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Utah Valley Multifamily Asset Sold by Institutional Property Advisors

Roundhouse acquired The Alloy at Geneva, a 324-unit multifamily asset within Geneva, a master-planned community in Vineyard, UT. Institutional Property Advisors (IPA), a division of Marcus & Millichap, handled the deal on behalf of the seller, affiliates of Dekel Capital and Mountain Capital Partners.

Built in 2015 on 15 acres, the 314,562-square-foot property is composed of 14 three-and four-story residential buildings and a clubhouse. The property is situated within the 1,700-acre Geneva community, the former site of the Geneva Steel Co., about 10 miles northwest of Provo, along Utah State Route 114.

IPA’s Brock Zylstra, Steve Gebing, Cliff David and Danny Shin brokered the deal. Zylstra says, “The Alloy at Geneva is a condominium-quality asset with a well-balanced mix of lifestyle amenities located in the fastest-growing city in the nation.”

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

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