Salt Lake City
Salt Lake City Multifamily Report – Winter 2020
Boosted by a growing tech scene and overall solid fundamentals, the metro’s rental market is poised for another healthy year.
Salt Lake City Community Lands $34M Refi
Lake Union Partners’ 263-unit Class A multifamily asset delivered in August 2018.
NorthMarq Arranges $8M Acquisition Loan
The company secured the loan for the acquisition of a 43-unit property located in Park City, Utah.
KeyBank Arranges $140M Refi for 3 Communities
The multifamily properties totaling 950 units are owned by Keller Investment Properties in Utah and Arizona.
Utah Development Receives $36M in Financing
JLL arranged the construction loan for a 214-unit community in American Fork, Utah.
Sun-Powered Utah Community Raises the Bar
When complete in 2020, Soleil Lofts will incorporate the largest solar-powered battery storage network at a multifamily property in the U.S.
Salt Lake City Multifamily Report – Summer 2019
The metro’s multifamily market continues to be strong, supported by job and population gains. Rents increased 3.0 percent year-over-year through May, 50 basis points above the U.S. growth rate.
Olympus Property Expands in Salt Lake City
The company acquired a Class A, garden-style property in the Salt Lake City suburb of South Jordan, from Woodbury Corp. Built in 2012, the asset consists of townhomes with attached garages.
Columbus Pacific Scores $165M for Utah Condo Hotel
The 233-key property in the Park City ski resort will offer full-service vacation residences as well as guestrooms and suites, and is scheduled to debut in winter 2021.
Taking Advantage of Opportunity Zones: A Lesson From SLC
PEG Cos.’ Matt Hansen reveals details about Utah’s first project built in a designated opportunity zone. He also describes how the 195-unit Paperbox fits in the metro’s strong multifamily market.