Warmington Acquires Ascent Apartment Homes
160-UNITS LOCATED IN COTTONWOOD HEIGHTS, UTAH
Warmington has closed escrow on the 160-unit Ascent apartment community in Cottonwood Heights, Utah (Salt Lake City MSA), representing the third acquisition in our growing Utah portfolio. Equity to close was raised through our expanding Friends & Family group of investors.
Ascent is in a superior location in one of Salt Lake’s premier submarkets with easy access to high-quality employment and commercial services. It offers residents garden-style apartments in 14 three-story buildings with amenities that include a swimming pool, spa, bbq area, bocce ball court, fitness center, business center, and clubhouse.
The broader Salt Lake metro is enjoying significant economic and population growth due to its business-friendly environment, ease of travel, significant lifestyle amenities, and the growing tech industry in the “Silicon Slope.”
Utah’s pro-business environment and long term strategic planning suggest employment trends in Salt Lake are likely to continue fueling outsized household formation and demand for apartments.
For more information about acquisitions or our Friends and Family network, contact Sean Ettlin: email@example.com | 949.230.6623