Hamilton Zanze Sponsors the Acquisition of 1400 Chestnut Apartments

Midrise Apartment Community Features 200 Homes in Chattanooga, Tenn.

SAN FRANCISCO, March 18, 2025 /PRNewswire/ -- Hamilton Zanze, a leading San Francisco-based multifamily real estate investment firm, today announced it has sponsored the purchase of 1400 Chestnut Apartments, a 200-home midrise apartment community in Chattanooga, Tenn. The acquisition closed on March 11. 

Mission Rock Residential, an affiliate of Hamilton Zanze, has assumed management of the property, which sits just south of the vibrant City Center neighborhood and approximately one mile from The University of Tennessee at Chattanooga. 

"We are thrilled to announce the acquisition of 1400 Chestnut, our third property in the city," said David Nelson, president and chief investment officer at Hamilton Zanze. "This acquisition presents an opportunity to secure a high-quality community in a submarket with limited incoming supply. The property's prime location, near the transformative developments of The Bend, a 120-acre mixed-use community, and the new stadium for the Chattanooga Lookouts, further enhances its appeal."

Located near the intersection of W. Main Street and Broad Street, 1400 Chestnut was built in 2017 and offers one- and two-bedroom apartment homes. Homes range in size from 672 to 1,202 square feet and include stainless steel appliances, hardwood-style flooring, quartz countertops, shaker-style cabinetry, modern lighting fixtures, tall ceilings, air conditioning, in-home washers and dryers, walk-in closets, extra storage space and brushed-nickel bathroom hardware. Select homes feature private patios or balconies.

Common-area amenities at the pet-friendly community include a saltwater pool with sundeck, fire pits and grills, resident clubhouse, business center, private office space, media lounge, coffee bar, pet spa and an onsite fitness center. Residents also have access to garage parking, bike storage and a bike repair station.

1400 Chestnut sits within a short walk or commute from City Center, which serves as the commercial heart of downtown and offers an eclectic array of retail, dining, nightlife and cultural attractions. The community also sits near the Chattanooga Farmers Market, a Whole Foods Market and the Chattanooga Convention Center. The immediate area also features a variety of transit options that connect to the greater metropolitan area.

This transaction represents Hamilton Zanze's second sponsored acquisition of 2025.

About Hamilton Zanze
Hamilton Zanze is a private, San Francisco-based real estate investment company that invests with the highest standards. Since its founding in 2001, Hamilton Zanze has sponsored the acquisition of over $7.5 billion in multifamily assets primarily in the Western, Southwestern and Eastern U.S. The company's portfolio currently comprises 123 properties (21,777 units) across 28 markets. For additional information, visit www.hamiltonzanze.com.

MEDIA CONTACT:
Stephen Ursery
LinnellTaylor Marketing
(303) 682-3945
[email protected]

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SOURCE Hamilton Zanze & Company