Hamilton Urban Partners has raised over $65M of private investments and assembled an extensive real estate portfolio.


Hamilton Urban Partners works with select qualified private capital sources to acquire, redevelop, and develop multifamily projects in the Puget Sound area. The firm holds properties long term and sells only opportunistically. HUP actively asset manages its portfolio and engages with key third party management firms for day to day management services.

In 2022 HUP launched its first fund, Hamilton Urban Multifamily Fund I.   Initial closing of the $25M fund occurred May of 2022 and final closing is scheduled for April 2023.  Leveraging HUPs extensive track record, the fund is focused on value-add multifamily projects in the Puget Sound region.


After successfully collaborating on several projects in 2008 and 2009, Ken Tousley and Charlie Waterman decided to join forces, forming Hamilton Urban Partners in 2010. The two founders have deep roots in the Pacific Northwest and a firm belief in the future growth potential of this area. The team is passionate about providing high quality housing solutions while delivering attractive returns to its investors.

Ken Tousley

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

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.

Core Values

Believing in an ethical approach to business that balances resident, neighborhood and investor needs, the company has established the following core values.


Honesty and transparency with investors and stakeholders builds crucial trust


Hard work and dedication enable us to succeed


Optimal products and services set us apart from the competition


Strong returns generate satisfied and repeat investors