CASE STUDY

Solara Apartments

Market: Salt Lake City, UT
Built in: 1973
Units: 418
Acquired: January 2018

Property Characteristics

Featuring one and two-bedroom apartments, Solara Apartments is just a 5-minute drive from downtown Salt Lake City with easy access to major interstate highways, public transportation hubs, shopping malls, and leisure facilities. Within a 10-mile radius, there are over 452,000 jobs, with as many as 56,2000 individuals working in the financial sector at firms including Wells Fargo and Goldman Sachs.

m-IslesEastMillenia_167 (1).jpg
 
 
9353-m-IslesEastMillenia_357_edited.jpg

Improvements Applied

Extensive interior and exterior renovations including complete replacement of roofs and asphalt and repair of all balconies and parking spaces. Unit interior improvements included new cabinets, flooring, appliances, and in some cases complete remodeling. These improvements paired with numerous operational adjustments led to the dramatic transformation of property curb appeal and significant rent increases, higher than originally projected.

Property Gallery