San Francisco-based real estate investment firm Hamilton Zanze has acquired the 170-unit Steelyard & IceHouse Apartments in St. Louis, Missouri. The deal closed April 10.
The purchase marks the firm’s fifth acquisition of the year, second property in St. Louis and first self-sponsored Delaware Statutory Trust (DST).
Steelyard is a Class-A, mid-rise community in downtown St. Louis. The developer, LuxLiving, first renovated a 1924 warehouse (The IceHouse) in 2016 to create 42 lofts with open-concept floorplans and state-of-the-art amenities. An additional 128 units (The Steelyard) were built on a neighboring lot formerly home to several small warehouses and industrial structures.
The now combined community offers a mix of luxury studios, one-, two- and three-bedroom units averaging 784 square feet in size with amenities including smart home technology.
Community amenities include a saltwater swimming pool and hot spa, poolside bar, snack bar, barbecue and lounging area, dog park and washroom, rooftop entertainment deck, fitness center and concierge service.
Property management has been transferred to affiliated company Mission Rock Residential.