Hamilton Zanze

What Hamilton Zanze does

Hamilton Zanze is a San Francisco-based private real estate investment firm founded in 2001 by Mark Hamilton and Tony Zanze. The firm invests in Class B or better, 1990s-vintage or newer, garden-style multifamily communities in suburban infill markets with sustainable employment and population growth. As of Q4 2025, Hamilton Zanze has sponsored approximately $8.1 billion in cumulative multifamily acquisitions across 21,606 units and 120 properties in 16 states, and has executed $5 billion in dispositions across 167 properties since inception. The investor base exceeds 2,300 accredited individual investors, alongside institutional partners, with founders, employees, and immediate family constituting the largest investor group in the portfolio.

The firm's product suite spans tax-deferred and direct investment vehicles, including 1031 exchange solutions (minimum $100,000, structured as Delaware Statutory Trusts), direct cash investments (minimum $50,000, structured as LLC partnerships), 721 exchange/UPREIT interests, the HZ Evergreen Fund (launched August 2024), and discretionary funds for institutional capital (HZ GP Fund I, raised in 2023, with HZ GP Fund II planned for Q2 2026). Investment operations are supported by affiliated property manager Mission Rock Residential, which deploys over 800 professionals managing more than 30,000 units. The firm also deploys smart thermostats, smart locks, and leak sensors across its portfolio, and uses Juniper Square as its investor portal platform for onboarding, subscription documents, and quarterly distribution processing.

Hamilton Zanze's revenue model combines transaction-based fees (acquisition and disposition), recurring asset management fees on its portfolio, and promoted/carried interest from its discretionary funds, with investor distributions paid quarterly via ACH. The go-to-market is hybrid: direct relationship-led outreach to accredited investors, an advisor referral network (financial advisors, CPAs, estate planners, brokers), educational webinars and content marketing, and dedicated institutional capital markets engagement led by a Managing Director of Capital Markets. Named institutional partners include Davidson Kempner Capital Management, Investcorp, and DCA Partners.

Name

Hamilton Zanze

Legal name

Hamilton Zanze & Company

Website

https://hamiltonzanze.com

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

51–100 employees

Short description

Hamilton Zanze is a San Francisco-based private multifamily real estate investment firm founded in 2001 that offers accredited investors and institutional partners tax-efficient investment vehicles, including 1031 exchanges, the HZ Evergreen Fund, and direct cash investments across 16 states.

Ownership category

akta.pro rank

Product category

Multifamily Real Estate Investment Management

NAICS

Portfolio Management and Investment Advice (523940), Other Financial Vehicles (52599), Funds, Trusts, and Other Financial Vehicles (525)

SIC

Real Estate Dealers (For Their Own Account) (6532), Investment Advice (6282)

akta.pro primary industry

Family Wealth & Multi-Generational Planning RIAs (HNW/UHNW-lite) (FSAAACAH)

akta.pro secondary industry

Family Office Advisory & Outsourced CIO (OCIO) (FSAAADAC)

Keywords

• Multifamily real estate investment
• 1031 exchange solutions
• 721 exchange UPREIT
• Accredited investor offerings
• Institutional real estate partnerships

Headquarters

HQ city

San Francisco

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Acquisition Fees: Fees charged upon the acquisition of multifamily properties for investors, typically structured as a percentage of purchase price.
2. Asset Management Fees: Ongoing fees for managing multifamily properties and investor portfolios, charged regularly during the hold period.
3. Disposition Fees: Fees charged upon the sale of multifamily properties, typically as a percentage of the sale price.
4. Promoted Interest / Carried Interest: Through discretionary funds (e.g., HZ GP Fund I), Hamilton Zanze earns shared fees from joint venture partners including acquisition, asset management, and promoted interest, augmenting returns.
5. Investor Distributions: Properties distribute cash flow to investors quarterly through direct deposit (ACH). The distribution amount may change based on property performance. This represents the income stream returned to investors from the underlying real estate operations.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels11 records

Core offering

Hamilton Zanze is a San Francisco-based real estate investment firm that owns and operates multifamily apartment communities across 16 states, offering accredited investors access to institutional-quality multifamily real estate through tax-deferred investment vehicles including 1031 exchanges, 721 exchanges, direct cash investments, and the HZ Evergreen Fund. The firm also partners with institutional capital on joint ventures and discretionary funds targeting value-add and opportunistic multifamily transactions.

Product overview

Hamilton Zanze is a San Francisco-based real estate investment firm offering a unified platform of multifamily investment products. The core offerings include 1031 Exchange solutions for tax-deferred reinvestment, the HZ Evergreen Fund as a long-term diversified vehicle, 721 Exchange (UPREIT) structures for tax deferral through fund participation, Direct Cash Investments for direct property ownership, and Institutional Partnerships for joint venture investments. The firm also deploys smart property technology including smart thermostats, smart locks, and leak sensors across its portfolio to enhance operational efficiency and resident experience. All offerings are interconnected through Hamilton Zanze's vertically integrated model with affiliated property manager Mission Rock Residential, enabling investors to transition between structures (e.g., 1031 to 721 into the Evergreen Fund) while maintaining professional management and tax efficiency.

