ATLANTA, GA – San Francisco-based real estate firm Hamilton Zanze (HZ) has bought the 312-unit Lodge on the Chattahoochee apartment community in Sandy Springs, GA. The deal closed on December 31, 2019. The buy marked the firm’s 11th acquisition of the 2019 year.
The acquisition is part of a three-property portfolio that HZ is purchasing from Aimco including the Lodge on the Chattahoochee, Timbers at Long Reach, and Chimneys of Cradlerock.
“With its large unit floorplans and access to the Chattahoochee River, Lodge on the Chattahoocheeserves a desirable and underserved demographic in the area,” said David Nelson, managing director of acquisitions for Hamilton Zanze.
Built in 1973, Lodge on the Chattahoochee was 98% occupied at the time of buy. The community offers immediate access to over 22 miles of riverfront trail and a fitness center, dog park, and business center. Large units feature ample natural light, washers and dryers, wood-style flooring, private balconies, walk-in closets, and attached garages.
HZ’s capital improvements plot include community amenity upgrades and interior renovations. Property management responsibilities have been transitioned to HZ affiliate Mission Rock Residential, a Denver-based company.
The community is located less than 20 miles north of downtown Atlanta. The metro area remains a desirable place to live and work due to the business-friendly environment, ease of travel through Hartsfield-Jackson Atlanta International Airport, and the region’s reputation as a logistics hub.

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MIAMI, FL – Lincoln Avenue Capital (LAC) announced the completion of the buy of two apartment complexes in Miami’s Brownsville neighborhood, extending the affordability of 196 housing units for seniors and working families.
Founded three years ago, LAC is one of the nation’s fastest-growing community-oriented developers, investors, and operators of affordable housing, managing over 9,000 units across 11 states. With this new buy, LAC will own 11 affordable housing developments in the Miami region.
Brownsville Transit Village I and II are mid-rise buildings located in the Brownsville neighborhood — an urban, infill location — at 5255 NW 29th Avenue, with 96 and 100 units respectively. Brownsville Transit Village II is an independent senior living community.
Both properties are part of a larger campus of affordable apartment buildings that finished construction in 2012, which encompasses nearly 500 affordable housing units and includes ground floor retail. The development is transit-oriented, located near the Metrorail Green Line station, with simple access to Miami International Airport and Downtown Miami.
“Lincoln Avenue Capital is driven by the mission to preserve and make quality affordable homes in the Miami area and across the nation,” said Jeremy Bronfman, LAC’s Chief Executive Officer. “We are proud to preserve Brownsville as an affordable property to meet this vital need in urban Miami, including its vibrant community of seniors.”

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LAKELAND, FL – Providence Real Estate, a multifamily owner-operator, announced the completion of the acquisition of the Village at Lake Highland apartments located in Lakeland, Florida, approximately 35 miles east of Tampa and 55 miles southwest of Orlando. The Property was bought in a joint venture with Aegon Real Assets US, a division of Aegon N.V., a multinational life insurance, pensions and asset management company headquartered in the Netherlands.
The property was built in 2001 on approximately 37-acres and offers residents open floorplans, oversized windows, large sundecks and 9-foot ceilings. The property is in affluent southern Lakeland offering its residents a 15-minute commute to downtown Lakeland and a 6-minute drive to the Lakeland campus of Polk State College, an institution serving over 20,000 students. The property is anticipated to undergo extensive exterior and interior renovations.
“The acquisition of Village of Lake Highland presents a clear opportunity for us to renovate a nineteen-year-ancient property enabling it to provide much needed high-quality rental housing for Lakeland s workforce. Furthermore, Village of Lake Highland represents the fifteenth property in Providence s Central Florida portfolio, and we continue to benefit from the broad strength of the overall multifamily market in the Tampa-Orlando corridor, said Alan Pollack, Providence s Chairman.

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