SEATTLE, WA – Security Properties bought SKY Sammamish, a 159-unit multifamily property built in 2018 and located in Sammamish, Washington, for $70,250,000. Security Properties now owns 28 assets and over 6,400 units in the Greater Seattle marketplace.
Sammamish, a highly desirable suburb east of Seattle situated between Bellevue, Redmond, and Issaquah, offers an irreplaceable combination of top tier school districts, access to local employers and proximity to some of Washington’s most desirable nature. While its population has grown quickly over the past 20 years, the city has historically been, and is forecasted to continue, being one of the most supply insulated submarkets in the entire Seattle metropolitan area. This has caused the barrier to entry to be extremely high, with median home values exceeding $1.6 million. Consequently, the median household income in Sammamish is about $215,000 higher than any other US city with a population over 50,000.
SKY Sammamish is located along 228th Ave., the city’s primary north and south thoroughfare with access to both I-90 (to the south) as well as SR-202 (to the north). The property was developed as a phase of the expanding Sammamish Town Center ‒ a multi-phase, mixed-use development project that will serve as the new town center for Sammamish. The property is the only housing located within the town center development and sits adjacent to a variety of commercial spaces, retail, and food options. Most notably, the site is adjacent to Metropolitan Market, an upscale Seattle-based grocery chain.
The business plot is a core-plus investment with moderate upgrade characteristics. While the asset currently offers a best-in-class amenity package and well-appointed living units, Security Properties has identified several opportunities to further emphasize these strengths.
According to Alex Gauper, Senior Director at Security Properties, the acquisition was made because, “SKY Sammamish is a prime example of our firm’s investment thesis of identifying newer-vintage assets in markets with high barriers to entry and a diverse mix of stable drivers. We feel that we have the best asset in a submarket with a very limited historical supply, brilliant schools, and strong demand for high-quality housing. The Issaquah and Sammamish submarket has been a strong performer for us for many years and we are excited to add to our existing portfolio in the area.”

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LEWISVILLE, TX – Toll Brothers Apartment Living, the rental subsidiary of Toll Brothers, the nation s leading builder of luxury homes, and joint venture partner The Davis Companies (Davis), announced the grand opening of Whitlow, a new four-tale luxury apartment community in Lewisville, Texas. Financed with a construction loan from Citizens Bank, Whitlow commenced construction in 2021 and welcomed its first residents in February 2024. The community recently celebrated its grand opening with a ribbon cutting ceremony with project partners, as well as current and future residents.
We are excited to introduce Whitlow to the charming community of Lewisville, said John McCullough, President of Toll Brothers Apartment Living. Whitlow represents our continued dedication to developing upscale residences in highly desirable markets, such as Dallas-Fort Worth, while providing an elevated living experience that exceeds the expectations of modern renters.
Offering a mix of 420 studio, one-bedroom, and two-bedroom floor plans, Whitlow s apartment homes are designed with high-end finishes, including quartz countertops and a tile backsplash, Whirlpool stainless steel appliances, and upgraded hardware and plumbing features. Each residence is thoughtfully designed with oversized closets with built-in storage and shelving, tiled showers with glass enclosures, hardwood-style flooring in the living areas, and smart home technology, including keyless entry and smart thermostats. Select residences also feature soaking tubs, private balconies, and terraces. Private garages are also available.
Whitlow s amenities are curated to both foster connection and support residents personal pursuits. The grand lobby and resident lounges offer a Starbucks Serenade Bar, entertainment kitchen and bar, and game lounge with billiards and shuffleboard. The community features a saltwater pool with a sundeck and private cabanas, an outdoor lounge with grilling stations, a sky lounge and resident bar, and an outdoor sky deck and sun lounge with fireplace. Residents can also delight in the fitness center with strength, cardio, and flex studios; private coworking spaces and conference room; and pet park and spa.
Whitlow sets a new standard for luxury living in Lewisville by combining modern design with the warmth of Texas hospitality, said Tommy Rhodus, Managing Director of Toll Brothers Apartment Living in the Central region. Our residents delight in the small-town charm of Lewisville, proximity to Lewisville Lake, and simple access to Dallas and DFW International Airport.
The grand opening of Whitlow represents Davis commitment to investing in best-in-class multifamily assets throughout the Sunbelt region and nationwide, providing the high-quality, exceptionally located living options that residents look for, said Mai Zhang, Senior Vice President of Asset Management at Davis. We re thrilled for this opportunity to expand our housing portfolio and build on our longstanding relationship with Toll Brothers to deliver this state-of-the-art project to the Greater Dallas region.
Whitlow is ideally located in Ancient Town Lewisville. The community is surrounded by boutique shops, casual and fine dining, and Lewisville s historic district. Its location also provides simple access to recreational areas, including LLELA Nature Preserve and Lewisville Lake, and offers convenient connections to Dallas via road and rail, making it an attractive location for those seeking a balanced lifestyle.

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SAN FRANCISCO, CA – Hamilton Zanze, a leading San Francisco-based multifamily real estate investment firm, announced it has sponsored the buy of The Morris, a 19-tale, 344-unit Class A apartment community in Nashville, Tennessee.
Hamilton Zanze sponsored the transaction through HZ Capital Partners Fund I, its discretionary fund that targets the acquisition of multifamily properties, alongside joint venture partner Lionstone Investments. Mission Rock Residential, an affiliate of Hamilton Zanze, has assumed management of the property, which is in the heart of Nashville’s historic Music Row and immediately proximate to Vanderbilt University and Vanderbilt Hospital.
“We are pleased to sponsor the acquisition of this exceptional multifamily asset,” said David Nelson, President and Chief Investment Officer at Hamilton Zanze. “This is a transaction in which our relationships and persistence produced a generational piece of real estate at a time of dislocation in core, infill multifamily. The Morris is well-positioned to capture future growth as supply slows down over the next 18 to 24 months.”
Located at 818 19th Ave. South, The Morris was built in 2017 and offers studio, one- and two-bedroom apartment homes. Units range in size from 557 to 1,104 square feet. The homes feature designer finishes, stainless steel appliances, private terraces, 10- to 16-foot ceilings, full-size washers and dryers, hardwood-inspired flooring, floating bathroom counters and plush carpets in the bedrooms. Select homes contain smart-home technology, deluxe wine chillers and exposed concrete ceilings, columns and walls.
“Lionstone’s research led us to this location, which scores prominently in our proprietary rating system,” said Trisha Mantri, Vice President of Acquisitions at Lionstone Investments. “This investment represents the opportunity to buy the asset at an attractive basis below replacement cost in a high-growth market.”
Community amenities include a rooftop pool with glass overlook, professional-quality music studio, rooftop performance venue, a 19th-floor sky lounge, fitness center, private yoga studio, concierge services, EV-charging stations, pet spa, internet cafe, coffee bar and indoor bike racks.
Located just outside of Downtown Nashville, The Morris offers residents walkable access to the abundant nightlife, restaurants and shopping destinations found in the Music Row and Midtown areas. The community also is notable for its proximity to The Gulch, an urban development on the edge of the Central Business District that features boutique hotels, live music venues, breweries and a diverse array of restaurants.
The Morris sits on the site of country music icon Dale Morris’ former office. Morris has represented such major artists as Kenny Chesney, Martina McBride, Alabama, and Jake Owen.

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