Purchase of 160-unit Property Increases Buchanan’s Expanding Multifamily Investment Portfolio in Western U.S. Markets
Newport Beach, Calif. and Salt Lake City, Utah (April 02, 2018) – Buchanan Street Partners, a Newport Beach, California based real estate investment management firm, has acquired a 160-unit multifamily property in the Salt Lake City community of Cottonwood Heights, Utah from RK Properties for $31.75 million. The purchase follows Buchanan’s 2017 acquisition of another Salt Lake City area property, a 298-unit apartment project, and signals the company’s expanding value add investment strategy in the multifamily sector in the Western U.S.
