SALT LAKE CITY– September 19, 2018 – Berkadia today announced the sale of Goldstone Place Apartments, a 228-unit garden-style multifamily property in Clearfield, Utah. Managing Directors James Wadsworth and Greg Barratt of the Salt Lake City office completed the sale on behalf of a California-based seller. The buyer was also based in California, and the deal closed on August 28.

“Utah currently has the lowest income inequality in the United States and is number one in the nation in job and population growth,” said Wadsworth. “Currently, we are experiencing a housing crisis due to lack of inventory, with builders unable to keep up with in-migration and the high birth rate.”

Goldstone Place Apartments is comprised of one- and two-bedroom floor plans that include dishwashers, full-size washers and dryers and reserved covered parking. Residents have access to community amenities, including a heated swimming pool, a spa and a fitness center.

Located at 1200 South 1500 East in Clearfield, Utah, the property is conveniently accessible to local restaurants and shopping via Interstate 15. Goldstone Place is also less than five miles from outdoor attractions, including Swan Lakes Golf Course and Clearfield Aquatic Center.