Hamilton Zanze Acquires Newly Built 368-Unit The Wyatt Apartment Community in Northern Colorado Market of Fort Collins

FORT COLLINS, CO – San Francisco-based real estate firm Hamilton Zanze (HZ) has bought The Wyatt, a 368-unit apartment community in Fort Collins, Colorado.
The buy marks the firm’s second acquisition in the Fort Collins market and 15th in Colorado. The community, newly built in 2019, is in immediate proximity to Interstate 25, providing access to Downtown Fort Collins, Downtown Denver, and major regional employers.
“The Wyatt offered an exciting opportunity to buy a brand-new asset in Fort Collins,” said David Nelson, managing director of acquisitions for Hamilton Zanze. “The property features an extensive amenity package, a prime location near regional employers, and offers residents the quality of life provided by the city’s close proximity to outdoor recreation. We are excited about our continued growth in the Fort Collins market.”
The Wyatt was 89.1% occupied at buy. The community is located at 4701 Strauss Cabin Road in the desirable Fort Collins South submarket, approximately 15 minutes from Downtown Fort Collins. The 368 units range from 761-1,413 square feet and community amenities include a clubhouse, resort-style swimming pool, fitness center, and a spa, steam room, and cabanas.
Management of the property has also been transitioned to HZ affiliate Mission Rock Residential, a Denver-based company.

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Harbor Group International Acquires 248-Unit The Heritage Luxury Apartment Community for $81 Million in Boca Raton, Florida

BOCA RATON, FL – Harbor Group International, a privately-owned international real estate investment and management firm, announced the acquisition of The Heritage, a 248-unit, Class A multifamily community in Boca Raton, Fla., for $81 million. Newmark Knight Frank’s Hampton Beebe and Avery Klann coordinated the sale. Meridian Capital’s Abe Hirsh and Zev Karpel along with Newmark Knight Frank’s Henry Stimler and Bill Weber coordinated the financing for the deal.
The Heritage consists of four mid-rise residential buildings located one mile west of Atlantic Ocean beaches. The property is near convenient transportation options, including Palmetto Park Road and I-95, providing access to the employment centers of West Palm Beach, Fort Lauderdale and Miami. The Heritage is also proximate to several shopping, recreation and entertainment options in the immediate area including Mizner Park and Town Center at Boca Raton Mall.
Additionally, The Heritage offers an expansive amenity set, including a resort-style pool and jacuzzi, outdoor kitchen, 24-hour fitness center, dry sauna, movie theater and private detached garages. HGI will continue implementing the property’s value-add program instituted by the seller, which included upgrading a part of the units with new appliances and fixtures.
“The South Florida market has performed exceptionally well amid the current economic environment,” said Richard Litton, President, HGI. “As a well-located luxury property, with a desirable amenity set, we believe The Heritage will be an in-demand asset as the area attracts more renters.”
The buy of The Heritage adds to HGI’s significant footprint of over 4,000 units in Florida. The firm also owns multifamily communities in Orlando, Fort Lauderdale and Doral, among other high-growth markets.

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Pathfinder Partners Completes $27.4 Million Acquisition of 112-Unit FortyOne 11 Apartment Community in Vibrant Portland Suburb

PORTLAND, OR – Pathfinder Partners, a San Diego-based private equity firm specializing in multifamily real estate investments, announced the acquisition of FortyOne 11 Apartments in Portland, Oregon for $27.4 million. The investment was made from Pathfinder Partners Opportunity Fund VIII, L.P. ( Fund VIII ), raised in 2020 to make opportunistic multifamily investments.
FortyOne 11 is a 112-unit property located in an eclectic and vibrant suburb of northeast Portland. Pathfinder will focus on stabilizing the property s operations while improving the resident experience and tenant retention. FortyOne 11 is 76% occupied, presenting an immediate opportunity to substantially increase cash flow through improved occupancy and rent collections and through better utility reimbursement and expense management.
FortyOne 11 epitomizes our strategy for Fund VIII – a well-located, multifamily project which has struggled operationally during the pandemic, said Mitch Siegler, Co-Founder and Managing Director of Pathfinder Partners. With the availability of low-cost debt and shifting demographics, multifamily remains a highly resilient asset class.
In addition to Portland, Pathfinder Fund VIII invests in Seattle, Sacramento, Southern California, Phoenix and Denver.
With rising costs pushing millions of potential buyers to remain renters, there is a housing supply/demand imbalance in the U.S., with more renters than rental units available, said Lorne Polger, Co-Founder and Managing Director of Pathfinder. Multifamily properties such as FortyOne 11 have a track record of providing higher risk-adjusted returns compared to virtually all other property types and support the strategy of accredited investors looking to include real estate in their portfolios.

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