Warmington Acquires Park Capitol Apartment Homes
135-UNITS LOCATED IN DOWNTOWN SALT LAKE CITY
Escrow has closed on this 135-unit complex, making Park Capitol the fourth acquisition in Warmington Properties’ expanding Utah multifamily portfolio.
Park Capitol is located in the prestigious Capitol Hill neighborhood of downtown Salt Lake City, UT, near high-quality employment and commercial services. It is comprised of three mid-rise buildings with studio, one- and twobedroom apartment units averaging 760 square feet. A portion of the units and the common resident spaces have been updated to a modern aesthetic to attract young and talented residents who enjoy all that a downtown lifestyle offers. Additional capital improvements will be made, with completion slated for late 2023.
Warmington Properties, Inc. is rapidly expanding its portfolio within the Western United States, specifically within low tax, pro-business states like Utah. Its current portfolio is concentrated in Utah, Nevada, and California and consists of 17 apartment communities, 3 student housing projects, 7 industrial properties, 4 retail/specialty properties, 2 office properties, and 1 marina.
For more information about acquisitions or our Friends and Family investor network, contact Sean Ettlin: firstname.lastname@example.org | 949.230.6623