HOUSTON, September 15, 2021 / PRNewswire / – San Francisco-Hamilton Zanze (HZ) real estate investment firm is pleased to announce the sale of The Point at Cypress Woods Apartments in suburb of Houston. HZ acquired the property in 2014 and the sale closed on August 25, 2021.
“The dot at Cypress Woods demonstrates our ability to identify multi-family investment opportunities and add value through property appreciation, unit renovations and management improvements,” said Anthony Ly, Head of Dispatch at Hamilton Zanze.
The Point at Cypress Woods was built in 1983 and is located at 11800 Grant Road in Cypress, Texas, a suburban parish in the Northwest Houston Subway area. The property comprises 530 one, two and three bedroom units with high ceilings, modernized kitchens and bathrooms, washer and dryer, balcony or terrace, fireplace, skylight and walk-in closet. Communal facilities include a gated entrance, a 24-hour fitness center, two swimming pools, a spa / whirlpool, a playground, a picnic area with BBQ facilities, a sundeck with lounge chairs, and three on-site laundries.
During their tenure, Hamilton Zanze improved the interiors of the units with new appliances, floors and countertops. The company also upgraded community amenities, including upgrading the pool area, landscaping and irrigation repairs, installing carports, upgrading exterior roofs / siding, and repainting all buildings. The Point at Cypress Woods was 94% full at the time of sale.
The property is close to several major employers in the market, including St. Jude’s Hospital (approximately 10 km from the property) and Hewlett-Packard (6.5 km from the property). The location of the community provides easy access to two major highways that connect residents with the city center Houston and surrounding cities. The Point at Cypress Woods is well located in town cypress, which is now ranked 50th of the 100 highest income urban areas in the US by income per capita. It sits right in front of that Houston Metropolitan area, a major economic and cultural center of the American South and an area expected to experience rapid population growth in the years to come.
ABOVE HAMILTON ZANZE
Hamilton Zanze (HZ) is a San Francisco-based private real estate investment company that owns and operates shared apartments. Since its inception in 2001, Hamilton Zanze has raised more than $ 5 billion in multi-family assets primarily in the western, southwest, and eastern United States. The company currently owns and operates 96 properties (21,975 units) in 15 states. Further information is available at www.hamiltonzanze.com.
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SOURCE Hamilton Zanze