Hamilton Zanze Sells 196-Unit Indigo 19 Apartments in Virginia Beach
VIRGINIA BEACH, VIRGINIA, OCTOBER 28, 2026 — Hamilton Zanze, a San Francisco-based multifamily real estate investment firm, announced the sale of Indigo 19, a 196-unit apartment community in Virginia Beach, Virginia. The firm acquired the property in January 2020.
"We are pleased with the sale of Indigo 19 following a competitive process that delivered a positive outcome for our investors," said Anthony Ly, senior director of transactions at Hamilton Zanze. "Limited new supply and rent growth have supported the Virginia Beach apartment market, creating a favorable environment for multifamily investment."
The property is located at 1940 Pavilion Drive and was built in 2013. Units include 1-bedroom, 2-bedroom, and 3-bedroom apartments averaging 931 square feet. The community is within walking distance of the Virginia Beach oceanfront and approximately 17.3 miles from downtown Norfolk, with access to Interstate 264 and U.S. Route 58.
During its ownership period, Hamilton Zanze completed a capital improvement program that included roof maintenance and repairs, fire and life-safety improvements, HVAC work, exterior improvements, and sustainability initiatives. The firm renovated apartment homes with upgrades including vinyl plank flooring and tile backsplashes, and refreshed community amenities in the clubhouse.
Apartment features include granite countertops, stainless steel appliances, open-concept designs, private patios and balconies, 9-foot ceilings, and full-size in-unit washers and dryers. Community amenities include a resort-style pool, 2-story clubhouse, fitness center, business center, grilling stations, and bicycle storage.
The property is near major area employers including Naval Air Station Oceana-Dam Neck, Sentara Healthcare, Joint Expeditionary Base Little Creek-Fort Story, and GEICO.
According to the company, the sale represents Hamilton Zanze's second disposition of 2025. The firm has sold more than $4.5 billion in multifamily properties since its founding in 2001.