Utah

University-Utah

Salt Lake City — The University of Utah has selected American Campus Communities (ACC) for the development and management of 5,000 beds on the university’s campus in Salt Lake City. Planned beds will be developed over the next decade and will double the amount of on-campus housing offered by the university upon completion. ACC will lead the development efforts in partnership with two Utah-based companies: MHTN Architects and Okland Construction. Design and architecture firm Ayers Saint Gross will also provide support for the projects. The first development will be built …

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Lehi, Utah — Multifamily operating system Entrata has acquired Rent Dynamics for an undisclosed price. Rent Dynamics provides rent reporting services and financial resources, which promote economic inclusion and financial health for residents. “Since Entrata’s founding, we have made tremendous strides in streamlining property operations by creating tools that improve both the operator and resident experience,” says Adam Edmunds, CEO of Lehi, Utah-based Entrata. “Today, our vision for how we can drive the industry forward has greatly expanded. The combination of Entrata and Rent Dynamics will deliver a huge advance …

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Lindon, Utah and Denver — Resident feedback platform Opiniion has partnered with Agency Fifty3, a leading marketing vendor in the multifamily and student housing space. Denver-based Agency Fifty3 offers services including help with brand discovery, marketing collateral, digital marketing, and website and content strategy. Lindon, Utah-based Opiniion offers resident satisfaction software. “With Agency Fifty3, marketing and resident satisfaction software will be paired together as a one-stop, full service resource which is readily available for properties across the country,” says Justin Bingham, CEO of Opiniion. “We look forward to the shared …

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Utah-Tech

St. George, Utah — Utah Tech University is set to break ground on the 564-bed third phase of its Campus View Suites residence hall project in St. George. Set to open in fall 2024, the final phase of the development will span 164,600 square feet. Shared amenities will include a fitness room; multipurpose room; laundry facilities, common kitchens and living rooms on each floor; indoor bike storage; game room; grocery store stocked with fresh fruit, vegetables and dairy; private and shared study rooms; and housing staff offices. The 352-bed first …

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Carol Nelson

Provo, Utah — Redstone Residential has appointed Carol Nelson to the role of chief operating officer. In her new position, Nelson will oversee operations and contribute to business development. Prior to joining the Provo, Utah-based company, Nelson served as managing director of real estate with Greystar in the company’s mountain division, where she was responsible for more than 20,000 units. “We are thrilled to have Carol join the Redstone team and to strengthen our senior leadership team,” says Grant Collard, CEO of Redstone. “We have watched and respected Carol in the industry …

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Logan, Utah – Conservice, a software-enabled utility management company, has acquired the ESG platform Goby for an undisclosed price. Goby is a leading environmental, social and governance (ESG) data management and reporting platform. This acquisition will further enable the Logan, Utah-based company’s clients to reduce environmental impact, achieve sustainability goals and increase return on investment. “The addition of Goby will enable Conservice to offer our clients a comprehensive ESG solution, from data capture — which is where we already excel — to analysis and disclosure,” says Scott Hardy, CEO of …

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MJW-BYU

Provo, Utah — A joint venture between MJW Investments and Redstone Residential has acquired a 924-bed student housing community located near Brigham Young University in Provo. The property offers shared amenities including a sand volleyball court, hot tub, swimming pool, on-site laundry and a game area. The partnership plans to renovate the property’s units and shared amenity spaces. Voya Investments provided financing for the acquisition. Redstone Residential will oversee operations and property enhancements. “The property’s close proximity to campus and remarkable offerings are just a few of the aspects that …

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Lehi, Utah — Multifamily and student housing technology provider Entrata has announced a full integration with Samsung SmartThings. The integration will provide property teams with access to appliance preventative maintenance and diagnostic information through the company’s Entratamation Smart Community Overview, and allow residents app-based control of Samsung smart appliances through Entrata’s ResidentPortal app. Residents currently use the ResidentPortal app to control smart locks, thermostats and additional smart home features. Following the SmartThings integration, property teams can give residents the ability to adjust settings on Samsung refrigerators, washers and dryers, dishwashers …

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Glenwood

Provo, Utah — A joint venture between investment affiliates of Redstone, MJW Investments and MHE Enterprises has acquired The Lodges at Glenwood, a 1,156-bed student housing community located near Brigham Young University in Utah. The community offers a mix of studio, one- and three-bedroom units. Communal amenities include a study area, swimming pool and spa, volleyball court, gaming tables, cabanas and a barbecue grill. Brian Eisendrath and Cameron Chalfant of CBRE secured acquisition financing for the property through a prominent life insurance company. Significant renovations are planned for the community, …

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Orem, Utah — Colliers International has arranged the sale of Promenade Place, a student housing property located at 875 S. Geneva Road in Orem. Woodbury Corp. sold the asset to a private out-of-state investor. Constructed in 2017, Promenade Place is a transit-oriented, 429-bed student housing property located adjacent to Utah Valley University. While terms of the transaction were not available, Colliers says the sale is one of the largest student housing transactions ever in Utah, with the highest sales price per bed. SHB was unable to confirm these statements since neither …

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