**Investor Trio Secures $170 Million Refinancing for Salt Lake City Rental Asset**
A joint venture consisting of Bridge Investment Group, Blaser Ventures, and Lowe Property Group has secured a $170 million refinancing deal for the Post District, a newly developed 580-unit apartment complex located in downtown Salt Lake City.
Walker & Dunlop’s New York Capital Markets team, led by Aaron Appel, Sean Reimer, Keith Kurland, Jonathan Schwartz, Adam Schwartz, Dustin Stolly, and Jackson Irwin, served as the exclusive advisor for Bridge Investment Group. Fannie Mae provided the financing through its near-stabilization loan program. This marks the second major financing for the project, following a $157.5 million refinancing arranged by Walker & Dunlop in November 2023.
Post District officially opened in December 2023 and comprises five buildings situated between 500–600 South and 300–400 West. The mixed-use development features approximately 26,000 square feet of retail space along with 498 dedicated parking spaces.
Residents of Post District benefit from a wide array of community amenities, including an 8,000-square-foot fitness center, a resort-style indoor-outdoor pool deck with a glass infinity-edge spa, a movie theater, golf simulator, dog wash station, shared electric bikes, a game room, multiple rooftop lounges, outdoor grilling areas, a coworking lounge, on-site market, and a club room.
