Tuesday, May 14, 2013

Provo River tract sold to private equity fund

Sporting Ranch Capital Management bought the 204-acre property in Summit and Wasatch counties east of Park City in December from Property Reserve Inc., which manages real estate owned by the Corporation of the President of The Church of Jesus Christ of Latter-day Saints. Terms of the deal weren’t announced.

The Dallas-based fund said it will invest $1 million in the land to create "an unrivaled fly-fishing ranch by enriching [its] waterways and improving conservation and management of the pristine property." Salt Lake Tribune