Retail and office spaces delivered.
Built on LPG’s deep development track record, this strategy targets high-demand locations where new supply is constrained and long-term fundamentals are strong. By controlling the full development lifecycle—from entitlement to delivery—we create high-quality assets at compelling basis points, generating durable value and attractive return profiles.
Active development pipeline
In total value developed
Residential units built
Retail and office spaces delivered.
With deep experience across the multifamily asset class and numerous market cycles, our team is uniquely equipped to navigate today’s evolving housing landscape. As construction slows and market uncertainty grows, we are positioned to identify high-impact opportunities at pivotal moments. Our approach enables us to capitalize on shifts in demand, delivering projects designed for long-term success.
We don’t view market slowdowns as setbacks — we see them as openings for strategic growth. When others pause, we move forward. Our disciplined strategy focuses on launching developments during the down cycle, positioning us to lead the market when the next upswing begins. With demand for housing remaining strong, timing is critical — and we’re ready.
Our development approach is guided by adaptability, innovation, and long-term thinking. We design communities that respond to emerging lifestyle trends, workforce changes, and housing affordability. By integrating smart technology, resilient design, and strong property management practices, we create spaces that grow with their residents and perform for investors.
High Design, downtown multifamily with long-term upside and opportunity zone benefits.
Silos Building 1 offers a compelling return profile driven by its strategic location, efficient design, and opportunity zone benefits. These strong fundamentals, combined with a robust sponsor team and thoughtful unit mix, position the project to generate stable income and long-term appreciation in one of Salt Lake City’s fastest-growing submarkets.
Silos Building 1 delivers a mixed-use 65-unit multifamily project with 6k+ SF of ground floor retail, overlooking the future iconic Silo Park. Designed to serve a broad renter base, the project offers residents quality housing at various price points and will benefit from future sharing of amenities and synergies with subsequent phases of the overall Silos block. Leveraging opportunity zone incentives, FHA financing, and integration into a larger master-planned community, Building 1 is positioned to generate long-term value while enhancing the vibrancy of the emerging Granary District.
Silos Building 1 is underwritten with a long-term hold strategy, targeting a 5- to 10-year investment horizon. This timeline aligns with the project’s opportunity zone designation, allowing investors to fully capture associated tax benefits while maximizing value through stabilization and market growth. The flexible hold period also provides optionality to exit opportunistically based on future market conditions.
Mixed-income, downtown multifamily with long-term upside and opportunity zone benefits.
Silos Building 2 targets a strong, risk-adjusted return profile with a projected stabilized yield on cost of approximately 6.1%, supported by FHA-insured financing and opportunity zone benefits. Similar to Building 3, the project is underwritten to generate a project-level IRR in the 14–17% range over a 5- to 10-year hold, driven by conservative assumptions, strong market fundamentals, and long-term value creation in a high-demand, supply-constrained downtown location.
Silos Building 2 offers a high-quality, mixed-income multifamily community in the heart of downtown Salt Lake City, leveraging opportunity zone benefits and HUD 221(d)(4) financing to reduce risk and enhance long-term returns. With 275 units—80% market-rate and 20% workforce housing at 80% AMI—the project is designed to meet a broad range of renter demand while delivering strong yield on cost. The building will share top-tier amenities with adjacent buildings in the master-planned community, creating a vibrant, integrated living experience at a significant discount to comparable luxury projects.
Silos Building 2 is designed for a long-term hold, with a targeted investment horizon of 5 to 10 years. This timeline allows the project to fully benefit from opportunity zone tax advantages, achieve operational stabilization, and capitalize on long-term rent growth in a high-demand downtown market. The hold strategy also provides flexibility to exit opportunistically based on market conditions while maximizing overall value creation.
High-design, Class A multifamily delivering into a rare downtown Salt Lake supply shortage.
Silo Park Apartments Building 3 is projected to deliver strong risk-adjusted returns, with a targeted project-level IRR of 17.0% over a 5-year hold and 14.1% over a 10-year hold. The expected equity multiples are 1.9x and 2.6x over those same timeframes, supported by a projected return on cost of 6.1% untrended and 6.7% trended, positioning the project to outperform as it delivers into a significantly undersupplied Salt Lake City market.
The strategy for Silo Park Apartments Building 3 is to develop a high-quality, 219-unit Class A multifamily community that capitalizes on Salt Lake City’s urban growth and a projected supply shortage. Scheduled to deliver in a year with historically low new inventory, the project is designed to offer top-tier finishes and amenities at a ~20% discount to peak market rents, attracting strong demand. Leveraging the success of the adjacent Post District and existing infrastructure, Building 3 is positioned to deliver outsized returns through efficient lease-up and long-term value creation.
