Graycliff Capital Partners, LLC (Graycliff Capital), a leading developer/owner in the multi-family sector headquartered in downtown Greenville, S.C., has acquired ViA, a Class A, mixed-use residential community in South Salt Lake City, Utah. The property is ideally located within a short walking distance to Utah Transit Authority (UTA) light rail stations – providing direct access to the airport, major employers and attractions throughout the Salt Lake Valley. ViA also offers residents a variety of retail, restaurants and entertainment options within its immediate neighborhood.

“We are continuing to strategically expand our geographic reach beyond the Carolinas and the Southeast. We look forward to becoming part of the Salt Lake City central business district and the vibrant area to the south which has seen steady economic and population growth over the past few years,” said Paul Aiesi, partner at Graycliff Capital.

The ViA transaction, which was brokered by Institutional Property Advisors Brock Zylstra and Danny Shin, closely follows Graycliff’s acquisition of another mid-rise community, Milagro, located just a few miles away in the heart of downtown Salt Lake City. These acquisitions, finalized in January 2021 and December 2020 respectively, mark the firm’s first multi-family investments in Utah and the western region of the United States.

About ViA

Built in 2016, the 138-unit ViA is located in South Salt Lake City in the epicenter of one of the fastest-growing live, play, work metros in the nation. With doorstep access to UTA’s Meadowbrook Station, ViA’s central location affords residents a quick rail commute to downtown’s major employers as well as the tech corridor. This luxury residential community is also convenient to I-15, I-80, I-215, and U.S. 89.

Floorplan options include studio, one-bedroom/one-bath, and two-bedroom/two-bath, all with premium interior packages. Best-in-class amenities include a resort-style swimming pool and spa, high-tech fitness center, outdoor lounge with fire pits, BBQ grilling stations, conference room, garage parking and off-street covered parking.

ViA will be operated by Nxt Property Management, a local specialist with a multi-family management division that manages more than 4,000 units in the Salt Lake Valley, including Milagro.

Published on GroundBreak Carolinas