Salt Lake Crossing Apartments
Status
Closed A 300-unit luxury, landmark multifamily and co-working development in Utah. Surrounded by 5 higher-ed campuses and fully-furnished, this project will cater to the post-grad and tech-centric demographic.
Location
Salt Lake City, UT
Investment Strategy
Development
Property Type
Multifamily
Open To
Accredited Investors
Closed Date
Jul 2021
Investment Strategies
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*As reported by Investopedia, on 12/31/22, based on a variety of factors.
Sponsor Details
Sponsor Designation
CrowdStreet categorizes sponsors based on their experience and track record so our investors can get a sense of the firm behind the deal.
Enterprise
FIRM AGE15+ YEARS
LEADERSHIP EXPERIENCE30+ YEARS
PORTFOLIO VALUE$5 B +
National Platform
Ranked in the top 250 for estimated value of total holdings per Real Capital Analytics
Tenured
FIRM AGE10+ YEARS
LEADERSHIP EXPERIENCE20+ YEARS
PORTFOLIO VALUE$500 MM +
Leadership has invested together over multiple cycles
Dedicated investor relations and accounting staff
Seasoned
FIRM AGE5+ YEARS
LEADERSHIP EXPERIENCE10+ YEARS
PORTFOLIO VALUE$100 MM +
Network of repeat investors
Established banking relationships
Affiliations with national industry associations ULI, NAOIP, CCIM, SIOR or IREM
Emerging
FIRM AGE< 5 YEARS
LEADERSHIP EXPERIENCE2-5 YEARS
PORTFOLIO VALUE< $100 MM +
Strong leadership experience
Experience in the proposed asset class and geographic market
Experience in managing individual investors
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Sponsor Equity
$1,500,000.00
1.589118058546923%
Investor Equity
$23,985,836
25.410883424629933%
Senior Loan Amount
$68,906,140
72.99999851682315%
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Total
$94,391,980
100%
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