Why Investors Are Turning to Restore Utah for Sustainable Real Estate Growth

 

In recent years, investors seeking sustainable real estate growth have increasingly turned their attention to Restore Utah, a real estate investment fund and operator focused along the Wasatch Front. With backing from one of the country's leading institutional investors and largest banks, Restore Utah has invested over $190 million in residential rental properties, including twelve multifamily communities totaling over 600 units, and over 500 single-family rentals.

Restore Utah's mission is to invest in under-served communities, revitalizing existing housing stock and developing new workforce housing. This commitment not only addresses the pressing need for affordable housing but also offers investors opportunities for sustainable returns. ​

Several factors contribute to investors' growing interest in Restore Utah:

  1. Strategic Focus on Multifamily Acquisitions: Since 2013, Restore Utah has concentrated on acquiring small to mid-size Class B and C multifamily assets throughout the mountain states. The firm has invested over $100 million in multifamily assets, focusing on rehabbing and repositioning value-added properties. ​
  2. Comprehensive Single-Family Investments: Founded to stabilize neighborhoods, Restore Utah has acquired over 500 single-family homes in Salt Lake, Davis, and Weber counties, investing over $90 million. This unique and affordable rental portfolio continues to provide quality housing options for low and moderate-income families. ​
  3. Expertise in New Development: The principals of Restore Utah bring over 40 years of experience in land entitlement, development, and ground-up construction of single and multifamily properties. This expertise enables the firm to make select investments ranging from $2 million to $20 million in land entitlement and development projects, as well as single and multifamily construction. ​
  4. Strong Institutional Partnerships: In 2017, Goldman Sachs increased its equity commitment to Restore Utah's Multifamily Acquisition Fund to $24 million, enabling the firm to significantly enhance affordable housing throughout the Wasatch Front. This partnership exemplifies an innovative solution to addressing the affordable housing need in the local market. ​
  5. Robust Operating Platform: Restore Utah has established a comprehensive operating platform that includes Restore Utah Construction and Rize Property Management. Led by an experienced team of professionals, these entities have contributed to the firm's exceptional growth, recently recognized by Utah Business as one of the top 50 growth companies in Utah. ​
  6. Commitment to Community Revitalization: By focusing on under-served communities, Restore Utah plays a pivotal role in revitalizing neighborhoods and providing quality affordable housing for low and moderate-income families. This approach not only benefits residents but also enhances the overall appeal and sustainability of the communities. ​
  7. Proven Track Record: Since its inception in 2012, Restore Utah has demonstrated a strong capability to match the needs of capital partners with attractive targeted opportunities. The firm's experience in repositioning single and multifamily properties, complex land entitlement, and brownfield remediation showcases its ability to navigate challenging projects successfully. ​

In conclusion, investors are increasingly turning to Restore Utah for sustainable real estate growth due to the firm's strategic focus on multifamily acquisitions, comprehensive single-family investments, expertise in new development, strong institutional partnerships, robust operating platform, commitment to community revitalization, and proven track record. These factors position Restore Utah as a leader in providing quality affordable housing while delivering acceptable returns for its investors.

For more information, visit the website: https://www.restore-utah.com/

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