Hamilton Zanze Sponsors the Acquisition of 1400 Chestnut Apartments
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SAN FRANCISCO, March 18, 2025 ~ Journalist: Hamilton Zanze, a prominent real estate investment firm based in San Francisco, has recently announced their sponsorship of the purchase of 1400 Chestnut Apartments in Chattanooga, Tennessee. The acquisition was finalized on March 11th and Mission Rock Residential, an affiliate of Hamilton Zanze, has taken over management of the property.

The 200-home midrise apartment community is located just south of the bustling City Center neighborhood and is approximately one mile away from The University of Tennessee at Chattanooga. This prime location offers residents easy access to a variety of amenities and attractions.

Residents at 1400 Chestnut can enjoy a range of common-area amenities including 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. These features provide a luxurious and convenient living experience for tenants.

David Nelson, president and chief investment officer at Hamilton Zanze expressed his excitement about the acquisition stating that it is their third property in the city. He also highlighted the opportunity to secure a high-quality community in an area with limited incoming supply. The property's location near transformative developments such as The Bend mixed-use community and the new stadium for the Chattanooga Lookouts adds to its appeal.

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Built in 2017, 1400 Chestnut offers one- and two-bedroom apartment homes ranging from 672 to 1,202 square feet. These homes are equipped with 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. Some units also feature private patios or balconies.

In addition to these amenities within each unit, residents also have access to garage parking, bike storage and a bike repair station. The pet-friendly community is within walking distance or a short commute to City Center, which offers a diverse range of retail, dining, nightlife and cultural attractions. It is also conveniently located near the Chattanooga Farmers Market, Whole Foods Market and the Chattanooga Convention Center. The area also provides various transit options for easy access to the greater metropolitan area.

This transaction marks Hamilton Zanze's second sponsored acquisition of 2025, showcasing their continued growth and success in the real estate market. With their expertise and commitment to providing high-quality communities in desirable locations, 1400 Chestnut is sure to be a valuable addition to their portfolio.
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