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Twenty Ones Apartments

Salt Lake City, UT

Multifamily - Development

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Twenty Ones Apartments

MULTIFAMILY - DEVELOPMENT

ACRES has funded a $32 million loan for the refinancing of Twenty Ones Apartments, a recently constructed 2 story, 108-unit multifamily property in Salt Lake City, Utah.

The property is located in Sugar House, one of Salt Lake City’s most vibrant and desirable neighborhoods with a thriving entertainment district and mix of restaurants, breweries and shopping areas.

The development will include:
• 22 studios
• 62 one bedroom/one bathroom units
• 24 two bedroom/two bathroom units

$32 Million

Loan Amount

Refinance

Loan Product

“ACRES is excited to team up with Rockworth on our first loan in the Salt Lake City region. Our investment thesis is simple; we seek top sponsors, in growing markets, who own and develop Class A properties. This one checks all the boxes.  ”

- Mark Fogel, Chief Executive Officer and President

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