Any Provo, UT Multifamily investment groups?

[Vikram Brar]

Hi All, I'm interested in Small/ medium multifamily investments in the Provo area and was wondering if there are any groups/investors that were active in that area. I'm interested in C, B- properties with value play. I would love to meet investors that are active in that area and learn more about the market there. Thank You All, Vikram

[Randy Scott]

Provo has a good future for a city with just over 110k pop.

1. 430 Million $ Hospital Expansion (2018)

http://www.deseretnews.com/article/865630925/430M-Provo-hospital-upgrade-kicks-off-to-healthy-start.html?pg=all

2. New Federal Court house about to break ground. (70 million est)

http://www.utahbids.net/government-agencies/salt-lake/utah-division-of-facilities-constuction--management-dfcm-1104/6560342-new-provo-fourth-district-courthouse.html

3. New Provo Temple just opened DT Provo

http://fox13now.com/2016/01/04/reservations-for-provo-city-center-temple-open-house-available-now/

4. 65k-70k college students within 3 miles of DT Provo (BYU, UVU)

http://www.ksl.com/?sid=36847972&nid=148&title=uvu-now-the-largest-public-university-in-state-new-enrollment-numbers-show

5. Provo airport slowly increasing flights

http://www.sltrib.com/home/2987562-155/provo-now-utahs-no-2-airport

6. Two separate 150 unit class A apartments under const. DT Provo

http://www.provo.org/home/showdocument?id=3919
http://provomayor.com/2016/01/19/16159/

7. 108 Million bond passed Nov 2015 to improve Provo schools

http://www.heraldextra.com/news/local/voters-approve-bond-to-rebuild-provo-schools/article_98645dd2-fbca-5b8c-9889-30ffaa8d9336.html

8. 51k sq ft new Provo Power building under Const.

http://www.provo.org/home/showdocument?id=5435

9. 2.5% unemployment rate for Utah County (Dec 15)

https://research.stlouisfed.org/fred2/series/UTUTAH9URN

10. Utah County has a median resident age of 24 who love that Provo has Google Fiber.

http://www.city-data.com/county/Utah_County-UT.html

There's a lot more, but that's my top ten.

They also built one of the nicest, most financially successful Rec Centers in the country.

This should give you a general idea.