The View on 20th
TheRandi
TheBeverly
Northmarq’s Salt Lake City investment sales team led the sale of three mid-rise multifamily communities totaling 257 units based in Salt Lake City and Ogden.
The three properties include:
• The View on 20th, 148 units, 283 Park Blvd., Ogden.
• TheRandi, 61 units, 218 S. 200 E., Salt Lake City.
• TheBeverly, 48 units, 63 S. 600 W., Salt Lake City.
Northmarq represented the sellers in all three transactions. The buyer was Veritas Investments, together with its capital partner Refound Residential, the dedicated multifamily housing division of Lake Washington Partners.
“Veritas & Refound saw an opportunity to enter the Salt Lake City market today at an attractive purchase basis, and to position itself for the long-term growth this region continues to deliver,” said Rawley Nielsen, who helped broker the deal. “The fundamentals along the Wasatch Front are hard to match. Job growth and in-migration have consistently outpaced national averages, and housing supply hasn’t kept up with demand over the long run. These three assets give Veritas & Refound immediate scale in both downtown Salt Lake City and Ogden, and they’re buying in at a point in the cycle that should reward patient capital.”
The View on 20th features one-, two- and three-bedroom units with Wasatch Front mountain views, patio/balcony, black or stainless steel appliances, wood-like flooring, plush carpeting in bedrooms, in-home washer/dryer, 9-foot ceilings, walk-in closets and additional storage available. Community amenities include a year-round spa and lounge, pet-friendly bark park, outdoor fire pit, clubhouse, complimentary coffee bar, bike storage and racks, and more.
TheRandi offers studio, one-, two- and three-bedroom floorplans with custom-curated finished packages, 10-foot ceilings and floor-to-ceiling views of the Wasatch Mountains. Apartments offer upgraded finishes, quartz countertops, stainless steel appliances, hardwood flooring, full-size washer/dryer, smart home technology and a private balcony. Community amenities include expanded roof deck with barbecue and seating, on-site maintenance and management, CityLift parking garage, EV charging stations and a location in the heart of downtown Salt Lake City.
TheBeverly offers one-, two- and three-bedroom floorplans with stainless steel appliances, full-size washer/dryer, air conditioning, walk-in closets, hardwood flooring, quartz countertops, 10-foot ceiling, city views and a private patio or deck. Community amenities include EV charging stations; professional on-site management and maintenance; and restaurants, entertainment, shopping and a TRAX Station within walking distance.
