At a glance
- For allocators holding a 2020-vintage multifamily position, the sale is an exit without a disclosed mark, so reported value changes depend on the sponsor's own reporting.
- Indigo 19 at 1940 Pavilion Drive was built in 2013 and holds one-, two- and three-bedroom apartments averaging 931 square feet.
- The hold ran roughly six years and nine months, from January 2020 to the Oct. 23, 2026 sale announcement.
Hamilton Zanze announced the sale of Indigo 19, a 196-unit apartment community in Virginia Beach, Virginia, on Oct. 23, according to Connect CRE. The sponsor acquired the property in January 2020 and did not name the buyer or disclose a price.
For allocators holding a 2020-vintage multifamily position, the sale is an exit without a disclosed mark, so reported value changes depend on the sponsor's own reporting. Hamilton Zanze ran a capital program covering maintenance, HVAC, fire and life-safety work, and sustainability initiatives. Limited partners can ask how that spending is reflected in an exit price that was not disclosed.
Indigo 19 at 1940 Pavilion Drive was built in 2013 and holds one-, two- and three-bedroom apartments averaging 931 square feet. It is within walking distance of the Virginia Beach oceanfront and about 17.3 miles from downtown Norfolk, with access to Interstate 264 and U.S. Route 58.
The hold ran roughly six years and nine months, from January 2020 to the Oct. 23, 2026 sale announcement.
Reported by the Real Estate desk from Connect CRE. Published . Updated Oct 24, 2026 · 2:01 p.m. ET. Corrections