The Highlands, situated at 10020 W. 80th Street, serves as the latest component of a portfolio designed to capture value in markets with constrained new supply and robust employment. The property was acquired at a 48% discount to replacement cost and is backed by a 10-year, full-term interest-only Fannie Mae loan at a fixed 5.06% rate. Overland Park, home to major corporate players like T-Mobile and Oracle, provides the demographic stability the fund targets for its long-term strategy.
Hamilton Zanze Hits Milestone as Evergreen Fund Crosses $300M in Assets
With the addition of The Highlands, a 448-unit community in Overland Park, Kansas, the Hamilton Zanze Evergreen Fund has reached 10 properties. The transaction pushes the fund’s net asset value past the $300 million mark, underscoring a rapid expansion for the investment vehicle since its launch in August 2024.
CEO Kurt Houtkooper noted that the milestone validates the fund's scaling efforts since its 2024 debut. The platform aims for an eventual portfolio of 50 institutional-quality multifamily communities across the U.S. To further this growth, the firm is expanding participation options, allowing qualified property contributions through 721 exchanges and preparing for a limited direct cash investment offering later this year. The fund currently maintains holdings across Kansas, Colorado, Arizona, Oregon, and Washington, focusing on tax efficiency and predictable distributions for its investors.
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