The Ridge at Hamilton Crossing Apartments offers one-, two-, and three-bedroom apartment homes with modern amenities. This gated community features open floor plans, high ceilings, and large windows for ample natural light. Community amenities include a pool, fitness center, clubhouse, playground, and dog park.
The business plan established for Ridge at Hamilton Crossing included improved operations from our in-house hands-on property management team at StoneRiver Property Management, an increase of ancillary income, upgraded amenities to further expand the luxury resident experience, and minor unit improvements to freshen and maintain high-end finishes. Due to the property’s attractive basis, its strong submarket, and our experience and expertise in the Knoxville market the property resulted in a successful first investment for Fund II.
Luxury Suburban, Garden Style Apartments
2015 & 2018
# of Units
Attractive Basis – Ridge at Hamilton Crossing’s purchase price was significantly below nearby properties being sold in the market.
Improvement Management – SRPM demonstrated prior success in the Knoxville market, including the recent development, lease-up, and disposition of Village at Westland Cove. StoneRiver Property Management increased rents and ancillary revenue and re-energized the community through resident events.
Quality Location – Ridge at Hamilton Crossing is a Class A community located in the underserved and expanding Maryville submarket.
The views, opinions, and assumptions expressed on this website are subject to change without notice, may not come to pass, and do not represent a recommendation or offer of any particular security, strategy, or investment. This website is not intended to be, nor shall it be construed as, investment advice or a recommendation of any kind. No representation or guarantee is being made that an investor will or is likely to achieve any results shown on this website, make any profit at all, or not suffer losses, from any future investment sponsored by StoneRiver. Past performance is not indicative of future results. It should not be assumed that investments made by the Fund will equal the performance of previous StoneRiver funds or investments or be profitable. Sources of Information: Certain information and data contained herein are based on or derived from information provided by independent third-party sources. StoneRiver believes that such information is accurate and that the sources from which it has been obtained are reliable; however, it cannot guarantee the accuracy of such information and has not independently verified the accuracy or completeness of such information or the assumptions on which such information is based.