Monday, December 3, 2012

Acacia Pays $54.5M for Multifamily in Salt Lake Area




National Commercial Real Estate News From CoStar Group





Acacia Pays $54.5M for Multifamily in Salt Lake Area



Acacia Capital Corp. acquired Fairstone at Riverview, a 492-unit apartment complex in Taylorsville, UT, from Thompson Michie Associates Inc. for nearly $54.53 million or $110,800 per unit.

Fairstone at Riverview is a 461,226-square-foot community of 21 buildings at 4341 S Riverboat Road. Its amenities include a fitness center, tennis court and pool. The property is on 28.61 acres in the Central Valley submarket.

Jed Millbum of Apartment Realty...






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