Real Estate Acquisitions in Utah

The Cynosure Group acquired Park City-based Utah Development and Construction and reorganized it into a newly established development platform jointly owned with Clyde Capital Group, a subsidiary of Clyde Companies. The joint venture, operated by Cynosure Elevations and Clyde Capital Group, will focus on hospitality and mixed-use resort projects across the Intermountain West to scale development efforts in high-growth resort markets.

Peachtree Group acquired the 100-room AC Hotel by Marriott in Park City, Utah — its sixth hotel purchase of the year as the firm expands its hospitality portfolio. The asset will be operated by Peachtree's hospitality management division as part of its growing hotel platform.

LP First Capital, with financing partners Genesis Park and Samson Capital Group, has acquired Northpoint Asset Management, a top-10 national single-family rental property manager. Northpoint, founded in 2006 and headquartered in Salt Lake City, UT, manages over 8,100 homes across more than 22 states and will serve as LP First Capital's platform for growth and add-on acquisitions in the fragmented property management sector.

Fathom Holdings Inc. (NASDAQ: FTHM) has acquired Utah-based iPro Realty Network, a full-service residential real estate brokerage with roughly 435 agents and a strong presence across multiple Utah markets. The deal expands Fathom’s geographic footprint in Utah and brings iPro agents onto Fathom’s technology platform and complementary mortgage, title, and insurance services; terms were not disclosed.