GPR Ventures Completes Purchase of Multifamily Property in Salt Lake City

GPR Ventures, a private equity real estate operator headquartered in the Bay Area with four offices in the Western U.S., has closed escrow on a two-building, 24-unit property in Salt Lake City. Capitol Estates is located down the street from the Utah Capitol and in close proximity to Salt Lake City’s downtown area and the Salt Lake City International Airport. Tenants have high walkability to local restaurants, coffee shops and parks.

“This asset contributes to one of GPR Ventures’ core objective of expanding our multifamily value-add base while continuing our expansion in the West,” said GPR Ventures co-founder and Managing Principal Glen Yonekura. “This new property adds a great value-add opportunity to our portfolio due to its prime location. We look forward to working with our local teams to execute significant upgrades throughout the buildings and provide the exceptional management services that our tenants have come to expect from GPR Ventures.”