Hamilton Zanze Acquires 300-Unit Vital at Springbrook in Alcoa Tennessee for $120 Million

Hamilton Zanze announced the acquisition of Vital at Springbrook, a 300-unit garden-style community in Alcoa, Tennessee, within the Knoxville metro area. The transaction closed on October 27, 2026.

Mission Rock Residential, an affiliate of Hamilton Zanze, assumed management of the property, which sits on 9.75 acres within Springbrook Farms, a master-planned, mixed-use development in the Maryville-Alcoa submarket of Blount County. The company will operate Vital at Springbrook alongside its 14 other Tennessee communities, totaling 3,451 units, sharing regional vendors and staff with properties in Chattanooga and Nashville.

David Nelson, president and chief investment officer at Hamilton Zanze, said in the release, “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., Vital at Springbrook offers studio, one-bedroom and two-bedroom homes across 25 floor plans, ranging from 570 to 1,375 square feet and averaging 846 square feet. Completed in 2024, the property is the only elevator-served community with air-conditioned corridors in the Maryville/Alcoa submarket, according to the release.

Units feature 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 a lounge, coffee bar and billiards, a fitness center, a golf simulator, and dog and car wash stations.

The transaction represents Hamilton Zanze’s fourth sponsored acquisition of 2026.