Salt Lake City
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.
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.
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.
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.
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.
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.
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.
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.