At a glance
- The price is about $295,000 a unit.
- Cushman & Wakefield represented the seller.
- Cushman & Wakefield's Kip Paul said Seasons of Traverse drew nearly 30 offers from institutional and private investors around the country.
Weidner Apartment Homes bought Seasons of Traverse, a 440-unit apartment community in Lehi, Utah, for $130 million. The price is about $295,000 a unit.
Mountain States Properties sold the property. Cushman & Wakefield represented the seller.
Cushman & Wakefield's Kip Paul said Seasons of Traverse drew nearly 30 offers from institutional and private investors around the country.
Connect CRE reported the trade as the largest widely marketed multifamily sale on record in Utah County.
The $295,000-a-unit figure gives allocators a disclosed comparable in northern Utah County; none of the five apartment announcements the week of Oct. 5 disclosed a price.
Seasons of Traverse, at 4200 North Seasons View Drive, was completed in 2014 and has 222 two-bedroom, 168 one-bedroom and 50 three-bedroom units.
Reported by the Deals desk from Connect CRE. Published . Corrections