San Francisco-based multifamily real estate investment firm Hamilton Zanze announced on October 20, 2026, that it has sold Indigo 19, a Class A apartment community in Virginia Beach, Virginia.
The 196-unit property, located at 1940 Pavilion Drive, was originally acquired by Hamilton Zanze in January 2020. This transaction marks the firm’s second disposition of 2026. Since its establishment in 2001, the firm has sold over $4.5 billion in multifamily properties.
Indigo 19 Offers Luxury Apartments Near Virginia Beach Oceanfront
Built in 2013, Indigo 19 consists of one-, two- and three-bedroom apartments with an average size of 931 square feet. Resident features include nine-foot ceilings, stainless steel appliances, granite countertops, open-concept designs, full-size in-unit washers and dryers, and private balconies and patios.
The community’s shared amenities include a fitness center, a two-story clubhouse, a business center, a resort-style pool, bicycle storage, and grilling stations. The site is situated within walking distance of the Virginia Beach oceanfront and roughly 17.3 miles from downtown Norfolk, providing access to U.S. Route 58 and Interstate 264. It is located near major employers such as GEICO, Sentara Healthcare, Joint Expeditionary Base Little Creek-Fort Story, and Naval Air Station Oceana-Dam Neck.
Capital Improvements
While owning the asset, Hamilton Zanze executed a capital improvement program. These efforts included sustainability initiatives, HVAC work, exterior improvements, fire and life-safety upgrades, and roof repairs and maintenance.
The firm also updated the clubhouse amenities and renovated individual apartment units with tile backsplashes and vinyl plank flooring.
Market Conditions
The announcement did not disclose the sale price or the identity of the buyer. However, Anthony Ly, senior director of transactions at Hamilton Zanze, attributed the success of the sale to a competitive process and specific local market trends.
Ly stated, Limited new supply and rent growth have supported the Virginia Beach apartment market, creating a favorable environment for multifamily investment.
Company Portfolio
Hamilton Zanze and its affiliates have reached a total transaction volume of $14.9 billion in multifamily assets since starting in 2001. The firm currently manages 24,916 units and 87 ventures in 29 different markets across the United States.
Regarding the Virginia Beach transaction, Ly said the competitive process delivered a positive outcome for our investors.
Related reading
Pat McAfee says he hates University of Utah after ‘College GameDay’ video – LA Times
Pat McAfee Puts University of Utah in His Crosshairs After Social Media Video In a tense fallout that...
Franklin Web Printing Empowers The Contributor for Nearly Two Decades
For nearly two decades, a partnership has turned the act of printing a newspaper into a vehicle for...
Aquinas Hall Undergoes Major Renovation at Providence College
Built in 1933 as Providence College's first residence hall and just the second building on campus, Aquinas Hall...
Green Bay Packers missed passing opportunities defined Week 7 game
A handful of missed passing opportunities defined the Green Bay Packers' Week 7 performance against the Detroit Lions,...