{"id":1004126066,"date":"2015-08-25T08:09:43","date_gmt":"2015-08-25T16:09:43","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=359137"},"modified":"2022-03-03T10:12:21","modified_gmt":"2022-03-03T18:12:21","slug":"north-salt-lake-community-acquired-as-area-trends-upwards","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/north-salt-lake-community-acquired-as-area-trends-upwards\/","title":{"rendered":"North Salt Lake Community Acquired as Area Trends Upwards"},"content":{"rendered":"<p><em>By Alex Girda, Associate Editor<\/em><\/p>\n<p>As metro vacancy rates continue to drop, multifamily property owners in the Salt Lake City area are looking to cash in on their assets. <a href=\"https:\/\/www.berkadia.com\/default.aspx\" target=\"_blank\" rel=\"nofollow noopener\">Berkadia<\/a> recently announced that it has completed the sale of a North Salt Lake property to a Danville, Calif.-based private buyer. James Wadsworth and Greg Barratt of the company\u2019s Salt Lake City office handled the transaction on behalf of the seller, a private party from Newport Beach, Calif. Managing Director Clay Akiwenzie of Berkadia\u2019s San Francisco office helped arrange the loan for the acquisition.<\/p>\n<div id=\"attachment_359138\" class=\"wp-caption alignright\" style=\"width: 310px\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/08\/The-Pointe.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-359138\" title=\"The Pointe\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/08\/The-Pointe.jpg\" alt=\"The Pointe\" width=\"300\" height=\"225\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">The Pointe<\/p>\n<\/div>\n<p>Located at 55 W Center St. in North Salt Lake, the community known as The Pointe offers 186 units. Some of the two-bedroom units feature a renovated interior, consisting of new appliances and updated kitchens, while patios or balconies are available to most units. Residents have access to a package that includes a swimming pool, sauna, spa, picnic area, laundry facility, gym and Wi-Fi enabled clubhouse. The Pointe also features covered parking for residents. At the time of the transaction, the community had a vacancy rate of three percent.<\/p>\n<p>According to Wadsworth, investing in the area is a good idea: \u201cthe economy is strong with a low unemployment rate and strong job growth.\u201d The metro\u2019s current vacancy rate stands at around 4.3 percent. According to data from <em>Yardi Matrix<\/em>, two-bedroom\/two bathroom units in the metro charge an average rent rate of $1,050.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As metro vacancy rates continue to drop, multifamily property owners in the Salt Lake City area are looking to cash in on their assets.<\/p>\n","protected":false},"author":41,"featured_media":1004507291,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1606],"tags":[39468],"class_list":["post-1004126066","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest","category-salt-lake-city","tag-salt-lake-city"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>North Salt Lake Community Acquired as Area Trends Upwards - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/north-salt-lake-community-acquired-as-area-trends-upwards\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"North Salt Lake Community Acquired as Area Trends Upwards\" \/>\n<meta property=\"og:description\" content=\"As metro vacancy rates continue to drop, multifamily property owners in the Salt Lake City area are looking to cash in on their assets.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/north-salt-lake-community-acquired-as-area-trends-upwards\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-08-25T16:09:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-03T18:12:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/The-Pointe-1.jpg?w=1024\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Alex Girda\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/north-salt-lake-community-acquired-as-area-trends-upwards\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/north-salt-lake-community-acquired-as-area-trends-upwards\\\/\"},\"author\":{\"name\":\"Alex Girda\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/540f0253de89dedaae7684239611b81c\"},\"headline\":\"North Salt Lake Community Acquired as Area Trends Upwards\",\"datePublished\":\"2015-08-25T16:09:43+00:00\",\"dateModified\":\"2022-03-03T18:12:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/north-salt-lake-community-acquired-as-area-trends-upwards\\\/\"},\"wordCount\":247,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/north-salt-lake-community-acquired-as-area-trends-upwards\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/03\\\/The-Pointe-1.jpg\",\"keywords\":[\"Salt Lake City\"],\"articleSection\":[\"News\",\"Salt Lake City\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/north-salt-lake-community-acquired-as-area-trends-upwards\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/north-salt-lake-community-acquired-as-area-trends-upwards\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/north-salt-lake-community-acquired-as-area-trends-upwards\\\/\",\"name\":\"North Salt Lake Community Acquired as Area Trends Upwards - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/north-salt-lake-community-acquired-as-area-trends-upwards\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/north-salt-lake-community-acquired-as-area-trends-upwards\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/03\\\/The-Pointe-1.jpg\",\"datePublished\":\"2015-08-25T16:09:43+00:00\",\"dateModified\":\"2022-03-03T18:12:21+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/540f0253de89dedaae7684239611b81c\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/north-salt-lake-community-acquired-as-area-trends-upwards\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/north-salt-lake-community-acquired-as-area-trends-upwards\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/north-salt-lake-community-acquired-as-area-trends-upwards\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/03\\\/The-Pointe-1.jpg\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/03\\\/The-Pointe-1.