REAL ESTATE INVESTMENT FIRMS LION REAL ESTATE GROUP AND MARBLE PARTNERS ACQUIRE 378-UNIT ASHFORD APARTMENTS IN SALT LAKE CITY, UTAH

  |     |   Recent Acquisitions

We are pleased to announce that we have closed on our first acquisition in Salt Lake City, Utah. Lion Real Estate Group and Marble Partners have acquired Eagles Landing, a 378-unit multifamily property located at 625 S Redwood Blvd in the Wasatch Front neighborhood for $52,250,000. The property will be renamed “Ashford Apartments.”

We plan to execute our value-add program immediately including renovating units, enhancing curb appeal, and overall rebranding in order to capture the upside in rent relative to comparabl00e properties in the market.

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