Salt Lake City

The asset provides investors with strong returns.

Prospective renters are more reliant on virtual tours and photos than in-person tours.

The acquisition, which also includes an adjoining 1.8-acre surface parking lot, adds City Centre I's 229,600 square feet to Unico's portfolio in Downtown Salt Lake City, which now totals more than 1 million square feet of space.

Multifamily investors are heading to Salt Lake City, where a boom of tech jobs in the emerging Silicon Slopes market has created new opportunities.

Earlier this week, the company purchased O'Hare International Center in Rosemont, IL from Blackstone for $64 million.

The new tenant representation team also includes tenant advisors Ted Lacy, Tyler Roeller and Josh Evans. Together, they bring more than 40 years of experience, working with retailers like Ace Hardware, Wendy's and The Little Gym International across the US.

The property was part of a multi-property acquisition strategy, across multiple states, to fulfill the buyer's 1031 exchange requirement, Hanley Investment Group Real Estate Advisors states.

Kennedy Wilson's latest purchase is Rosegate Draper in Draper. The deal calculates out to $185,379 per unit.