Hamilton Zanze Adds 2 Properties to Evergreen Fund, Bringing Total to 12 Communities Worth Over $800 Million

Hamilton Zanze announced the addition of two multifamily communities to its HZ Evergreen Fund. The properties are Ecco Apartments in Eugene, Oregon, and The Kingson in Fredericksburg, Virginia. With these contributions, the fund now holds 12 properties.

According to the announcement, the Evergreen Fund's net asset value now exceeds $340 million, with gross asset value surpassing $800 million. The fund's holdings have an average vintage of 1997 and span 6 states: Arizona, Colorado, Kansas, Oregon, Virginia, and Washington.

"Ecco and The Kingson represent more than our 11th and 12th property contributions. They demonstrate the Fund's continued growth and progress toward greater diversification for investors," said Kurt Houtkooper, CEO of Hamilton Zanze. "The Kingson establishes the Fund's presence in Virginia and on the East Coast, a region we have long viewed as a strategic priority, while Ecco strengthens our position in Oregon with exposure to a stable, university-anchored submarket. As the Fund continues to grow, we remain committed to delivering predictable income, tax efficiency and long-term value creation for our investors."

Ecco is a garden-style Class B+ community built in 2015 on nearly 7 acres near the Willamette River in Eugene, Oregon. The property is located 4.4 miles northwest of Downtown Eugene and 5.3 miles from the University of Oregon, which enrolls 24,000 students and employs 10,000 people. The property consists of 14 three-story residential buildings totaling 192 units. Units range from 667 to 1,215 square feet and feature granite countertops, breakfast bars, washers and dryers, 9-foot ceilings, and large windows.

The Kingson is a 240-unit, Class A, garden-style community in Fredericksburg, Virginia, within the greater Washington, D.C., metropolitan area. Unit amenities include granite countertops and stainless-steel appliances. Community amenities include a business center, grand lobby, and fitness center.

The HZ Evergreen Fund launched in August 2024. The company describes it as a long-term, diversified real estate investment vehicle that pools institutional-quality multifamily assets into an actively managed portfolio across growth markets nationwide.