Bill Knowlton: Forty Under 40
Congratulations to Bill Knowlton, director of acquisitions and general counsel at Parley’s Partners, LLC. He was named one of Utah Business’ 2018 Forty Under 40 honorees.
In his role with Parley’s Partners, Bill Knowlton has assisted in the remediation and repositioning of in excess of $450 million of Brownfield projects in Utah and California, encompassing 7.8 million square feet of industrial and multifamily developments. In addition, the real estate development firm has secured more federal Low Income Housing Tax Credits than any other multifamily developer in Utah.
“Affordable housing is the greatest challenge facing Utah this decade. There is currently a shortage of 38,000 affordable dwelling units in Utah. However, less than 650 units are placed into service each year,” says Knowlton. “Demographic forecasts predict that metro Salt Lake’s population growth will continue to strongly outpace national benchmarks over the next five years, driven by job growth and net in-migration. All of these people need an affordable place to live.”
COMMUNITY INVOLVEMENT: “After college, I started a 501(c)(3) charitable foundation, which organized, funded, built and operated small-scale HIV/AIDS clinics in rural Uganda. We literally provided the brick and mortar for what has become known as the Rakai Hospital. The Rakai Hospital treats thousands of expectant mothers and infants on a yearly basis, who are vulnerable to malaria, malnutrition, gastrointestinal disease, HIV/AIDS, obstetric complications, respiratory infections and skin diseases. The Rakai Hospital is now entering its 14th year of operation and is completely self-sustaining.”