Olympus Property Acquires 315-Unit Crossing at Daybreak Apartment Community in South Jordan

SOUTH JORDAN, UT - Olympus Property announces the expansion of their portfolio into Utah further diversifying their portfolio across ten states. The community will undergo a name change effective immediately to Olympus at Daybreak.

Olympus at Daybreak is the only apartment community located within the growing 4,000 acre master-planned community of Daybreak in South Jordan. Recently named one of Utah's fastest growing and best places to live in Utah, South Jordan offers a family-oriented community, highly rated schools, and quick access to a growing number of job drivers. Located next to the light rail system and Highway 154, Olympus at Daybreak offers strategic access to the entire Salt Lake Valley metroplex.

"Olympus at Daybreak is an opportunity for our company to expand into a new market with a strong fundamental story. The asset is located in a flourishing community with plenty of long term upside for our firm and our partners," said Chase Bennett, Director of Acquisitions at Olympus Property.

Olympus at Daybreak is a garden-style apartment community featuring 315 units with two and three story-buildings. Constructed in 2011 in the desirable city of South Jordan, the asset is approximately 15 miles from Salt Lake City. This Class "A" property features a unit mix of 26 percent one-bedroom units, 63 percent two-bedroom units, and 11 percent three-bedroom units, with an average unit size of 1,110 square feet.

Community amenities include 25 parks with sport courts, pavilions, ball fields, playground equipment, and community gardens and 30 miles of walking and hiking trails throughout the community. Oquirrh Lake offers 70 acres of kayaking, canoeing, paddle boarding, sailing and fishing.

"Our expansion into Utah offers new opportunities for the growth of our company. Olympus at Daybreak is the ideal asset for this expansion offering a highly sought-after community in a fast growing market," said Anthony Wonderly, a Principal of Olympus Property.