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IHP Cash Partners and Fieldstone Households Receive 113 One-Loved ones A lot in Utah’s Silicon Slopes | Company & Finance

LEHI, Utah & NEWPORT Beach front, Calif.–(Business WIRE)–Apr 26, 2021–

IHP Cash Partners, one particular of the nation’s foremost actual estate financial commitment corporations, and Fieldstone Properties, a nationally acknowledged homebuilder in Salt Lake Metropolis, currently declared their joint venture (JV) in the acquisition of 113 solitary-household plenty inside of the coronary heart of Utah’s Silicon Slopes, in the metropolis of Lehi. Named Canyon Stage, the a lot are in one of the ultimate phases of the amenity-rich ±5,000-property Traverse Mountain Learn Plan. The JV has commenced grading on the upcoming hillside community, which delivers sweeping mountain and valley views. The houses will be developed to charm to homebuyers trying to find an upscale, outside-focused lifestyle around the region’s flourishing technological know-how-centered work center. House product sales are anticipated to open in late summer season/early drop of 2021.

Canyon Place at Traverse Mountain by IHP Funds Partners and Fieldstone Properties (Picture: Enterprise Wire)

“Canyon Level provides the most desirable and secluded a lot to Traverse Mountain. Set amidst a mountainous landscape and adjacent to an expanding technological hub, the neighborhood is the pinnacle of what the Silicon Slopes has to offer you,” mentioned Reneé McDonnell, senior vice president at IHP Cash Companions. “IHP is thrilled to associate with Fieldstone Residences on this improvement. Their crew provides a significant degree of expertise in structure and execution throughout many market place segments in the Salt Lake area, and we seem forward to our continued partnership.”

Canyon Level is positioned over Lehi and the rest of Traverse Mountain, delivering expansive views that are special to the advancement web site. Canyon Point heaps variety in dimension from roughly 6,280 to 39,447 square toes, even though most selection from 8,000 to 9,000 sq. feet. The community will offer you luxury households that charm to move-up homebuyers. Fieldstone strategies to open a VIP list for interested homebuyers in Q2 2021.

Traverse Mountain’s features are full and contain many general public and non-public parks, climbing trails, a group center with a substantial pool and reception space. Personal and general public universities are accessible, along with substantial retail institutions, which includes grocery retailers, restaurants and the well-liked Retailers at Traverse Mountain procuring mall.

Canyon Issue at Traverse Mountain is positioned northeast of the I-15 and SR-92/Timpanogos Highway freeway interchange. Considerably less than 30 miles from Downtown Salt Lake Town, Lehi is a blossoming middle for technological know-how-dependent companies. World corporations these kinds of as Adobe, Oracle, Entrata, Ancestry, Xactware, Micron and other folks have founded office environment places in Lehi, as it gives a much more inexpensive option to other tech-centric areas of the U.S., although also furnishing a favored lifestyle for staff.

“Lehi’s healthy out of doors-centered and business-friendly ecosystem catch the attention of leading entrepreneurs and pros from throughout the nation,” reported Jason Harris, vice president of land acquisitions at Fieldstone Residences. “The residences at Canyon Stage will reflect the vibrant and collaborative character of the Silicon Slopes. As a lot more individuals migrate to the Salt Lake region searching for an upscale lively way of living, we share in their excitement for the potential. We are delighted to associate with IHP Funds Partners in bringing this gorgeous new community to everyday living.”

Canyon Position is Fieldstone’s fourth community inside of Traverse Mountain and 1 of various assignments IHP and Fieldstone are acquiring collectively.

IHP is a strategic lover for developers and homebuilders throughout the western U.S. The organization at this time has 32 residential tasks in several levels of development in Utah, California, Oregon, Nevada, Washington, Texas and Arizona.

About IHP Cash Companions

Founded in 1992, IHP Capital Partners is a person of the nation’s foremost true estate financial commitment companies. The firm facilitates a path to accomplishment for its trader and improvement partners by delivering equity for household assignments throughout the region, with a target on the western U.S. A tactical companion and reliable fiduciary for approximately 30 several years, IHP’s observe report is crafted on expertise, expertise and extended-term sustained partnerships with properly-acknowledged institutional investors and a large array of the industry’s most noteworthy builders and developers. For more information, go to IHPInc.com.

Fieldstone Residences is a nationally regarded homebuilder that has been witnessed on the prestigious Inc. 5000 list. As one particular of Utah’s most really rated and reliable homebuilders for more than 20 many years, Fieldstone Properties normally takes a bold approach to constructing communities and houses that stand out in good quality, style and design and value. The enterprise is a regarded leader in setting new tendencies in household layout, building unique and irresistible product residences and providing an unsurpassed buyer working experience. With around 5,000 Utah residences built, Fieldstone Households leverages its sturdy knowledge and knowledge of the regional market to supply top rated-high-quality houses that meet up with the demands of today’s homebuyers. Wondering bold to produce gorgeous, just one-of-a-variety communities is the essence of Fieldstone Homes. For far more info, pay a visit to FieldstoneHomes.com.

Contact: Nicole Deermount

Keyword: CALIFORNIA UTAH UNITED STATES NORTH The us

Sector Search phrase: REIT FINANCE Expert Services Residential Developing & Serious ESTATE Construction & Home

Source: IHP Funds Associates

Copyright Business Wire 2021.

PUB: 04/26/2021 01:36 PM/DISC: 04/26/2021 01:36 PM

Copyright Business Wire 2021.