An Affiliate of Walton Street Acquires Quattro, a 95-Unit Multifamily Community in Salt Lake City, UT

CHICAGO–(BUSINESS WIRE) – A subsidiary of Walton Street Capital, LLC (“Walton Street”) announced that it has a 95 unit boutique apartment community at 385 South 400 East in downtown Salt Lake City, UT (“Quattro” or “Property”) “). Quattro was acquired in partnership with ETHOS Real Estate, a real estate operating platform with years of experience developing and investing in apartment buildings in the western United States

The property, built in 2020, offers a mix of studio, one-, two- and three-room apartments, which are currently 99% rented, as well as 2,300 square meters of retail space on the ground floor. Unit amenities include quartz countertops and backs, stainless steel appliances, hardwood floors, private balconies, full size washers / dryers in the unit, large closets, and city and mountain views. The communal facilities include a rooftop observatory and terrace with barbecue stations and fire pits, a club room with gourmet kitchen and speakeasy lounge, a zen garden with hanging beds, a spin room, a yoga studio and group gym, saunas and a fully automatic parking garage.

Quattro is located in the CBD of Salt Lake City and is only three blocks from three UTA TRAX light rail stations that provide convenient access to work centers, shopping and entertainment destinations such as City Creek Mall, Salt Palace Convention Center, Vivint Arena and Temple Square Offer. The property is surrounded by many up and coming multi-purpose developments and offers direct access to popular skiing and other recreational activities in the mountains.

“We have firmly believed in the Salt Lake MSA for several years and look forward to expanding our existing investments in the marketplace. We believe that Utah will continue to experience strong demand growth given its favorable population growth and high quality of life, ”said Andrew Gindy, Senior Principal, Walton Street.

“Quattro presented an attractive opportunity to acquire a well-leased, high-quality property in an infill location in downtown Salt Lake City,” said Robert Bloom, Managing Principal at Walton Street.

About Walton Street Capital, LLC: Walton Street is a private equity real estate investment firm that has raised over $ 14 billion in capital commitments from a wide range of experienced institutional investors through its subsidiaries since its inception in 1994. The Walton Street Directors have collectively acquired, financed, managed and sold over $ 50 billion worth of real estate, and have an average of 20 years of real estate experience. The senior management has invested and managed both real estate capital and debt collectively over multiple real estate cycles spanning five decades and more than 40 years, building long-term and deep relationships with lenders, public and private real estate owners, operators, brokers and managers, and industrial service providers.

About ETHOS Real Estate: Founded in 2021 by the former Watt Investment Partners leadership team, ETHOS focuses on delivering a spectrum of residential solutions, including developing and acquiring marketable housing, as well as maintaining and creating affordable housing. ETHOS is a trusted partner for public institutions and communities looking to meet their housing needs with a mission to create positive change and a new narrative for residents, communities and the housing system.