Investment Overview

STRONG LEASE UP // Phase One of the property was renovated and opened in March of 2024. As of March 2025, Phase One is 68 percent occupied by unit count and 83 percent by square feet. The property is utilizing an accelerated lease-up program with rental increases expected to bring rates in line with market. PHASE TWO NEW CONSTRUCTION // Phase Two is under construction with the Certificate Occupancy expected in early June 2025. Phase Two will add 189 units and 28,850 square feet, for a total of 603 units and 64,885 net rentable square feet. GROWING DEMOGRAPHICS // Hurricane, a key growth area in southern Utah’s St. George region, has seen its five-mile population rise by 64 percent since 2010. The population is now 24,735, with an average household income of $96,827. By 2029, this area is expected to grow another 10 percent. TOURISM // Situated on Utah State Route 9, Hurricane serves as the gateway to Zion National Park, Sand Hollow State Park, Quail Creek State Park, and hosts millions of visitors annually.