Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage company business in Nevada.
© 2024 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by Berkadia Affordable Tax Credit Solutions. For state licensing details for the above entities, visit www.berkadia.com/licensing.
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QUICK STATS
$2,213/$2.12
Market Rent
33,731
RENTABLE AREA
2023
YOC
100
UNITS
Investment highlights
Located in Downtown Salt Lake City within Walking Distance to Local Restaurants, Entertainment, Shopping, and Schools
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Excellent Historical Growth in the Rental Limits in Salt Lake County, with a 39.66% Increase Since 2019 and an Additional Increase of 3.38% Projected in 2025
2
The Property has Operated Incredibly Efficiently with a Vacancy Rate Below 3% Over the Trailing-12 Months
3
Local, State, and Federal Governments have a Large Presence in the City, and Trade, Transportation, and Utilities Provide Significant Employment, with the Major Employer being the Delta Hub at Salt Lake City International Airport
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Leading Orlando MSA Growth Fundamentals: No. 2 MSA in the country for both population & job growth in 2023
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96%
OCCUPIED
The City is Home to Several Institutions of Higher Education Including, The University of Utah, which has an estimated total enrollment of over 35,000
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GALLERY
GALLERY
2005
Placed in Service
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555 S. 200 E. - Salt Lake City, UT 84111
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PROPERTY OVERVIEW
Liberty Metro is a 100-unit mixed-income housing community located in the the heart of downtown Salt Lake City, UT. The property provides easy access to area amenities including employment, schools, dining, neighborhood parks, and retail. The property is also located within close proximity to downtown employment such as, the Utah State Capitol, entertainment, and transportation including, the TRAX system.
The property was built and placed in service in 2005 under the Section 42 Low-Income Housing Tax Credit (LIHTC) program. There is an existing regulatory agreement in place which requires 83 units to be rented to income qualifying residents earning no more than 33%, 40%, 45%, 50%, & 55% of the Area Median Income (AMI) limits, which are provided by the Utah Housing Corporation.
Liberty Metro offers studio style floorplans featuring unit and community amenities including a clubhouse, courtyard, fitness center, sitting/reading areas, entertainment room, business center, garage parking, on-site laundry facilities, elevators, and controlled entry access.
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Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage loan brokerage business in Nevada.
© 2024 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by the Berkadia Affordable Tax Credit Solutions. For state licensing details for the above entities, visit: https://www.berkadia.com/licensing/.
6955 S. Union Park Center Suite 500 Midvale, UT 84047
MIDVALE OFFICE
800 W. Main St.
Suite 1410
Boise, ID 83702
BOISE OFFICE
Senior Director
Affordable Housing
208.631.4981
jordan.skyles@berkadia.com
ID License: #SP42885
Jordan Skyles
Senior Managing Director
Multifamily
801.532.4901
greg.barratt@berkadia.com
UT License: #7001869-SA00
GREG BARRATT
Senior Managing Director
Affordable Housing
208.286.5013
jeff.irish@berkadia.com
ID License: #DB36794
Jeff Irish
Managing Director
504.322.1196
chris.crump@berkadia.com
CHRIS CRUMP
Senior Managing Director
214.360.3849
tim.leonhard@berkadia.com
TIM LEONHARD
The Opportunity
The Asset
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Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage company business in Nevada.
© 2024 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by Berkadia Affordable Tax Credit Solutions. For state licensing details for the above entities, visit www.berkadia.com/licensing.
Associate Director Affordable Housing 253.355.1521 sam.kasteler@berkadia.com UT License: #14126557-SA00
Sam Kasteler
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Excellent historical growth in the rental limits in Salt Lake County, with a 39.66% increase since 2019 and an additional increase of 3.38% projected in 2025