Bountiful, UT — Los Angeles-based real estate firm MJW Investments proudly announces the acquisition of Renaissance Place, a newly-constructed, Class A community consisting of 40 multifamily units and 4,775 square feet of ground-floor medical office. The podium-built, mixed-use property in Bountiful, Utah, is conveniently situated approximately 10 miles north of downtown Salt Lake City.

This off-market transaction, sourced through MJW’s proprietary broker relationships, underscores the firm’s continued ability to secure core-plus assets at an attractive basis below replacement cost and appraised value, delivering stable and durable cash flow to investors.

“Renaissance Place represents a rare opportunity to acquire a premier, newly constructed community in one of the most stable submarkets of the Salt Lake City MSA,” said Mark Weinstein, MJW’s Founder and President. “The combination of strong local fundamentals, a long-term fixed-rate agency loan, and an outstanding location near major employment drivers positions this investment for long-term success.”

Built in 2021, Renaissance Place features spacious open-concept apartment homes averaging 854 square feet, each with stainless steel appliances, quartz countertops, hardwood-style flooring, 9 ft. or higher ceilings, and in-unit washers and dryers. The high-end finishes, modern design, and proximity to Salt Lake City’s employment corridor, including an abundance of medical jobs, create a highly desirable living environment for residents.

“This acquisition offers investors a risk-adjusted, cash-flowing opportunity backed by accretive financing and strong in-place tenancy,” said Tony Cianciolo, MJW’s Head of Acquisitions. “Acquiring a high-quality asset, below replacement cost, with positive leverage day-1, offers a unique investment opportunity in today’s environment hedging investors against downside risk.”

This acquisition highlights MJW Investments’ commitment to uncovering off-market, high-quality opportunities that deliver strong risk-adjusted returns and capital preservation. As part of MJW’s growing $1.5 billion portfolio, Renaissance Place exemplifies the firm’s continued focus on creating long-term value through strategic investments.

About MJW Investments: Founded in 1983, MJW Investments is a family-owned, vertically integrated real estate investment firm specializing in multifamily and student housing assets. With a proven track record spanning nearly four decades, MJW has developed and owned over 5 million square feet of real estate and maintains an active portfolio valued at over $1.5 billion.