Weidner Drops $130M for Salt Lake City Community
Weidner Apartment Homes has paid $130 million for Seasons of Traverse Mountain, a 440-unit multifamily community in Lehi, Utah. Weidner Apartment Homes has purchased a 440-unit multifamily community in Lehi, Utah for $130 million. The buyer, Mountain States Properties, rebranded the property as Ridgeline at Traverse Mountain and sold it for approximately $295,455 per unit. This is the largest widely marketed multifamily sale on record in Utah County and marks Utah's largest suburban residential sale by dollar volume in the past five years. The property was completed in 2014 and comprises nine four-story buildings spread across 26 acres. Investment totaled $641 million in 2025, exceeding Salt Lake City’s multifamily transaction volume from the previous two years.
Published : 3 hours ago by Simona Tudose in Business
Weidner Apartment Homes has paid $130 million for Seasons of Traverse Mountain, a 440-unit multifamily community in Lehi, Utah. The buyer rebranded the property as Ridgeline at Traverse Mountain, acco... [2655 symbols]
