Photo: Tobias Wilden / Unsplash. Illustrative stock photograph; not a property or company discussed in this article. Nearly 30 bidders chased one apartment complex in Lehi. That tells you where investors think Utah's rents are going. Weidner Apartment Homes bought Seasons of Traverse Mountain, a 440-unit community in Lehi, for $130 million, according to a Cushman & Wakefield release published by Utah Business on Oct. 23. The seller was Mountain States Properties. Cushman & Wakefield called it the largest widely…
MarketSalt Lake City
Nearly 30 Bidders, $130 Million. Utah County Just Logged Its Biggest Apartment Sale.
Weidner bought the 440-unit Seasons of Traverse Mountain in Lehi for $130 million. What the competitive sale and renovation assumptions mean for Utah investors.
