{"id":1004099923,"date":"2014-07-04T09:39:46","date_gmt":"2014-07-04T17:39:46","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=274293"},"modified":"2022-12-09T01:27:16","modified_gmt":"2022-12-09T09:27:16","slug":"cbre-represents-hamilton-zanze-in-the-sale-of-600-unit-multifamily-complex-in-austin","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cbre-represents-hamilton-zanze-in-the-sale-of-600-unit-multifamily-complex-in-austin\/","title":{"rendered":"CBRE Represents Hamilton Zanze in the Sale of 600-Unit Multifamily Complex in Austin"},"content":{"rendered":"<p style=\"text-align: justify\"><em>By Anca Gagiuc, Associate Editor<\/em><\/p>\n<p style=\"text-align: justify\">One of Austin\u2019s huge apartment complexes located near the Central Business District has a new owner. The Retreat at Barton Creek has been acquired by Southern California-based Paydar Properties for an amount that remains undisclosed.<\/p>\n<p style=\"text-align: justify\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/07\/The-Retreat-at-Barton-Creek_Austin.jpeg\"><img decoding=\"async\" loading=\"lazy\" class=\"alignleft size-medium wp-image-274294\" title=\"The Retreat at Barton Creek_Austin\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/07\/The-Retreat-at-Barton-Creek_Austin.jpeg\" alt=\"\" width=\"300\" height=\"199\" \/><\/a>Charles Cirar, a Vice Chairman with CBRE Multifamily, represented the seller, San Francisco-based Hamilton Zanze and its joint venture partner NYL Investors. Hamilton Zanze acquired the 600-unit multifamily complex in 2007 and ever since it invested over $7 million in capital improvements such as 100 percent renovation of the units, modernizing the pool areas, and upgrading the property\u2019s landscaping.<\/p>\n<p style=\"text-align: justify\">&#8220;We owned Barton Creek for just over seven years and executed on a capital improvement program that significantly enhanced the property&#8217;s appeal and\u00a0operations,\u201d says Kurt Houtkooper, Chief Investment Officer of Hamilton Zanze. \u201cThis transaction speaks to the strength of the Austin market and the high quality of the asset.&#8221;<\/p>\n<p style=\"text-align: justify\">The Retreat at Barton Creek was built in 1984 and occupies about 30 acres. At the time of the sale it was 95 percent occupied. Its location at 3816 South Lamar Boulevard makes it highly attractive to residents as well as its beautiful features, which includes two swimming pools, a clubhouse, a dog park, a 24-hour fitness center with free personal trainer and wonderful panoramic views and easy access to Barton Creek Greenbelt. Additionally, an 800-acre nature preserve running through the city is the perfect spot for hiking, biking, swimming, and other outdoor activities.<\/p>\n<p style=\"text-align: justify\">\n","protected":false},"excerpt":{"rendered":"<p>One of Austin&rsquo;s huge apartment complexes located near the Central Business District has a new owner. The Retreat at Barton Creek has been acquired by southern California-based Paydar Properties for an amount that remains undisclosed.<\/p>\n","protected":false},"author":237,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1578,21742],"tags":[39411,1815],"class_list":["post-1004099923","post","type-post","status-publish","format-standard","hentry","category-austin","category-latest","tag-austin","tag-national"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>CBRE Represents Hamilton Zanze in the Sale of 600-Unit Multifamily Complex in Austin - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/cbre-represents-hamilton-zanze-in-the-sale-of-600-unit-multifamily-complex-in-austin\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CBRE Represents Hamilton Zanze in the Sale of 600-Unit Multifamily Complex in Austin\" \/>\n<meta property=\"og:description\" content=\"One of Austin&rsquo;s huge apartment complexes located near the Central Business District has a new owner. The Retreat at Barton Creek has been acquired by southern California-based Paydar Properties for an amount that remains undisclosed.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/cbre-represents-hamilton-zanze-in-the-sale-of-600-unit-multifamily-complex-in-austin\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2014-07-04T17:39:46+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T09:27:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/07\/The-Retreat-at-Barton-Creek_Austin.jpeg\" \/>\n<meta name=\"author\" content=\"Anca Gagiuc\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cbre-represents-hamilton-zanze-in-the-sale-of-600-unit-multifamily-complex-in-austin\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cbre-represents-hamilton-zanze-in-the-sale-of-600-unit-multifamily-complex-in-austin\\\/\"},\"author\":{\"name\":\"Anca Gagiuc\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/340a1a5e8e7dd137bd91ca1dd3a2e9d7\"},\"headline\":\"CBRE Represents Hamilton Zanze in the Sale of 600-Unit Multifamily Complex in Austin\",\"datePublished\":\"2014-07-04T17:39:46+00:00\",\"dateModified\":\"2022-12-09T09:27:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cbre-represents-hamilton-zanze-in-the-sale-of-600-unit-multifamily-complex-in-austin\\\/\"},\"wordCount\":252,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cbre-represents-hamilton-zanze-in-the-sale-of-600-unit-multifamily-complex-in-austin\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2014\\\/07\\\/The-Retreat-at-Barton-Creek_Austin.jpeg\",\"keywords\":[\"Austin\",\"National\"],\"articleSection\":[\"Austin\",\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cbre-represents-hamilton-zanze-in-the-sale-of-600-unit-multifamily-complex-in-austin\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cbre-represents-hamilton-zanze-in-the-sale-of-600-unit-multifamily-complex-in-austin\\\/\",\"name\":\"CBRE Represents Hamilton Zanze in the Sale of 600-Unit Multifamily Complex in Austin - 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