Utah Property Management Associates
Utah Property Management Associates (UPMA), formerly Zions Securities Corporation (ZSC), is a subsidiary of Property Reserve Inc., 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.[1][2] They manage major corporate, residential, and retail spaces along with parking lots and plazas.[3]
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Type | Private |
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Industry | Property management, real estate, real estate development |
Predecessor | Zion Securities Corporation |
Founded | February 7, 1922 |
Founder | The Church of Jesus Christ of Latter-day Saints |
Headquarters | , |
Key people | Ashley J Powell (President/CEO) Michael Johnson (CFO) |
Owner | Corporation of the President of The Church of Jesus Christ of Latter-day Saints |
Parent | Property Reserve Inc. |
Website | utpma |
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
Commercial properties
![](../I/Zions_Securities_logo.png.webp)
![](../I/Triad_center_slc_utah.jpg.webp)
UPMA currently owns and operates the following commercial properties in Downtown Salt Lake City:[4]
- Class A Commercial buildings
- Beneficial Tower
- Deseret News Building
- Eagle Gate Plaza & Office Tower
- Key Bank Tower
- Social Hall Plaza
- Triad Center[5]
- Zions Bank Building
- Class B Commercial buildings
- 139 East South Temple
- J. C. Penney Building
- Other Commercial buildings
- Deseret Book Building
- Eagle Gate Parking Plaza
- McIntyre Building
- Orpheum Office Plaza
Residential properties
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)[6]
Mixed use properties
![](../I/ZCMI_Center_from_Church_Plaza.jpg.webp)
- City Creek Center (Salt Lake City, Utah)
- Lake Park Corporate Centre (Salt Lake City, Utah)
- Highbury at Lake Park (West Valley City, Utah)
- Shoal Creek Valley (near Liberty, Missouri)
- 1600 Vine Street Complex (Philadelphia, Pennsylvania)
Former properties
- 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
- Winter, Caroline and Burton, Katherine. "The money behind the Mormon message", The Salt Lake Tribune, 5 October 2012. Retrieved on 12 March 2020.
- Riddle, Isaac. "Church wants to add history-inspired signs on Regent Street", Building Salt Lake, 14 July 2016. Retrieved on 12 March 2020.
- Lockhart, Ben. "One tap can pay for parking in some downtown lots", Deseret News, 1 May 2013. Retrieved on 12 March 2020.
- "Office Properties". utpma.com. Utah Property Management Associates. Retrieved 11 October 2018.
- Max B. Knudson (7 June 1985). "Arab glad he didn't give up on Utah". Deseret News. Retrieved 1 October 2010.
- Sams, Douglas. "Utah real estate company buys Buckhead apartments for $117 million", Atlanta Business Chronicle, 5 September 2018. Retrieved on 12 March 2020.