Since 2009 Hamilton has generated value-add results of 27.4% IRR / 2.7X Equity Multiple for our investors.

Hamilton Urban Partners teams with private and institutional investors on multi-family value-add properties across:

  • Asset acquisition
  • Aggressive asset management
  • ROI-driven renovations
  • Cash flow growth
  • Property re-positioning
  • Maximizing exit returns

We live, work, and focus on the economically robust, housing-constrained, and growing greater Seattle Area Market.


Deliver outsized market returns to our investors and …

  • Improve the living conditions and quality of life for our residents
  • Expand quality affordable housing for the “missing middle”
  • Preserve “historic” architecture
  • Extend existing housing life & avoid new construction’s large carbon footprint

Core Values

Trust • Integrity • Discipline • Quality • Execution • Profitability

Operating Principals

We are first and foremost trusted stewards for our:

  • Investors and their capital
  • Residents’ living experience
  • Partners … no matter how large or small
  • Local communities we invest in

Outsized returns are realized from exhaustive attention to detail, unrivaled execution, and rigorous discipline across acquisition/renovation/asset and resident management/sale.

Ken Tousley
Co-Founder, Partner

Ken leads Hamilton Urban’s acquisitions, product repositioning and renovation teams.  Ken began his multifamily real estate career in 1993 and has a wide range of experience with apartments and condominiums, including development, asset management, brokerage and property management. Prior to teaming up with Charlie, Ken founded Concorde Group, a multifamily development and investment firm. Before founding his own company, he acted as the Development Manager for Mosaic Homes, a development company focused on institutional sized condominium conversions and apartment reposition projects. Prior to Mosaic, Ken worked for major institutional players including Lincoln Property Company, Equity Residential and Colliers. Ken has an MBA from Thunderbird, a BA from Hamilton College, and is proud to be a 5th generation Seattleite.

Charlie Waterman
Co-Founder, Partner

Charlie runs all of Hamilton Urban’s finance and operations and is instrumental in capital sourcing. Charlie began his real estate career in 2002 and has successfully executed numerous real estate investment and development projects. His experience spans the development cycle from land acquisition, design, and construction to lease-up, financing, and disposition. Prior to HUP, Charlie founded Waterman & Company in 2007, a real estate investment and development company focused on mixed-use development in Seattle. Between 2002 and 2007, Charlie acted as Vice President for Waterman Limited, a Seattle based real estate investment company where he pursued real estate investment and development opportunities. Charlie has an MBA from University of Washington’s Foster Business School and a BA from Hamilton College.

Mark de Vere White

Mark leads Hamilton Urban’s capital sourcing, marketing, and investor relations.  Mark spent 25 years as a senior executive at high growth start-ups and publicly traded technology companies.  He began investing in real-estate, teaming with his architect wife Mary Jane, on value-add residential projects in San Francisco in the early 2000’s.  Over the years Mark re-focused his time and resources to multifamily assets as a direct owner/operator and as an LP investor, (Hamilton Urban Partners being one of them), before joining Hamilton as a partner in 2023.  Mark graduated from the University of Pennsylvania, Summa Cum Laude, Phi Betta Kappa.

Zac Strode

Zac joined Hamilton Urban Partners in 2015 and is responsible for acquisitions underwriting, renovation project management, and stabilized asset management. After receiving his BA from Whitman College, Zac started his real estate career in 2009 with Gerding Edlen, where he specialized in launching and stabilizing large scale, mixed-use, multifamily projects. In 2016, he earned his Master of Science in Real Estate (MSRE) at the University of Washington. Zac particularly enjoys the challenging, yet rewarding, process of revitalizing and repositioning distressed assets.