CHERRY CREEK

Riverdale, Utah

The business plan for Cherry Creek is to: 1) distribute dividends to investors from immediate cash flow from operations, 2) improve operations through effective on-site management, and 3) sell the property in seven to ten years.

Cherry Creek is a 225-unit Class B property configured in 14 buildings with units averaging 805 square feet. The property has a full amenity package that includes an outdoor pool, an indoor spa pool, a sand volleyball court, a playground, a business center, a central laundry facility, and a fitness center. The units themselves offer oversized closets, washer and dryer hookups, gas log fireplaces, and private patios or balconies.

The Property is located in Riverdale, a suburb of Ogden, Utah. The Property is situated between the north end of Hill Air Force Base and West Riverdale Road, an area offering easy access to the SLC area via the I-15.