On Feb. 25, Hamilton Zanze funded the purchase of City Limits, a 254-unit garden-style community situated between the Middle Tennessee towns of Columbia and Spring Hill in the southern Nashville metro area, according to a news release shared with Multifamily Dive.
Mission Rock Residential, an affiliate of the San Francisco-based real estate investment company, will manage the community, which is located on 16 acres approximately seven miles north of Columbia’s downtown district and four miles southwest of Spring Hill.
“The area has experienced substantial growth over the past 15 years and is well positioned to benefit from continued population growth across the broader Nashville region,” David Nelson, president and chief investment officer at the firm, said in the news release. “The asset’s proximity to major employers—including GM’s largest North American manufacturing plant and Maury Regional Medical Center—along with its strong construction quality and affluent local demographics made it a compelling addition to our portfolio.”
City Limits, built in 2022, features one-, two- and three-bedroom homes ranging from 779 to 1,458 square feet. The three-story community provides connectivity to boutique shops, historical sites and a variety of dining options in Columbia and Spring Hill. Nashville is within a 40-minute drive of the community.
The gated property’s amenities include a resort-style swimming pool, grilling station, resident clubhouse, conference room, recreation room, onsite pet park and pet spa, playground, putting green, sand volleyball court and fitness center. The community also offers carport and garage parking options.
The property’s apartments feature custom cabinetry, wood-inspired plank flooring, quartz countertops, pendant lighting, upgraded plumbing fixtures, oversized primary bedrooms, large walk-in closets, in-home washers and dryers, ceiling fans, air-conditioning, garden bathtubs and private patios or balconies.
The acquisition marks Hamilton Zanze’s third purchase in the Spring Hill/Maury County submarket, per the news release.
Over the past couple of years, Nashville has been one of the poster children for high-supply Sun Belt markets, with the vacancy rate jumping from 8.5% in 2024 to 11.1% in 2025, according to Realtor.com. The median rent fell 4.5% year over year to $1,471 in January 2026.
The situation is mixed in the submarkets near City Limits. In Columbia, rents fell 6% to $1,595 over the past year, according to Zumper. However, in Spring Hill, they rose 4%.
With the purchase of City Limits, Hamilton Zanze has made two sponsored property acquisitions so far in 2026, following seven in 2025. Currently, the firm’s portfolio comprises 88 assets, totaling 25,356 units, across 29 markets.
In October, the firm bought the Village of the Pines, a 272-unit property in Reno, Nevada.
“Hamilton Zanze will continue to pursue acquisition opportunities to expand its scale and presence in this growing market,” Ian O’Connor, director of acquisitions at Hamilton Zanze Investments, told Multifamily Dive in emailed comments last year.
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