will include controlled-access guest technology, programmable thermostats, key fob access, USB outlets and bulk WiFi. Bathrooms will feature double vanities, backlit mirrors, linen closets, soaking tubs and showers with floor-to-ceiling tile surrounds.

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