Salt Lake City
Salt Lake City, sustaining a (MSA) population of approximately 1.15 million residents, is the capital and most populous city in the state of Utah. Salt Lake City has consistently been ranked as one of the United States’ most economically stable cities. Major firms headquartered in the city include: Huntsman Corp (Fortune 500), Zions Bancorporation (Fortune 1000), Questar Corporation (Fortune 1000), AlphaGraphics, Sinclair Oil Corporation, Smith's Food and Drug (owned by national grocer Kroger), MonaVie, Myriad Genetics, and Vehix.com. In addition, high-tech firms with a large presence within the MSA’s suburbs include: Adobe, ColcaSac, eBay, Unisys, Siebel, Micron, Intel, L-3 Communications, Telarus, and 3M. It is considered the industrial banking center of the United States.
Salt Lake City has a strong outdoor recreation tourist industry based primarily on skiing, and hosted the 2002 Winter Olympics. The Salt Lake County submarket is the city’s largest apartment submarket, accounting for nearly half of the metro’s stock. Salt Lake County is characterized by its strong demographics, which helped to mitigate negative fundamentals during the recent economic downturn.
Aragon’s Salt Lake City portfolio includes Overlook Point, a 304 unit multifamily community in the southwest submarket of West Valley City.