Market Rate Housing - 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.
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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.
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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.
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  • 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

  • Olympus Property Buys SLC Community

    Situated in one of Utah’s fastest-growing submarkets, Crossing at Daybreak features a mix one-, two-bedroom and three-bedroom units. The property will be rebranded.

    07 March 2018 14:41

  • 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

  • CBC Brokers Sale of 3 Historic SLC Communities

    Multifamily investors continue to show interest and confidence in the area’s apartment market. Strong demand resulted in multiple offers for all three assets.

    08 November 2017 16:46

  • South Salt Lake City Property Trades for $67M

    On behalf of a private investor, Marcus & Millichap arranged the sale of Lionsgate, a 15-building multifamily property in Murray, Utah. The 400-unit asset is located within minutes of Interstate 15.

    12 September 2017 15:51

  • JV to Develop $110M SLC Community

    Giv Group and Domain Properties will transform a two-acre parcel into The Exchange, a nine-story development that will include market-rate, affordable and micro units, as well as office and retail space.

    04 August 2017 14:37

  • 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

  • Metro Salt Lake City Apartments Sell for $52M

    Marcus & Millichap arranged the deal in Utah's capital city, which has seen considerable population growth since 2010.

    11 August 2016 11:05

  • Utah PaperBox Site Ready To Become Mixed-Use Development

    ClearWater Homes and PEG Development are teaming up with VCBO Architecture on a new residential development in downtown Salt Lake City.

    25 January 2016 16:49

  • 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

  • Gelt Not Salty at All on Salt Lake City

    Two multifamily properties in the Salt Lake City area changed ownership.

    06 July 2015 10:26

  • Utah Poised to Build on 2013′s $1.3B Commercial Investment

    2014 is shaping up to be an important year for Salt Lake City’s real estate market in terms of both residential and commercial sectors. However, it should be noted that 2013 was also a good year for the real estate market. According to the Salt Lake Tribune, the state has seen its best investment figures since before the economic downturn. Last year saw $1.3 billion be poured into the state’s commercial market. That same source writes that, should the amount of available properties have been higher, the figure would have also been considerably larger.

    17 January 2014 00:02

  • Orem Approves Mixed-Use Plan for University Mall; State Weighs Relocating Utah State Prison in Draper

    As Utah has seen its profile as a tech market become more and more of a draw, local authorities are trying to make sure that they facilitate the creation of the proper environment to make more growth possible. Now, as the state’s job market is one of the healthiest in the entire country, and Salt Lake City, the largest city in Utah, is set to have one of the best office markets in 2014, policies are being drawn up to attract further interest to the area’s tech market. However, a major hurdle is in the way of one of the most important development areas for SLC’s tech market, the Standard-Examiner writes.

    20 December 2013 00:04

  • Metro Salt Lake City M-F Market Keeps Gathering Steam: Cushman & Wakefield

    The city’s apartment market is rarely taken to the forefront of real estate news but Cushman & Wakefield’s annual Apartment Market Report has shed some light on the state of Salt Lake City’s residential market. The report contains important information regarding apartment vacancy and rental stats, while also including a positive projection for 2014. The real estate company focused on mid to large apartment communities in Salt Lake County.

    26 September 2013 17:26