Utah Property Management Associates

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Utah Property Management Associates
Company typePrivate
IndustryProperty management, real estate, real estate development
PredecessorZion Securities Corporation
FoundedFebruary 7, 1922; 102 years ago (1922-02-07)
FounderThe Church of Jesus Christ of Latter-day Saints
Headquarters,
Key people
Ashley J Powell (President/CEO), Michael Johnson (CFO)
OwnerCorporation of the President of The Church of Jesus Christ of Latter-day Saints
ParentProperty Reserve Inc.
Websiteutpma.com

Utah Property Management Associates (UPMA), formerly Zions Securities Corporation (ZSC), is a subsidiary of Property Reserve Inc.[1], which manages property owned by the Corporation of the President of The Church of Jesus Christ of Latter-day Saints (LDS Church) mostly in Salt Lake City, Utah.[2][3] They manage major corporate, residential, and retail spaces along with parking lots and plazas.[4]

In January 2012, Zions Securities Company changed its name to Utah Property Management Associates, LLC. UPMA is part of the Investment Properties Management Department of the LDS Church.

Properties[edit]

Commercial properties[edit]

Logo for the former Zions Securities Corporation
The Triad Center in Salt Lake City, December 2013

UPMA currently owns and operates the following commercial properties in Downtown Salt Lake City:[5]

Class A Commercial buildings
  • Beneficial Tower
  • Deseret News Building
  • Eagle Gate Plaza & Office Tower
  • Key Bank Tower
  • Social Hall Plaza
  • Triad Center[6]
  • Zions Bank Building
Class B Commercial buildings
Other Commercial buildings
  • Deseret Book Building
  • Eagle Gate Parking Plaza
  • McIntyre Building
  • Orpheum Office Plaza

Residential properties[edit]

UPMA currently owns and operates the following residential properties, all of which are in Salt Lake City, Utah, except as noted.

  • Brigham Apartments
  • Colonial Court Apartments
  • Eagle Gate Apartments
  • Gateway Condominiums
  • West Temple Apartments
  • Garden Apartments
  • First Avenue Apartments
  • Hanover East Paces Apartments (Atlanta, Georgia)[7]

Mixed use properties[edit]

Entrance to the former ZCMI Center Mall in Downtown Salt Lake City, September 2004

Former properties[edit]

  • ZCMI Center Mall (Salt Lake City, Utah) - Demolished for City Creek Center development
  • Inn at Temple Square (Salt Lake City, Utah) - Demolished for City Creek Center development

References[edit]

  1. ^ Oct. 23, | Posted-; P.m, 2009 at 4:11. "DMC announces division merger". www.ksl.com. Retrieved 2022-03-21.{{cite web}}: CS1 maint: numeric names: authors list (link)
  2. ^ Winter, Caroline and Burton, Katherine. "The money behind the Mormon message", The Salt Lake Tribune, 5 October 2012. Retrieved on 12 March 2020.
  3. ^ Riddle, Isaac. "Church wants to add history-inspired signs on Regent Street", Building Salt Lake, 14 July 2016. Retrieved on 12 March 2020.
  4. ^ Lockhart, Ben. "One tap can pay for parking in some downtown lots", Deseret News, 1 May 2013. Retrieved on 12 March 2020.
  5. ^ "Office Properties". utpma.com. Utah Property Management Associates. Retrieved 11 October 2018.
  6. ^ Max B. Knudson (7 June 1985). "Arab glad he didn't give up on Utah". Deseret News. Retrieved 1 October 2010.
  7. ^ Sams, Douglas. "Utah real estate company buys Buckhead apartments for $117 million", Atlanta Business Chronicle, 5 September 2018. Retrieved on 12 March 2020.

External links[edit]