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Community Preservation Partners And The Hampstead Cos Acquire Skyline View Apartments For $22M In Layton, UT

Property Image
SOLD
$22,000,000

Utah

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MultiFamily
Sold 10/16/2023
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Property Image
SOLD

Community Preservation Partners And The Hampstead Cos Acquire Skyline View Apartments For $22M In Layton, UT

443 North Fairfield Road, 448 North Fairfield Road & 430 North Fairfield Road

See Similar Deals
MultiFamily
Sold 10/16/2023
the dealplayerscompscontact
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Summary

UTAH
Asset Type:MultiFamily
Transaction Type:Sale

The 112-unit Skyline View Apartments in Layton, Utah have been acquired by Community Preservation Partners and The Hampstead Cos. for $22 million. This affordable community was purchased from Steve Barlow, the owner of Barlow Corp.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $22,000,000
  • Address: 443, 448 & 430 North Fairfield Road, Layton, UT
  • Market: Layton, UT
  • Buyer: Michael Snowdon - Community Preservation Partners & Greg Gossard - The Hampstead Cos
  • Seller: Steve Barlow - Barlow Corp

Community Preservation Partners and The Hampstead Cos. have successfully completed the acquisition of the Skyline View Apartments. The transaction was facilitated by Michael Snowdon and Greg Gossard, representatives of the buyer. The deal was financed by Utah Housing Corp and KeyBank.

Players

KeyBank
KeyBank
LENDER
Utah Housing Corp
Utah Housing Corp
LENDER

Details

SOLD
IMAGE: Michael Snowdon DATE: 10/16/2023 ADDRESS: 443, 448 & 430 North Fairfield Road MARKET: Layton, UT ASSET TYPE: Multifamily BUYER: Michael Snowdon - Community Preservation Partners & Greg Gossard - The Hampstead Cos SELLER: Steve Barlow - Barlow Corp LENDER: Utah Housing Corp & KeyBank SALE PRICE: $22,000,000 UNITS: 112 ~ PPU: $196,429 NOTE: Community Preservation Partners and The Hampstead Cos. have acquired the 112-unit Skyline View Apartments, an affordable community in Layton, Utah, for $22 million.

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Debt Service Coverage Ratio (DSCR)

0.94x

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