Buchanan Street Partners has acquired the 160-unit Pinnacle Fort Union community, located on the southern outskirts of Salt Lake City, as a value-add investment.
Following the recent purchase of a 240-unit community in Denver’s Lafayette submarket, Buchanan Street Partners has acquired Pinnacle Fort Union, a 160-unit community on the southern outskirts of Salt Lake City, from RK Properties, for $31.8 million. The transaction represents Buchanan’s second recent purchase in the area, bolstering the company’s presence in in the Midwest.
