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]
 | |
| Type | Private |
|---|---|
| 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
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
- 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.