What Restore Utah does

Restore Utah is a privately held, Salt Lake City-based real estate investment fund and operator founded in 2012 that pursues a value-add strategy focused on small-to-mid-size Class B and C residential properties in underserved communities along Utah's Wasatch Front. To date the firm has invested over $190mm across twelve multifamily communities totaling 600+ units and a portfolio of more than 500 single-family rentals concentrated in Salt Lake, Davis, and Weber counties. The firm maintains a vertically integrated operating platform comprising two wholly owned subsidiaries: Restore Utah Construction, which handles in-house renovations and solar installations, and Rize Property Management, which oversees day-to-day rental operations.

Revenue is generated primarily through monthly rental income from the multifamily and single-family portfolios (with rents explicitly targeted at affordability for households earning below 80% of Area Median Income), supplemented by third-party property management fees earned through Rize and construction services revenue from Restore Utah Construction. The firm is backed by a single named leading institutional investor on the equity side and a single large national bank on the debt side, with both relationships described as core. The go-to-market is direct on both sides of the business: leasing occurs through on-site Rize leasing offices for residents, while investment opportunities are placed with institutional capital partners through direct equity and debt partnership structures. Beyond acquisition-and-rehab, the firm has expanded into a New Development line ($2-$20mm deals) and an Advisory Services offering spanning financing alternatives, structuring, and joint-venture representation.

Name

Restore Utah

Legal name

Restore Utah

Website

https://restore-utah.com

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

11–50 employees

Short description

Restore Utah is a Salt Lake City-based privately held real estate investment fund that acquires, rehabilitates, and operates value-add multifamily and single-family rental properties along Utah's Wasatch Front, serving low-to-moderate-income residents and institutional capital partners through an in-house construction and property management platform.

Ownership category

akta.pro rank

Product category

Residential Real Estate Investment

NAICS

Services to Buildings and Dwellings (5617), Residential Remodelers (236118)

SIC

Services-To Dwellings & Other Buildings (7340), Services-Miscellaneous Repair Services (7600)

akta.pro primary industry

Rehab-to-Rent / Fix-and-Rent Financing (FSALAHAG)

akta.pro secondary industries

Interior Rebuild & Finishing (Drywall, Flooring, Paint, Trim) (HSAPAOAI), Repair, Refurbishment & Remanufacturing Services (EUAIANAB)

Keywords

• Real estate investment
• Multifamily housing
• Property management
• Residential construction
• Affordable housing

Headquarters

HQ city

Salt Lake City

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Marketing or Sales

Revenue model

1. Rental Income: Monthly rental revenue from multifamily apartment communities (12 communities totaling 600+ units) and single-family rental portfolio (500+ homes)
2. Property Management Fees: Revenue from property management operations through Rize Property Management subsidiary
3. Construction Services: Revenue from Restore Utah Construction division managing renovation projects and solar installations

Go-to-market motion1 record

Distribution channels2 records

Marketing channels2 records

Core offering

Restore Utah acquires, repositions, and operates multifamily and single-family residential rental properties in underserved communities along Utah's Wasatch Front. The company pursues three strategies (multifamily acquisitions, single-family rental portfolio, and new development) and operates a vertically integrated platform through Restore Utah Construction (renovation and ground-up development) and Rize Property Management (ongoing operations), supported by institutional investor capital.

Product overview

Restore Utah is a unified real estate investment fund and operator offering integrated property investment, construction, and management services. The core offering consists of the Restore Utah investment fund, which deploys capital across multifamily acquisitions (over $100mm invested) and single-family rental portfolios (500+ homes, $90mm+ invested). Supporting operations include Restore Utah Construction (handling renovations and solar installations) and Rize Property Management (managing the rental portfolio). The firm also pursues new development projects ($2-$20mm investments) and provides advisory services for commercial and residential developments. The company focuses on value-add opportunities in underserved communities along the Wasatch Front.

Differentiator

Problem solved

Functional benefit

Products and services

• Restore Utah Investment Fund Privately held real estate investment fund and operator focused on the Wasatch Front in Utah, pursuing multifamily acquisitions, single-family rental portfolio, and new development strategies in underserved communities. Investors subscribe to the fund to deploy institutional capital across the three strategies.
• Restore Utah Construction

Quantifiable outcome

• 12 multifamily communities with 600+ total units
• +2 more outcomes

Segments2 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Four partnerships are on record, tiered minor.

• Kennecott LandminorStrategic or Co-development PartnerFormer employer of principals with 40+ years combined land entitlement and development experience. Principals previously held positions at this major development firm.
• LennarminorStrategic or Co-development PartnerFormer employer of principals with extensive land entitlement and development experience. Principals previously held positions at this major homebuilding firm.
• Catellus ResidentialminorStrategic or Co-development PartnerFormer employer of principals with significant development experience. Principals previously held positions at this development firm.
• Hensel Phelps ConstructionminorImplementation/ SI/ Consulting PartnerSenior Project Manager Chris Meyer previously worked for Hensel Phelps Construction, one of the leading builders in the nation ranked in ENR's Top 400 Contractors.

Scale indicators6 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Invitation Homes: The largest US institutional single-family rental operator with over 80,000 homes. Comparable as a publicly-traded scaled SFR acquirer/operator in similar supply-constrained Sun Belt and Western US metros.
• Greystar Real Estate Partners: The largest US multifamily operator and investment manager with vertically integrated property management, directly relevant to Restore Utah's multifamily acquisition and asset management strategy.
• American Homes 4 Rent: Publicly-traded institutional SFR operator with vertically integrated property management and renovation capabilities, analogous to Restore Utah's integrated acquisition-to-stabilization platform.
• Related Companies: Large diversified real estate firm with a substantial affordable and workforce housing portfolio alongside market-rate and commercial assets, broadly comparable in affordable housing focus and institutional scale.
• Blackstone Real Estate: The largest global institutional real estate investor, heavily active in SFR (Tricon, AIR Communities, Invitation Homes stake) and multifamily, representing the dominant incumbent capital in Restore Utah's competitive set.

Direct peers

• Progress Residential: Institutional single-family rental operator backed by major capital partners, pursuing similar value-add acquisition and lease-up strategies in growing Sun Belt and Western metros.
• The Michaels Organization: National developer, owner, and manager of affordable and workforce housing, directly comparable in mission, tenant segment, and integrated acquisition-development-management operating model.
• Avanath Capital Management: Institutional investment manager specializing in workforce and affordable multifamily housing, highly comparable in target tenant segment (<80% AMI) and value-add operating approach.
• Tricon Residential: Single-family rental operator and developer with a vertically integrated SFR platform and institutional capital backing, comparable to Restore Utah's fix-and-rent value-add approach.
• Pretium Partners: Institutional fix-and-rent / value-add SFR operator deploying large pools of capital into single-family rental portfolios, structurally the closest publicly comparable model to Restore Utah's SFR strategy.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Restore Utah