Finance & Investment - Salt Lake City

TruAmerica Expands Salt Lake City Footprint with $46M Buy
The 253-unit Country Lake in Silicon Slopes is the company’s fourth community in the metro. The new owner has plans to renovate the 1973-built property.
Market Rate
Maxx Properties Acquires Salt Lake City Property
The company plans to fully renovate the 361 units and common areas of the 1970s-era Cobble Creek Apartments, which is located 10 miles south of the city’s downtown.
Market Rate
Top 10 Largest Multifamily Deals in Salt Lake City
A list of the most considerable transactions to have taken place in Utah’s largest city year-to-date, emphasizing strong investor interest in the metro.
Market Rate

  • Salt Lake City to Get Affordable Mixed-Use Project

    Columbus Community Center is building a 200,000-square-foot property catering to people with disabilities. Dubbed The Hub of Opportunity, the development will also include commercial and office space.

    26 July 2018 11:27

  • Alpha Wave Expands in Utah

    The company acquired the 94-unit Park Station Apartments, located in the Salt Lake City submarket of Midvale.

    24 July 2018 17:08

  • 29th Street Capital Buys First SLC-Area Community

    The company plans to invest approximately $10,000 per apartment to update Twin Trees Apartments’ 43 units and enhance the property’s exterior.

    19 July 2018 11:38

  • CPP Buys 2 Salt Lake City-Area Affordable Properties

    The assets, totaling 98 units, traded for $14.3 million. The firm succeeded in fully integrating the communities into the Section 8 housing program.

    06 June 2018 18:36

  • Salt Lake City-Area Community Changes Hands for $32M

    Buchanan Street Partners has acquired the 160-unit Pinnacle Fort Union property as a value-add investment.

    05 April 2018 13:31

  • Kennedy Wilson Snags 2 in Salt Lake City for $93M

    The firm is planning on initiating its value-add asset management plan on both properties, Santa Fe in Cottonwood Heights and Creekview in Midvale, investing $5.3 million.

    05 February 2018 16:21

  • Marcus & Millichap Sells $23M Senior Community in Sandy, UT

    Located between Salt Lake City and Provo, Rosegate Sandy broke ground in 2013. The 159-unit asset is located in a submarket that has seen more than seven percent population growth since 2010.

    26 October 2017 14:38

  • CBC Advisors Completes 2 West Coast Multifamily Sales

    The Cove at Overlake in Tooele, Utah, and student housing community The Pines, in Rexburg, Idaho, changed hands in two off-market transactions totaling 204 apartment units.

    15 June 2017 16:22

  • Sandy Community Underway Now that Financing Is in Place

    Dekel Capital provides two loans to get community closer to reality.

    23 November 2015 12:20

  • Utah Market Heats Up with Three SLC-Area Properties Trading Hands

    Berkadia helped arrange financing and deals for three different Utah properties as investors find new love for SLC real estate opportunities.

    20 November 2015 11:08

  • SLC Deal Indicative of Tertiary Market Strength

    TruAmerica continues to expand with Salt Lake City multifamily purchase.

    27 October 2015 16:05

  • Kennedy Wilson Buys East Valley M-F Complex for $61.8 Million

    A Salt Lake City apartment community was recently acquired by an international real estate investment and services firm. Kennedy Wilson has paid a fee of around $61.8 million for the Foothill Place Apartments complex and has secured a financing deal with Berkeley Point Capital LLC in order to complete the acquisition. KW has invested $15 million of private equity in the transaction and for the balance of the purchase with Berkeley, along with the $49.7 million loan provided by Berkeley.

    05 June 2013 20:47

  • Premier Park City Ranch Slated for Sept. 14 Auction

    By Alex Girda, Associate Editor A premier 214-acre Park City residential property is set for a Sept. 14 date with the auctioneer. Located near Park City along a half-mile stretch of the Weber River, RiverBend Ranch was originally priced at $29 million, according to Concierge Auctions. The property features fenced pastures, trails and hillside ranges, [...]

    16 August 2012 16:50

  • Plans Unveiled for $42M Waters Edge Resort on Bear Lake

    By Alex Girda, Associate Editor The developers of the Waters Edge Resort have unveiled their plans for their $42 million project adjacent to Bear Lake. The project will include a hotel, as well as retail and business space, but also a residential component in the form of condominium units. Waters Edge Resort will capitalize on [...]

    01 August 2012 22:05

  • Sugar House Awaits $400M Revival on Streetcar Route

    By Alex Girda, Associate Editor The Sugar House district is among the sections of Salt Lake City that has been affected most severely by the economic downturn. But thanks to the recent resurgence of investment in development, Sugar House could be on the verge of getting a new lease on life. A report from the [...]

    30 May 2012 22:54