Hamilton Zanze completed the acquisition of Crestone at Shadow Mountain.

Hamilton Zanze, a real estate investment company, completed the acquisition of Crestone at Shadow Mountain, a 248-unit apartment property. Financial terms were not disclosed. "We are excited to further expand our presence in Phoenix with the purchase of Crestone at Shadow Mountain. The 1992-vintage, garden-style asset features institutional quality amenities, ideal location in the supply constrained Northeast Phoenix submarket, in convenient proximity to Paradise Valley Mall and Old Town Scottsdale, and access to the largest employers in North Phoenix, like Taiwan Semiconductors, USAA, Discover Financial, Honeywell, Cigna, Cox Communications, Mayo Clinic, and Merrill Lynch. This property is in a strong position due to its stable, high-income tenant base, supply-constrained location, and extremely competitive amenity and interior package. Crestone at Shadow Mountain will be an asset to the local community for years to come, and we at Hamilton Zanze are proud to be a part of it," David Nelson, Hamilton Zanze CEO.