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Benzinga
Benzinga
Business
Kevin Vandenboss

BlackRock and Cadre Partner on Apartment Building in Salt Lake City, UT, Where Housing Prices Are Up Over 50%

The real estate investment platform Cadre announced yesterday that it has partnered with BlackRock’s (NYSE:BLK) BlackRock Impact Opportunities Fund to acquire The Harvest at Marmalade apartments, a 252-unit multifamily asset in downtown Salt Lake City, Utah.

The BlackRock Impact Opportunities Fund was launched in 2021 with a target of $1 billion to uncover investment opportunities in under-capitalized companies and communities that are poised for growth.

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