Salt Lake City, UT
2010
42 unit "broken" condo project.
Project construction completed and 42 units sold in a 90 day period, generating 20%+ IRR.
Distressed, partially completed project required final construction completion and sales of units during worst condo downturn in 30 years.
ICO could partner with Ivory Homes to access Ivory Homes’ sales force to market and sell the project, even in a severe market downturn.