BALTIMORE, MD – San Francisco based real estate firm Hamilton Zanze (HZ) partnered with DCA Partners to buy the 255-unit Residences at Waterstone in Pikesville, Maryland. Cushman & Wakefield represented both buyer and seller on this transaction. This represents HZ’s thirteenth acquisition in Maryland.
The property, built in 2002, is just north of Downtown Baltimore, which is situated at the northernmost mouth of the Patapsco River on the Chesapeake Bay.
“We are excited to expand our presence in Maryland with the buy of Residences at Waterstone in Pikesville, MD,” said David Nelson, Hamilton Zanze’s Chief Investment Officer. “This unique asset features oversized units, favorable amenities, convenient location to employers, and close proximity to an abundance of retail and entertainment in Downtown Baltimore.”
The community is located at 225 Galvariun Court in the desirable Owings Mills/Pikesville/Randallstown submarket, approximately 22-minute drive or 15 miles from Downtown Baltimore. The 255 units average 1,453 square feet with 26 different floor plans. Community amenities include a fitness center, resort-style swimming pool with a sundeck, movie theater, tennis courts and a dog park. Unit amenities include attached garages, stainless steel appliances, granite countertops, hardwood/vinyl flooring, washer/dryer in unit, and private balconies.
HZ’s capital improvements will include site improvements, building repairs, amenity improvements, continuing the unit renovation campaign implemented by the seller, and sustainability updates. Management of the property has also been transitioned to HZ affiliate Mission Rock Residential, a Denver-based company.

Powered by WPeMatico

CORPUS CHRISTI, TX – Thompson Thrift Residential, a wholly-owned company of Indianapolis-based Thompson Thrift, announced the sale of The Retreat, a 324-unit multifamily community located in The District of Timbergate area of Corpus Christi. A private real estate investment firm bought the community for an undisclosed amount.
“The Retreat’s location within the highly acclaimed Corpus Christi Independent School District along with its premium access to nearby employers, retail and entertainment generated significant interest from multiple parties,” said Josh Purvis, managing partner for Thompson Thrift Residential. “We are pleased to have been able to do our business plot and reach our investment goals for this community.”
Completed in 2017, the 96% leased community features 14 three-tale buildings providing 324 apartment homes with a variety of one-, two- and three-bedroom layouts. The well-appointed homes include granite countertops, nine- to 10-foot ceilings, full-sized washer and dryers, soaking tubs, private balconies and detached garages. The Retreat also provides an array of community amenities including a resort-style swimming pool, state-of-the-art fitness center, clubhouse, technology center, movie lounge, gaming den, parcel pending package acceptance, and onsite bark park and pet spa.
The community’s location at 15721 Timbergate Drive is close to Highway 358 and provides residents with convenient access to numerous retailers at the La Palmera Shopping District as well as major employers including the Port of Corpus Christi, First Data Corporation, Texas A&M, Bay LTD and Eagle Ford Shale.

Powered by WPeMatico

SAN ANTONIO, TX – Embrey has closed on land for the company’s second single-family rental development project, Collection Champions Circle. Located in Fort Worth, Texas, the 22.9-acre property will feature 276 one- two- and three-bedroom duplex-style homes.
Collection Champions Circle will be a master-plotted community that provides the privacy and neighborhood feel of a single-family home alongside luxurious shared amenities such as a clubhouse, resort-style pool and best-in-class on-site property management also provided by Embrey.
“Embrey’s single-family rental communities are the perfect option for renters who appreciate the lifestyle and convenience of a traditional apartment community while also providing many of the benefits of a single-family home,” says Jeremy Williams, Senior Vice President of Development. “This is a particularly attractive option for young families, pet owners and empty-nesters.”
Additionally, the development lies near a number of well loved employers including Charles Schwab, TD Ameritrade, Facebook and Amazon.
“Dallas-Fort Worth is one of the fastest growing multifamily markets in the country,” says John Kirk, Managing Director and Executive Vice President of Development. “The area’s strong economic and demographic momentum and high household income make it a prime location for this particular style of development.”
Embrey has partnered with a number of design consultants to make this project come to fruition, including W Partnership, Knight Fowler Millsap and Design Environments.
Construction is scheduled to start next month with completion expected in 2024. Embrey is the general contractor and will oversee construction on the project.

Powered by WPeMatico