Development & Construction
Our affordable housing acquisitions/rehabilitation initiatives allow us to immediately deploy capital into growing marketplaces, by repositioning existing communities through affordable rents and allowing investors to receive the benefits of Low Income Housing Tax Credits made possible by Section 42 of the Internal Revenue Code.
Wasatch has developed and constructed five affordable low income housing tax credit properties (three in Utah, two in California), creating 664 units at an investment cost of over $114 million.
We have also acquired and rehabilitated nine affordable low income housing tax credit projects in the state of California and one in Utah, improving 2,119 units at an investment cost of over $277 million.
Recent Projects include:
|AFFORDABLE PROPERTIES||LOCATION||UNITS||TRANSACTION AMOUNT|
|Tuscany Villas||Midvale, UT||76||$10,282,000|
|Florentine Villas||Midvale, UT||214||$27,472,000|
|Logan Park Apartments||Sacramento, CA||661||$79,623,000|
|Enclave Apartments||Salt Lake City, UT||210||$18,856,000|
Tuscany Villas, Midvale, UT
Florentine Villas, Midvale, UT
Logan Park Apartments, Sacramento, CA
Wasatch develops and construct new multifamily apartments, providing a care-free home life for families and single-adults. Our communities are often the most sought-after place to live in cities, with many offering amenities that include beautifully landscaped grounds, pools, business centers, outdoor activities, clubhouses, and more.
Our interiors feature upgrades such as granite countertops, premium flooring, lighting and appliances, with some even having direct access to the garage.
Wasatch has developed and constructed sixteen new market rate apartment communities throughout Utah and Colorado, creating 3,135 new units at an investment cost of over $375.4 million.
Recent Projects include:
|MARKET RATE PROPERTIES||LOCATION||UNITS||TRANSACTION AMOUNT|
|CityScape Apartments||Salt Lake City, UT||122||$18,343,000|
|The Park at Day Dairy||Draper, UT||228||$29,664,000|
|Four Seasons||North Logan, UT||250||$28,200,000|
|Providence Place||Salt Lake City, UT||125||$16,000,000|
|Falls at Riverwoods||Logan, UT||214||$19,500,000|
|Talavera at the Junction||Midvale, UT||252||$30,000,000|
|Tuscany Villas||Midvale, UT||76||$6,489,000|
|Seasons of Layton||Layton, UT||140||$12,224,000|
|Seasons of Traverse Mountain||Lehi, UT||260||$24,042,000|
|Seasons at Library Square||Salt Lake City, UT||119||$9,692,000|
|Seasons on Denver Street||Salt Lake City, UT||99||$9,592,000|
Providence Place, Salt Lake City, UT
The Falls, Logan, UT
Four Seasons, North Logan, UT