West Jordan Town Center

Citivest acquired West Jordan Town Center through its strong relationship in the brokerage community and reputation as a capable buyer of large assets. The seller of the property was a publicly traded REIT who wanted to sell their only property in Utah due to internal management inefficiencies. Citivest quickly saw an opportunity to acquire a proven grocery anchored asset comprised of daily needs retail tenants to provide attractive long-term stability. Due to Citivest’s relationship with the listing broker and seller, the property was able to be purchased below replacement costs at an attractive in-place cap rate with tremendous upside potential.