July 31, 2013

Cover Story

CEO of the Year

Utah’s business landscape is rich with professionals who have le...Read More

Featured Articles

Did you go Skiing this winter?

Around Utah

Sections

Spotlight
Martin Plaehn

Spotlight
Karen Sendelback

Legal Briefs
Social Media and Employers: Friends or Enemies?

Money Talk
The Case for HSAs

Economic Insight
Time to Show Up

Lessons Learned
Make a Move

TechKnowledge
In the Lab

EntrepreneurEdge
Rent to Own

Business Trends
Back from the Dead

Living Well
Artful Inspiration

Features
A Breath of Fresh Air

Features
Worst-Case Scenario

Regional Report
Northern Utah

Focus
Measure Up

Industry Outlook
Travel & Tourism

Players
Players

Article

Mountain Real Estate and DAI/Candlelight Homes to Build New South Jordan Community

Press Release

July 31, 2013

Salt Lake City – Mountain Real Estate Capital (MREC) has closed a new investment with DAI/Candlelight Homes of Utah. The new joint venture intends to develop Santorini Village, a 199-lot housing community located in South Jordan. The transaction represents MREC’s first investment in the Salt Lake City housing market.

Developers plan for Santorini Village to be developed into 117 townhomes and 82 single family homes ranging in price from $190,000 to $350,000. Candlelight Homes will build homes at the community and DAI be develop the site for the joint venture.

Asset manager Chris Bornemann and managing director Joel Kaul of MREC completed the investment for MREC.

“We are extremely excited to introduce Santorini Village to the South Jordan housing market,” said Bryan Flamm, CEO of Candlelight Homes. “We have redesigned the Candlelight Homes housing product specifically for Santorini Village and believe our smart space design/technology will be very popular with our new homeowners.”

Over the past three years, MREC has completed similar investments with private homebuilders and developers desiring to recapitalize and grow their portfolios in Florida, Colorado, California, North Carolina, Texas, Virginia and Wisconsin.

Utah Business Social
UB Events View All
Utah PR Spring ConferenceUtah Business Event
May 7, 2015
Join your colleagues from Utah Business along with PRSA & IABC for this important, 1-day event th...
30 Women to WatchUtah Business Event
May 21, 2015
Utah Business Magazine along with Snell & Wilmer are proud to announce the 16th annual 30 Women T...
CXO of the Year 2015Utah Business Event
Jun 25, 2015
Utah Business Magazine along with Stoel Rives - are proud to present the 2015 CXO of the Year Awa...
Community Events View All
Walk a Mile in Her Shoes
Apr 18, 2015
Come join us for the family friendly community march to end sexual assault and violence in our co...
Creating a Strategic Thinking Paradigm
Apr 20, 2015
In today's competitive economic environment, organizations need strategic thinkers. Strategic thi...

info@utahbusiness.com  |  90 South 400 West, Ste 650 Salt Lake City, Utah 84101   |  (801) 568-0114

Advertise with Utah Business

Submit an Event

* indicates required information
* Event Name:
Price (general):
Website (if applicable):
Coordinator's Name:
Coordinator's Email:
Coordinator's Phone:
Venue Name:
Venue Address:
Venue City:
Venue Zip:
Event Capacity:
Date(s):
to
* Event Description:
  Cancel