Weidner Apartment Homes Acquires 440-Unit Multifamily Community In Lehi For $130 Million

The transaction involved the sale of a multifamily asset known as Seasons of Traverse Mountain, located at 4200 Seasons View Drive in Lehi, Utah. The property encompasses 26.62 acres and consists of 440 apartment units, with a total square footage of 284,856. The sale was finalized for a total price of $130,000,000, resulting in a price per square foot of $456 and a price per unit of $295,455.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $130,000,000
• Address: 4200 Seasons View Drive
• Market: Lehi, UT
• Square Footage: 284,856
• Price per Square Foot: $456
• Units: 440
• Price per Unit: $295,455
• Buyer: Weidner Apartment Homes
• Seller: Mountain States Properties
• Brokers: Kip Paul, Kevin Donner, JT Redd, Katie Goldberg, Michael King & James Hunsinger - Cushman & Wakefield

Cushman & Wakefield represented Mountain States Properties, the seller in this transaction, which is noted as the largest widely marketed multifamily transaction recorded in Utah County, attracting approximately 30 offers from various institutional and private investors.