Differentiator

Problem solved

Functional benefit

Products and services

• 1031 Exchange Tax-deferral solution allowing real estate investors to defer capital gains taxes by reinvesting proceeds from sold investment properties into like-kind multifamily properties managed by Hamilton Zanze. Minimum investment is $100,000, structured as DST interests.
• HZ Evergreen Fund Long-term diversified real estate investment vehicle that pools institutional-quality multifamily assets into a large, actively managed portfolio across growth markets nationwide. Converts property interests into Fund shares, offering liquidity through twice-yearly redemption windows, portfolio diversification, tax advantages through 721 exchange structure, and simplified reporting via a single K-1.
• 721 Exchange (UPREIT) Tax-deferral strategy allowing real estate owners to contribute property into a partnership in exchange for equity (OP units) while deferring capital gains taxes. Integrated into the HZ Evergreen Fund structure as a 721 exchange entry pathway.
• Direct Cash Investments Investment option allowing accredited investors to directly invest in pre-identified single properties or portfolios of properties across 28 markets in 16 states. Minimum investment is $50,000, typically structured as an LLC partnership invested in one or more properties with a usual hold time of seven to 10 years.
• Institutional Partnerships Joint venture and partnership structures for institutional investors, including single-asset joint ventures, programmatic joint ventures, and discretionary funds (HZ GP Fund I). Focuses on value-add and opportunistic multifamily transactions greater than $100M in deal size.
• HZ GP Fund I Discretionary general partner fund enabling Hamilton Zanze's acquisition team to invest in unique deal opportunities with agility and surety of capital. Earns shared fees from joint venture partners including acquisition, asset management, and promoted interest, augmenting returns. HZ GP Fund II fundraising is planned for Q2 2026.

Quantifiable outcome

• 21,606 units across 120 properties in 16 states as of Q4 2025; $8.1B in acquisitions and $5B in dispositions since inception.
• +4 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Three partnerships are on record, tiered core and minor.

• Mission Rock ResidentialcoreStrategic or Co-development PartnerMission Rock Residential (MRR) is Hamilton Zanze's affiliated property management company, founded in 2012. MRR manages over 30,000 units across the U.S. with over 800 professionals. The partnership actively protects and improves Hamilton Zanze's investments, reducing controllable expenses and maximizing net operating income. MRR also serves institutional clients including Starwood Capital, LivCor, UBS Realty, New York Life, and Prudential Real Estate.
• Graham Street RealtyminorStrategic or Co-development PartnerGraham Street Realty is a San Francisco-based commercial real estate company created by Hamilton Zanze principals to invest in commercial properties with a focus on improving asset values.
• Juniper SquarecoreTechnology or IntegrationJuniper Square is the investor portal platform used by Hamilton Zanze for investor onboarding, data management, subscription agreements, compliance checks, IRA custodian coordination, and quarterly distribution processes including ACH and wire file preparation.

Scale indicators11 records

Recent moves8 records

Expansion highlights5 records

Emerging players

• FPA Multifamily: FPA is a value-add multifamily sponsor focused on the western US, with overlapping target markets and institutional-quality deal flow. Smaller and earlier-stage than HZ, but pursues directly comparable value-add multifamily strategies.

Broad incumbents

• Starwood Capital Group: Starwood is a global real estate investment manager with substantial multifamily exposure through SOF series funds and as a client of Mission Rock Residential. It operates in the same value-add multifamily niche but at much broader scale and with multiple strategies.
• Blackstone Real Estate (BREIT): Blackstone's BREIT and core+ multifamily strategies represent the largest institutional scale competitor in the same asset class. While operating at vastly greater scale with a permanent-capital vehicle, BREIT competes for both institutional capital and accredited investor dollars.

Direct peers

• Bluerock Real Estate: Bluerock sponsors institutional-quality multifamily investment programs through private funds and is widely distributed through the financial-advisor channel. Highly comparable in fund structure, target investor, and asset-class focus to Hamilton Zanze.
• TruAmerica Multifamily: TruAmerica is a vertically integrated multifamily investment manager focused on value-add opportunities in Western US markets. Its overlapping geography, value-add strategy, and institutional capital partner base make it a strong comparable.
• Inland Real Estate Group / Inland Pacific Capital: Inland Private Capital operates a large 1031 exchange/DST program sponsoring single-tenant net-lease and multifamily offerings to HNW investors. It is the closest comparable in serving the 1031/721 investor funnel with institutional-quality product.
• Passco Companies: Passco is a sponsor specializing in Class A multifamily and other commercial real estate, with a focus on 1031 exchange DST programs and direct-investor product offerings. Like Hamilton Zanze, it targets HNW investors with value-add multifamily strategies and offers both standalone property and fund products.
• Capital Square: Capital Square is an active sponsor of 1031 exchange DST and Delaware Statutory Trust offerings across multifamily and other real estate asset classes. Like HZ, it serves financial-advisor channels and tax-deferral-focused HNW investors.
• Steadfast Companies: Steadfast is a vertically integrated multifamily investment and management firm running value-add strategies across the Sun Belt and Western US. Its structure as a REIT/sponsor with HNW investor access parallels Hamilton Zanze's GP and JV model.

Others

• Juniper Square: Juniper Square is Hamilton Zanze's investor portal and fund-administration platform. As an enabling technology provider it sits alongside HZ in the same investor-services ecosystem rather than as a competitor.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@HamiltonZanze
• Facebookfacebook.com/hamiltonzanze
• LinkedInlinkedin.com/company/hamilton-zanze
• Instagraminstagram.com/hamiltonzanze
• Xx.com/hamiltonzanze

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hamilton Zanze