Hamilton Zanze Acquires 300-Unit Vital at Springbrook in Alcoa Tennessee for $120 Million
ALCOA, TENNESSEE, NOVEMBER 4, 2026 — Hamilton Zanze announced the acquisition of Vital at Springbrook, a 300-unit apartment community in Alcoa, Tennessee, within the Knoxville metro area. The transaction closed on October 27, 2026, marking the San Francisco-based investment firm's first entry into the Knoxville market.
Mission Rock Residential, an affiliate of Hamilton Zanze, has assumed management of the property. The community sits on 9.75 acres within Springbrook Farms, a master-planned, mixed-use development in the Maryville-Alcoa submarket of Blount County.
According to the company, Vital at Springbrook will be operated alongside Hamilton Zanze's 14 other Tennessee communities, which total 3,451 units. The property will share regional vendors and staff with the firm's Chattanooga and Nashville assets.
David Nelson, president and chief investment officer at Hamilton Zanze, stated, "Vital at Springbrook marks our first investment in the Knoxville MSA, a market we've been watching closely as we've grown our Tennessee portfolio. Alcoa offers a deep employment base, highly rated schools and limited new supply, and the continued build-out of the surrounding master-planned community is bringing new retail and employment directly to the property's doorstep. With 14 other communities already across Nashville, Clarksville and Chattanooga, Knoxville is a natural next step, and we look forward to growing our presence here."
Located at 1607 Centennial Park Blvd., the community offers studio, 1-bedroom and 2-bedroom homes across 25 floor plans. Units range from 570 to 1,375 square feet and average 846 square feet. Completed in 2024, the property features elevator service and air-conditioned corridors.
Apartment homes include granite countertops, stainless-steel appliances, white Shaker-style cabinetry, kitchen islands, wood-style plank flooring, full-size washers and dryers, walk-in closets and private balconies or patios.
Community amenities include a resort-style pool with cabanas and grilling stations, an 8,700-square-foot clubhouse with lounge, coffee bar and billiards, a fitness center, a golf simulator, and dog and car wash stations.
The company announced this represents its fourth sponsored acquisition of 2026.