Gateway on Gilbert Former owner Hamilton Zanze implemented more than $3 million in capital improvements.

MESA, AZ—Built in 1985, Gateway on Gilbert is a 432-unit apartment community located at 1710 S. Gilbert Rd., approximately 20 miles southeast of Downtown Phoenix and at the center of several business corridors. During an ownership period of almost three years, San Francisco-based real estate investment company Hamilton Zanze implemented more than $3 million in capital improvements, including 216 unit upgrades, an extensive roof replacement and clubhouse remodel.

Hamilton Zanze and New York-based joint venture partner Dome Equities recently sold Gateway on Gilbert Apartments to Capital Real Estate LLC for an undisclosed price. At the time of sale, occupancy of the class-B asset was 96%. ARA Newmark represented the sellers.

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Lisa Brown

Lisa Brown is an editor for the south and west regions of She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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