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SAN FRANCISCO, Aug. 5, 2025 ~ San Francisco-based multifamily real estate investment firm, Hamilton Zanze, has announced the successful sale of Parkway Apartments, a 148-unit garden-style community located in Williamsburg, Virginia. The property was acquired by the firm in January 2018 and the sale was finalized on July 30.
Under Hamilton Zanze's ownership, several upgrades were made to the community including a complete renovation of the clubhouse and environmentally conscious plumbing improvements. Built in 1974, Parkway Apartments offers one-, two-, and three-bedroom homes with spacious layouts up to 1,350 square feet. Its prime location allows for easy access to downtown Williamsburg.
Anthony Ly, Senior Director of Dispositions at Hamilton Zanze expressed his satisfaction with the completion of this transaction during a challenging market cycle. He stated, "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."
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Situated at 416 Merrimac Trail, Parkway Apartments is composed of five buildings and offers a variety of amenities for its residents. These 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. Some units also include washer and dryer connections.
In addition to its convenient location near downtown Williamsburg and its abundance of shopping and dining options, Parkway Apartments is also easily accessible from major highways such as Interstate 64, U.S. Highway 60 and U.S. 119.
Residents of Parkway Apartments can also enjoy nearby attractions such as Busch Gardens amusement park and Go Ape Zipline and Adventure Park. For everyday needs, there are several grocery stores in close proximity including Food Lion, Terrace Grocery and Harris Teeter.
This sale marks Hamilton Zanze's second disposition in 2025 and adds to their impressive track record of over $4 billion in multifamily property sales since the company's establishment in 2001. With a commitment to providing quality investments and exceptional service, Hamilton Zanze continues to be a leader in the real estate investment industry.
Under Hamilton Zanze's ownership, several upgrades were made to the community including a complete renovation of the clubhouse and environmentally conscious plumbing improvements. Built in 1974, Parkway Apartments offers one-, two-, and three-bedroom homes with spacious layouts up to 1,350 square feet. Its prime location allows for easy access to downtown Williamsburg.
Anthony Ly, Senior Director of Dispositions at Hamilton Zanze expressed his satisfaction with the completion of this transaction during a challenging market cycle. He stated, "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."
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Situated at 416 Merrimac Trail, Parkway Apartments is composed of five buildings and offers a variety of amenities for its residents. These 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. Some units also include washer and dryer connections.
In addition to its convenient location near downtown Williamsburg and its abundance of shopping and dining options, Parkway Apartments is also easily accessible from major highways such as Interstate 64, U.S. Highway 60 and U.S. 119.
Residents of Parkway Apartments can also enjoy nearby attractions such as Busch Gardens amusement park and Go Ape Zipline and Adventure Park. For everyday needs, there are several grocery stores in close proximity including Food Lion, Terrace Grocery and Harris Teeter.
This sale marks Hamilton Zanze's second disposition in 2025 and adds to their impressive track record of over $4 billion in multifamily property sales since the company's establishment in 2001. With a commitment to providing quality investments and exceptional service, Hamilton Zanze continues to be a leader in the real estate investment industry.
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