Layton Meadows is 334 unit garden style apartment community, located minutes away from Salt Lake City's CBD. Bascom increased rents by taking advantage of the property location while addressing shortcomings in its performance by renovating interiors with higher-end appliances and finishes, completing cosmetic exterior renovations and installing an institutional quality management team. These efforts allowed Bascom to improve occupancy, rental rates, and financial performance.

City
Salt Lake City, Utah
Units
334
Renovation Budget
$1.0M ($3,000/ unit)
Debt Partner

Mass Mutual Life Insurance Co.

Equity Partner

Babson Capital- Mezz