Hamilton Zanze, a leading San Francisco-based multifamily real estate investment firm, announced it has sponsored the purchase of Village of the Pines, a garden-style apartment community in Reno, Nevada. The acquisition closed on Oct. 9.
Mission Rock Residential, an affiliate of Hamilton Zanze, has assumed management of the community, which is located just east of key thoroughfare Interstate 580.
“We’ve long admired the Reno market, and we’re excited to sponsor the acquisition of Village of the Pines,” said David Nelson, president and chief investment officer at Hamilton Zanze. “This investment presents a fantastic opportunity for HZ investors to participate in Reno’s post-COVID growth. We were able to assume a highly accretive, fixed-rate agency loan that ensures strong cash flow throughout the hold period. This opportunity was sourced off-market through HZ’s strong relationships in the region. We look forward to pursuing additional investment opportunities in the rapidly growing Reno market.”
Located at 700 E Peckham Lane, Village of the Pines features 272 one-, two- and three-bedroom homes with various layouts available. The community, built in 1974, offers prime freeway access and is within a quick commute of Meadowood Mall, Reno-Sparks Convention Center, Atlantis Casino Resort Spa and a wide variety of additional retail and dining options.
Common-area amenities at the pet-friendly community include an outdoor swimming pool, barbecue/picnic areas, covered parking, laundry facility, playground and an onsite gym.
Homes include air conditioning, wood-style flooring, high-speed internet and private patios or balconies.
The transaction represents Hamilton Zanze’s sixth sponsored acquisition of 2025. This includes two June acquisitions in the Reno area, Lakeview and Sand Pebble/Spanish Oaks.
