2024 Q1 Market Report

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This Market Report was prepared by Northmarq. It contains select information pertaining to the Utah multifamily market (the “Market”) and does not purport to be all inclusive or to contain all of the information which an owner or prospective purchaser may desire. All financial projections are provided for general reference purposes only and are based on assumptions relating to the general economy, competition, and other factors beyond control and, therefore, are subject to change or variation.

The information contained in this Market Report is confidential, furnished solely for the purpose of review by an owner or prospective purchaser within the Market, and is not to be used for any other purpose or made available to any other person without the expressed written consent of Northmarq. The material is based in part upon information obtained by Northmarq from sources it deems reasonably reliable. Summaries of any documents are not intended to be comprehensive or all-inclusive, but rather only an outline of some of the provisions contained therein.

No warranty or representation, expressed or implied, is made by Northmarq or any of their respective affiliates, as to the accuracy or completeness of the information contained herein or any other written or oral communication transmitted to an owner or a prospective purchaser in the course of its evaluation of the Market. No legal liability is assumed or to be applied in connection with the information or such other communications. Without limiting the generality of the foregoing, the information shall not be deemed a categorical representation of the state of affairs of the Market or constitute an indication that there has been no change in the business or affairs of the Market since the date of preparation of the information.

This Market Report is the property of Northmarq and may be used only by parties approved by Northmarq. No portion of this Market Report may be copied or otherwise reproduced or disclosed to anyone without the prior written authorization of Northmarq.