South Jordan s Daybreak bought by Larry H. Miller Real Estate
The populous master-planned Daybreak community in South Jordan is under new ownership.
Larry H. Miller Real Estate bought more than 1,300 undeveloped acres in Daybreak, along with ownership interest in its existing and future commercial structures, from Minneapolis-based Värde Partners, the company announced Monday. The terms of the sale weren t disclosed. We are proud of where the community is today, and we are looking forward to following Daybreak’s continued success under the Larry H. Miller Group’s stewardship, Värde managing director Brendan Bosman said in a prepared statement.
Larry H. Miller Group of Companies (PRNewsfoto/Larry H. Miller Group of Compan)
MINNEAPOLIS and SANDY, Utah, April 12, 2021 /PRNewswire/ Värde Partners and Larry H. Miller Real Estate, a portfolio company of the Larry H. Miller Group of Companies, today announced that Larry H. Miller Real Estate has acquired Daybreak, a premier master-planned community in South Jordan, Utah, from Värde Partners. The purchase consists of more than 1,300 undeveloped acres, including ownership interest in a portion of existing commercial assets and future commercial development, as well as remaining undeveloped residential property. The transaction does not include existing homes within the Daybreak community and certain other assets.