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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COLUMBUS, OH – The Champion Companies, one of Ohio s leading multifamily investment, development and management firms, announced the acquisition of the Northpark Place apartment community. At 472 units, Northpark is one of the larger apartment complexes in Central Ohio and located in the ever well loved Polaris submarket.
To consummate the transaction Champion negotiated with 14 separate owners at the site and engineered a simultaneous closing of over $80 million in real estate. The process of aggregating ownership – known as unfracturing – has been a hallmark strategy of Champion s for years. Besides allowing for greater flexibility and control of a site, unfracturing helps Champion maintain its edge in an increasingly competitive market.
Communities with multiple owners can lead to deferred maintenance, irregular leasing policies and a general degradation of the property. These are the inconsistencies our team will address to make a superior living experience for the residents, said Brian Hoar, Champion s Chief Investment Officer. Our commitment to Northpark reflects the value we see in providing first-class apartment communities across Central Ohio.
While the final project scope is still in development, Champion plans to undertake a substantial renovation at the site, including common areas, building exteriors and in-unit features. The company has previously executed similar projects in Polaris, an area the Westerville-based firm considers its backyard and a core market for long-term growth.
Champion s belief in Polaris specifically and Columbus in general clarifies why the company is willing to pursue even the most challenging transactions.
Deals like this with multiple owners are typically avoided in the industry due to the complexity of negotiating with several parties, said Brian Yeager, CEO and co-founder of The Champion Companies. But we ve never been worried of hard work at Champion. We see opportunities where others don t and we go on them with passion, speed and determination.

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