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Downtown West

Salt Lake City, Utah

Off-market acquisition and repositioning of a 418-unit garden-style apartment community in Salt Lake City, Utah. 

Investment Highlights:

  • Acquisition pricing represented a significant discount to replacement cost 
  • Dynamic urban location with considerable in-migration, resilient economic fundamentals, and robust growth driven by the diverse job market
  • Expected return on investment generated through interior and exterior capital expenditures
  • Durable and growing cash flow with significant upside through mark-to-market of rents
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