Multifamily news in Salt Lake City

Increasing Migration Sustains Demand in Salt Lake City
Boosted by a growing population and solid employment gains, Salt Lake City continues to attract multifamily developers. Roughly 8,600 units were under construction across the metro as of June.
News
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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  • 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

  • Strong Economy Lifts Real Estate in Salt Lake City

    Due to robust employment and solid demographics, Utah’s largest city is generating demand across all asset classes.

    29 March 2018 16:23

  • 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

  • Demand Breaks Records in Salt Lake City

    Solid employment gains are producing a high demand for apartments across the metro, which continues to attract investors and developers alike.

    29 November 2017 14:04

  • 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

  • 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

  • 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

  • SALT Cooks Up Luxury Living

    The company has completed a $100 million community in downtown Salt Lake City. Greystar is managing the 493-unit property, which features a sports club, heated spas and a yoga and spin room.

    09 August 2017 13:08

  • 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

  • Demand Outpaces Supply in Salt Lake City

    Driven by robust population growth and low unemployment, Utah’s largest city is rapidly expanding, generating healthy housing demand. It continues to appeal to major employers, such as Amazon, UPS and big-brand companies based along the Wasatch Front.

    31 July 2017 13:52