Offered Below Replacement Cost
The opportunity to acquire a 282-unit multifamily community completed in 2016 at a basis well below today’s replacement cost presents a compelling value proposition for investors seeking high-quality assets at a meaningful discount to current development economics.

Premier Transit-Oriented Location
The property benefits from a premier transit-oriented location adjacent to the Dry Creek TRAX Station, providing residents with convenient access to Interstate 15, Downtown Salt Lake City, and the Silicon Slopes employment corridor.

Affluent Demographic Profile
Located in Sandy, the property is supported by an affluent demographic base, with average household income of approximately $114,270, helping to sustain a deep and qualified renter pool.

High-Quality Employment Base
The surrounding area benefits from a strong employment profile, with approximately 74% of jobs classified as white-collar and access to nearly 1.1 million jobs within a 25-mile radius, reinforcing long-term demand for Class A multifamily housing.

Compelling Market Fundamentals
Utah continues to offer one of the strongest economic environments in the country, supported by broad-based job growth, sustained in-migration, and ongoing business expansion.

Core Plus Opportunity
Dry Creek at East Village offers a compelling opportunity to increase rents through targeted unit and amenity upgrades. Most apartment homes remain in their original 2016 condition and feature black appliances, darker paint schemes and reddish-brown flooring. Dry Creek at East Village offers a clear value-add opportunity to increase rents through strategic interior renovations and more modern finishes.

The property also features an exceptional amenity package, including two sky decks and an accompanying club room within each of the six buildings. Several of these spaces offer attractive potential for repurposing and renovation, allowing new ownership to further enhance the resident experience. In addition, the property includes an impressive clubhouse that was recently renovated.

Proximity to Major Demand Drivers
The community is situated near several of the area’s most significant demand drivers, including The Shops at South Town, America First Field (home of the MLS Real Salt Lake), the NHL Utah Mammoth practice facility, the Mountain America Expo Center, Sandy Auto Mall, Costco, Target, and numerous major employers throughout the South Valley.

Barriers to New Supply
Limited land availability, rising construction costs, and increasingly challenging entitlement processes continue to constrain new development, creating meaningful barriers to future supply and supporting long-term asset value.”