The transaction marks Utah’s largest suburban multifamily investment in five years.
Weidner Apartment Homes has paid $130 million for Seasons of Traverse Mountain, a 440-unit multifamily community in Lehi, Utah. The buyer rebranded the property as Ridgeline at Traverse Mountain, according to its website.
Mountain States Properties sold the asset for approximately $295,455 per unit. Cushman & Wakefield worked on behalf of the seller…