Larry H. Miller Plans Thousands of Residences in Daybreak
Larry H. Miller Real Estate recently acquired Daybreak, a master-planned community in South Jordan, UT, from Värde Partners. The purchase consists of more than 1,300 undeveloped acres including an ownership interest in a portion of existing commercial assets and future commercial development as well as remaining undeveloped residential property.
“We look forward to building on the already established success of this community with the remaining undeveloped commercial area and the thousands of residences to be built within this regional destination area,” says Steve Starks, chief executive officer for the Larry H. Miller Group of Companies.
The transaction does not include existing homes within the Daybreak community and certain other assets.
“While Daybreak is truly unique, it is a great example of Värde’s approach to investing in and growing master-planned communities throughout the U.S.,” says Brendan Bosman, managing director at Värde. “Daybreak is an ecosystem consisting of a talented development team, planners, homebuilders, financial partners, the city of South Jordan and residents all working together to create a vibrant community.”
Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM.
In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.
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