Property Description

Richmond at Millcreek, LLC has acquired approximately 2.35 acres of undeveloped land located in Millcreek, Utah, which is anticipated to be developed into an approximately 328-unit multifamily apartment community.

Property Type

Multifamily

Structure

Opportunity
Zone

Cottonwood
Richmond at Millcreek

UT

Remaining Availability

15% Remaining

Total Funds
$20,537,000
Remaining Availability
$3,000,000
Minimum Investment
$25k
Funded To Date
$17,537,000
Est. Hold Period
10+ Years
Leverage
See PPM
Equity Raise
See PPM
Price/SF or Price/Unit
See PPM

For More Details

 
 
 

Location Details

 
 
 

MSA Rank

See PPM

Median Income

See PPM

MSA Population

See PPM

Population Growth

See PPM

About The Area

Millcreek is an infill Salt Lake City location situated just south of the Sugar House neighborhood and six miles southeast of the central business district. Given its close proximity to major highways I-80 and I-15, the area offers convenient access to key Salt Lake City destinations including the international airport, world-class ski resorts, and the greater metropolitan area. Millcreek is an infill Salt Lake City location situated just south of the Sugar House neighborhood and six miles southeast of the central business district. Given its close proximity to major highways I-80 and I-15, the area offers convenient access to key Salt Lake City destinations including the international airport, world-class ski resorts, and the greater metropolitan area.

 

Sponsor

Since 2004, Cottonwood has grown into an industry- leading, national multifamily platform. With significant experience in multifamily acquisitions, ownership and structured investments, led by an executive management team with over 100 years of combined industry related experience, we believe our expertise as dedicated owners and operators may provide enhanced risk-adjusted return
opportunities.