Warmington’s multifamily portfolio expands to Utah.

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Warmington’s multifamily portfolio expands to Utah.

Warmington Properties, Inc., (WPI) recently closed escrow on Mountain Run Apartments, a 113-unit apartment project located in Orem, Utah. Considered a true value-add opportunity, this most recent acquisition extends our reach into the Salt Lake City metro submarket, which is enjoying significant economic and population growth due to its business-friendly environment, ease of travel, significant lifestyle amenities, and the growing tech industry on the “Silicon Slope.”  For these reasons, we anticipate Mountain Run to be the first acquisition of our Utah portfolio.

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