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Multifamily investors are heading to Salt Lake City. The market is ripe with opportunities and has a relatively young population with an average age of 31.4, a prime age for renting, according to Jordan Fisher of Alpha Wave Investors. Salt Lake City also has a growing tech sector known as Silicon Slopes that positions the market for future growth. For these reasons, Salt Lake City has popped onto the investment radar. Alpha Wave in particular recently purchased a Cove on Bruce Apartments, a 76-unit apartment complex in Clearfield, a submarket of Salt Lake City.

Kelsi Maree Borland

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