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SALT LAKE CITY-International real estate investment and services firm Kennedy Wilson continues to increase its local investments in the area, which now total $139 million, including 816 multifamily units and 325,832 square feet of retail properties. The firm just recently acquired Foothill Place, a 450-unit apartment community here.

According to William McMorrow, chairman and CEO of Kennedy Wilson, “Salt Lake City is a great market for the company to invest in because it’s one of the few metro areas in the country where employment is now exceeding pre-recession levels.” He adds that the area’s population is increasing at about 1.7% per year. “We’re confident in the opportunity for further growth there.”

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