Walton Street JV buys multifamily community in Salt Lake City

An affiliate of Walton Street Capital has acquired a 95-unit boutique apartment community located at 385 South 400 East in downtown Salt Lake City.

Quattro was acquired in a partnership with ETHOS Real Estate, a real estate operating platform with a long track record of developing and investing in multifamily housing in the Western United States.

Built in 2020, the property features a mix of studio, one-, two- and three-bedroom apartments that are currently 99 percent leased, along with 2,300 square feet of ground-floor retail space. Unit amenities include quartz countertops and backsplashes, stainless-steel appliances, wood-style flooring, private balconies, full-size washers/dryers in-unit, large closets, and city and mountain views. Community amenities feature a rooftop observatory and patio with grill stations and fire pits, clubroom with gourmet kitchen and speakeasy lounge, Zen garden with hanging beds, spin room, yoga studio and group fitness gym, saunas, and a