Hamilton Zanze sells San Antonio community
DiNapoli Capital Partners acquired Niche Apartments, a 150-unit garden-style community in San Antonio. Eastern West Bank provided the buyer with $20.1 million in acquisition financing, according to Yardi Matrix data. Hamilton Zanza sold the property, which was previously purchased in 2016 for $15.4 million, the same data provider said.
Completed in 2000, the property spans 5.5 acres and features one-, two-, and three-bedroom apartments ranging from 690 to 1,390 square feet with washers and dryers. Communal facilities include a swimming pool, spa, fitness center, dog park, and barbecue areas. During its ownership, Hamilton Zanze improved some of these features, as well as the interiors of 54 units.
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Located at 33 Lynn Batts Lane, the community is within one mile of several retail options, such as a Walmart Supercenter, HEB, and Walgreens. Interstate 410 is less than 2 miles north of Niche Apartments and connects to Interstate 35 and downtown San Antonio. Oakwell TrailHead Park is 2 miles away.
Hamilton Zanze’s portfolio currently has more than 20,600 units across the United States, according to data from Yardi Matrix. In November, the company sold another San Antonio community, the 352 Salado Springs apartments, after a series of upgrades and renovations.