Hamilton Zanze Announces Sale of Parkway Apartments

Firm Instituted Several Upgrades in Seven-Year Ownership of Garden-Style Community

SAN FRANCISCO, Aug. 5, 2025 /PRNewswire/ -- Hamilton Zanze, a leading San Francisco-based multifamily real estate investment firm, announced today that it has sold Parkway Apartments, a 148-unit garden-style community in Williamsburg, Va. The firm sponsored the acquisition of the property in January 2018 and closed the sale on July 30. 

Hamilton Zanze completed several upgrade measures to the community, including a remodeling of the clubhouse and the implementation of environmentally conscious plumbing improvements.

"We are very pleased to complete the disposition of Parkway Apartments," said Anthony Ly, Senior Director of Dispositions at Hamilton Zanze. "Our team is delighted to execute this disposition during a tough cycle for transaction activity, and we believe the seven-year ownership and ensuing sale of this asset represent a significant win for our investors."

Situated at 416 Merrimac Trail, Parkway Apartments was built in 1974 and features one-, two- and three-bedroom homes as large as 1,350 square feet. The community, which is composed of five buildings, is within a quick commute of downtown Williamsburg and the area's abundance of shopping and dining areas. The community is also within a short drive of key thoroughfares Interstate 64, U.S. Highway 60 and U.S. 119. 

Community amenities include a swimming pool, barbecue and picnic areas, coffee bar, playground, laundry facilities, digital package lockers, a state-of-the-art fitness center and resident clubhouse. The homes feature oak cabinetry, separate dining areas, walk-in closets and private patios or balconies. Select homes include washer and dryer connections. 

Parkway is surrounded by several amusement parks and outdoor activities, including Busch Gardens, Go Ape Zipline and Adventure Park. Nearby grocers include Food Lion, Terrace Grocery and Harris Teeter.

The sale represents Hamilton Zanze's second disposition in 2025. The firm has sold over $4 billion in multifamily properties since its founding in 2001.

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 $6.9 billion in multifamily assets primarily in the Western, Southwestern and Eastern U.S. The company's portfolio currently comprises 122 properties (21,326 units) across 28 markets. For additional information, visit www.hamiltonzanze.com.

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

View original content to download multimedia:https://www.prnewswire.com/news-releases/hamilton-zanze-announces-sale-of-parkway-apartments-302521216.html

SOURCE Hamilton Zanze & Company