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/north-salt-lake-community-acquired-as-area-trends-upwards\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"North Salt Lake Community Acquired as Area Trends Upwards\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/540f0253de89dedaae7684239611b81c\",\"name\":\"Alex Girda\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/04\\\/Alex-Girda.jpg?w=96\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/04\\\/Alex-Girda.jpg?w=96\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/04\\\/Alex-Girda.jpg?w=96\",\"caption\":\"Alex Girda\"},\"description\":\"Alex is a senior editor with Multi-Housing News and Commercial Property Executive who has more than a decade of experience in the industry. Mainly focused on data-driven exploits, he works with Yardi Matrix and CommercialEdge to provide insights into the real estate market.\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/alex-girda\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"North Salt Lake Community Acquired as Area Trends Upwards - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/north-salt-lake-community-acquired-as-area-trends-upwards\/","og_locale":"en_US","og_type":"article","og_title":"North Salt Lake Community Acquired as Area Trends Upwards","og_description":"As metro vacancy rates continue to drop, multifamily property owners in the Salt Lake City area are looking to cash in on their assets.","og_url":"https:\/\/www.commercialsearch.com\/news\/north-salt-lake-community-acquired-as-area-trends-upwards\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2015-08-25T16:09:43+00:00","article_modified_time":"2022-03-03T18:12:21+00:00","og_image":[{"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/The-Pointe-1.jpg?w=1024","width":1024,"height":1024,"type":"image\/jpeg"}],"author":"Alex Girda","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/north-salt-lake-community-acquired-as-area-trends-upwards\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/north-salt-lake-community-acquired-as-area-trends-upwards\/"},"author":{"name":"Alex Girda","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/540f0253de89dedaae7684239611b81c"},"headline":"North Salt Lake Community Acquired as Area Trends Upwards","datePublished":"2015-08-25T16:09:43+00:00","dateModified":"2022-03-03T18:12:21+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/north-salt-lake-community-acquired-as-area-trends-upwards\/"},"wordCount":247,"commentCount":0,"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/north-salt-lake-community-acquired-as-area-trends-upwards\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/The-Pointe-1.jpg","keywords":["Salt Lake City"],"articleSection":["News","Salt Lake City"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.commercialsearch.com\/news\/north-salt-lake-community-acquired-as-area-trends-upwards\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/north-salt-lake-community-acquired-as-area-trends-upwards\/","url":"https:\/\/www.commercialsearch.com\/news\/north-salt-lake-community-acquired-as-area-trends-upwards\/","name":"North Salt Lake Community Acquired as Area Trends Upwards - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/north-salt-lake-community-acquired-as-area-trends-upwards\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/north-salt-lake-community-acquired-as-area-trends-upwards\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/The-Pointe-1.jpg","datePublished":"2015-08-25T16:09:43+00:00","dateModified":"2022-03-03T18:12:21+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/540f0253de89dedaae7684239611b81c"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/north-salt-lake-community-acquired-as-area-trends-upwards\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/north-salt-lake-community-acquired-as-area-trends-upwards\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/north-salt-lake-community-acquired-as-area-trends-upwards\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/The-Pointe-1.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/The-Pointe-1.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/north-salt-lake-community-acquired-as-area-trends-upwards\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"North Salt Lake Community Acquired as Area Trends Upwards"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/540f0253de89dedaae7684239611b81c","name":"Alex Girda","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Alex-Girda.jpg?w=96","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Alex-Girda.jpg?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Alex-Girda.jpg?w=96","caption":"Alex Girda"},"description":"Alex is a senior editor with Multi-Housing News and Commercial Property Executive who has more than a decade of experience in the industry. Mainly focused on data-driven exploits, he works with Yardi Matrix and CommercialEdge to provide insights into the real estate market.","url":"https:\/\/www.commercialsearch.com\/news\/author\/alex-girda\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/The-Pointe-1.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004126066","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004126066"}],"version-history":[{"count":3,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004126066\/revisions"}],"predecessor-version":[{"id":1004570155,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004126066\/revisions\/1004570155"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004507291"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004126066"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004126066"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004126066"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}