SANDPIPER APARTMENTS IN HOLLADAY SELLS FOR $43.5M

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HOLLADAY, UTAH – The 366-unit Sandpiper Apartments in Holladay, a Salt Lake City suburb, has sold to Kennedy Wilsonfor $43.5 million. The firm plans to invest $5 million to reposition the property.

“Holladay is considered one of the most affluent communities in the Salt Lake County MSA, and the property is in close proximity to major freeways, the Downtown Central Business District, Salt Lake City International Airport and Park City, as well as some of the best schools and largest employers in the area,” says Bob Hart, president of KW Multifamily Management Group.

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