Weidner Apartment Homes Buys Lehi Residential Community
The firm acquired the 440-unit property formerly known as Seasons of Traverse Mountain for $130 million.
Updated on Oct. 26, 2026 in Commercial
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Weidner Apartment Homes has completed the purchase of a 440-unit residential community in Lehi for $130 million. The company has officially rebranded the asset, located at 4200 N. Seasons View Drive, as Ridgeline at Traverse Mountain.
Why it matters
The acquisition represents a significant investment in the Utah County multifamily market. The transaction underscores continued institutional interest in large-scale residential assets located within the broader Salt Lake metropolitan area.
The property sale averaged $295,455 per unit across the 26-acre site. The community, which features 740 parking spots, was originally completed in 2014.
The players
Weidner Apartment Homes
This real estate investment and management firm specializes in the acquisition and development of multifamily properties across North America.
Mountain States Properties
This organization operates as a commercial real estate entity focused on managing and transacting residential assets in the region.
Cushman & Wakefield
This global commercial real estate services firm provides brokerage, property management, and advisory solutions to institutional and private clients.
The details
Mountain States Properties sold the asset, with Cushman & Wakefield serving as the representative for the seller. The complex consists of nine four-story buildings that offer residents proximity to the regional market.
Timeline
The residential property was originally completed in 2014.
Total multifamily investment in the Salt Lake area reached $641 million in 2025.
Seven communities sold for $187 million between January and September 2026.
Average asking rents in the region declined by 0.4 percent in February 2026.
Culture Shift
This acquisition follows the pattern set by the Salt Lake metropolitan multifamily investment volume as investors navigate changing regional rental demand. The deal marks a strategic expansion for Weidner Apartment Homes within a competitive landscape characterized by shifting rent metrics.
Residents of the property may experience changes in management protocols and community branding following the ownership transition. The sale confirms the continued role of Lehi as a significant hub for residential real estate development and investment in the region.
The takeaway
Commercial real estate investors continue to seek high-density residential assets in growing suburban markets like Lehi. Current market trends suggest that despite slight dips in asking rents, institutional interest in established apartment communities remains robust.
Further reading
Learn more about the latest developments in the local market in our Commercial section.
Source note: This article includes information reported by 301 Moved Permanently.
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