Drexler Townhomes, an off-market acquisition, is a newly constructed, 117-unit multifamily property located in the fast-growing city of Lehi, UT. The Lehi population grew by 27% from 2020 to 2025, making it the third fastest growing city in the U.S. The property is situated within Silicon Slopes, a rapidly expanding technology hub spanning from Salt Lake City to Lehi that has attracted top tech companies, startups, and talent from across the country with Lehi becoming the tech epicenter within Silicon Slopes. Companies such as, Adobe, Qualtrics, Oracle, Microsoft, Intel, Ancestry.com, and EA Sports along with other notable companies have large presences in Silicon Slopes.
With an average unit size of 1,705 square feet and consisting of 2- 3- and 4-bedroom units, Drexler Townhomes caters directly to the local demand for family-oriented, spacious housing, a segment underserved by this market. Utah has the largest average household size in the country at 3.0 people per household, making the predominately 3- and 4-bedroom unit mix highly aligned with local demographics.
Completed in 2023, the property finished its lease-up at the end of Q1 2025. The property consists of all 2-story townhome style units with attached garages, featuring living and kitchen areas on the ground floor and bedrooms on the upper floor. Each unit include a basement, some of which have been renovated to add an additional bedroom and full bathroom. The interiors consists of high-end finishes, stainless steel appliances, vinyl wood flooring, quartz countertops, modern lighting, and hardware. All units have laundry rooms with full size washer & dryers. Common area amenities include a fitness center, pool with hot tub, clubhouse, dog park, and pickleball court.