July 23, 2019
Apartment owner Olympus Property, headquartered in Fort Worth, TX, acquired Promenade at the District, a 170-unit, Class A, garden-style apartment complex in South Jordan, UT. The new owner already renamed its newest asset Olympus at the District, and is planning an $800,000 investment to upgrade the property.
The seller/developer of the seven-year-old property at 11391 S. River Heights Dr. was listed as Garbett Homes. In addition to one, two and three-bedroom units, the asset offers two swimming pools, solar-powered units, fitness center, clubhouse and two playground areas.
“Acquiring assets in Utah is extremely competitive. The unique townhome design and proximity to both employment and entertainment centers make this asset well-positioned to provide tenants a top-notch living experience and deliver strong returns to our investors,” said Olympus Properties’ Chase Bennett.
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