TruAmerica acquires 288-unit multifamily property in Utah

TruAmerica Multifamily announced the acquisition of The Falls at Canyon Rim, a 288-unit multifamily property located in South Ogden, Utah, approximately 25 miles north of Salt Lake City. The property offers its residents proximity to northern Utah’s dining, retail and entertainment venues as well as elevated amenities such as private patios, balconies and panoramic mountain vista views.

“We are excited to bring Falls at Canyon Rim into our portfolio, reinforcing our dedication to the Salt Lake City MSA,” said Wes LaBar, director of acquisitions at TruAmerica. “South Ogden lends itself to significant growth potential and is only 30 minutes from downtown Salt Lake and the airport. As part of our value-add improvement strategy that aims to build better communities, we plan to improve apartment interiors as well as resident common areas across the property.”

The Falls at Canyon Rim offers six unique floorplans ranging from one- to three-bedroom apartment homes, a