Included in this Project...
MAXX Property Management
All FIG properties are professionally managed by MAXXPM in order to minimize vacancies and maximize your rental income.
Co-founder of FIG, Vollkommen brings a long history of building high-end custom homes and combines it with their passion for helping multifamily investors.
First Colony Mortgage
FIG's preferred lender has helped our investors secure over $250M in multifamily financing over the last three years.
Fourplex Investment Group
Since 2013, the FIG companies have built over 4,000 doors of multifamily units, providing investors with over $500M in cash flowing properties.
Why This Market?
The Utah County and Salt Lake metros continue to be one of the national leaders in employment expansion. High paying tech jobs are flooding into the area and are resulting in raising rents in the core urban centers which are located close to mass transit. Tenants looking for more affordable housing now have two choices: 1) go south, or 2) go west.
Payson, UT is located on the South Side of Utah County and is poised to take advantage of the growth pressing along the I-15 corridor. “The metro’s population rate rose 1.4% in 2017, double the national rate. Boosted by prolonged demographic and economic expansion, demand is bound to remain strong, particularly for workforce housing, as 40 out of 45 multi family projects under construction in the metro are Lifestyle segment.” (Yardi Matrix)
Pineridge Farms in Payson is in position to take advantage of healthy wage growth and the youngest population in the country. Nearby Mountain View Hospital and Revere Health Clinic offer close by employment, and a 10 minute drive up I-15 to Spanish Fork gives tenants access to shopping like Costco and Walmart as well as plentiful banks, restaurants, and other services. An appealing business climate, steady migration, and general southern and western expansion all point towards a continued demand for affordable rentals in Utah County!
All Pineridge Farms units are sold through the FIG team via Capital Advisors Real Estate.
Call us at: (801)494-1651