Silo Park Apartments Building 3 is underwritten with flexible hold scenarios, targeting a 5- to 10-year investment period. This range allows for both opportunistic early exit potential and longer-term value creation as the market strengthens post-delivery. The project’s prime timing, entering an undersupplied market, supports strong initial lease-up performance with the optionality to hold through a full market cycle to maximize investor returns.
Mix of 150+ residential units in the highly desirable Kays Creek area of Layton, UT.
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580 units / 25k SF Retail
Post House is the residential component of Post District, a 13 acre site spanning one and a half city blocks in Downtown SLC. Located along the main entrance and exit boulevards to the City, this development is the next great expansion piece of Downtown. The project consists of 580 Class A multifamily units.
193 units / 10k SF Retail
Sugar Alley Apartments will consist of Class A apartments and retail space in the heart of the desirable Sugarhouse neighborhood. The project is currently under construction and LPG looks forward to delivering an unparalleled development to be enjoyed by the local community for years to come.
170 units / 15k SF Retail
6th & Main apartments consists of Class A apartment units in downtown Salt Lake City, Utah. The project is recently completed and LPG is thrilled to deliver an unparalleled development to be enjoyed by the local community for years to come.
59 units / 3k SF Retail
Dixon Place apartments consists of 59 Class A apartment units in the heart of the desirable Sugarhouse neighborhood in Salt Lake City, Utah. The building’s timeless design is one of many reasons LPG decided to move their corporate offices into the building’s ground-floor level.
251 units
Features include quartz countertops, upgraded cabinetry and hardware, stainless steel appliances, oversized windows, balconies, plank flooring, garages and a world class clubhouse featuring a resort style pool, 24-hour fitness center, and much more.
332 units
Features include quartz countertops, tile backsplash, upgraded cabinetry, stainless steel appliances, oversized windows, balconies, and plank flooring. The community also features world class amenities such as a bowling alley, climbing wall, resort pool and hot tub, top tier fitness center, and much more.
214 units
Eaglewood Lofts 1 Apartments consists of 214 Class A apartment units in North Salt Lake, Utah. Features include granite countertops, upgraded cabinetry and hardware, stainless silver appliances, oversized windows, balconies, plank flooring, garages, pool, hot tub, exercise room, and much more.
196 units
Phase 2 of the Eaglewood Lofts Apartments consists of 196 Class. Features include high-end apartment finishes including stainless steel applicances and top-tier in-class amenities such as a resort style pool, 24-hour fitness center, dog park, community garden, outdoor pavilion, large park.
580 units / 60k SF Retail / 100k SF Adaptive Reuse Office
The Post District is located along the main entrance and exit boulevards to the City, this development is the next great expansion piece of Downtown. The project consists of 580 Class A multifamily units and several hundred thousand square feet of creative office, retail, and industrial space.
55 units / LIHTC
Compass Villa is an affordable senior community that prides itself on its high quality construction, responsive management and sense of community. One and two bedroom units are available. All units have elevator access and units are spacious and comfortable.
34 units / LIHTC
Compass Townhomes is a rental townhome community providing affordable, quality homes to families in West Valley City.. The large townhomes in this community have 3 bedrooms and 2.5 baths and have attached garages and laundry hookups in every unit.
40 units / LIHTC
Compass Court is a rental townhome community providing affordable, quality homes to families in West Valley City. The large townhomes in this community have 3 bedrooms and 2.5 baths and have attached garages and laundry hookups in every unit.
96 units / Condo
Interior features include crown molding in living rooms, French patio doors, garages, storage space or powder room, and quality finish carpentry. Its location near a freeway entrance and easy access to downtown makes the community a convenient place to live.
108 units / Condo
Bella Monte has fantastic views, captivating architecture, innovative design and floor plans, and provides for a safe and maintenance-free lifestyle. Located just East of I-15 (approximately 130 East) and North of Bangerter Highway (approximately 13400 South), this gated community provides for easy access to the freeway and the rest of the valley.
161 units / Condo
Copper Hills is a gated community with a clubhouse, swimming pool, hot tub, and a workout room with exercise equipment. Other amenities include a sport court and tot lots for safe play areas for children. With schools on two sides of the community, open space is abundant, and proximity to schools is convenient for families.
35 units / Condo
Interior features include crown molding in living rooms, French patio doors, garages, storage space or powder room, and quality finish carpentry. Its location near a freeway entrance and easy access to downtown makes the community a convenient place to live.
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