SALT LAKE CITY--(BUSINESS WIRE)--
Security National Financial Corporation (NASDAQ: SNFCA) (the "Company")
is pleased to announce an award given to Security National Real Estate
Services (SNRE) for its recent multifamily development, Dry Creek at
East Village. Sandy City (Utah) awarded the project its Quality
Development Project of the Year Award at the city's annual Sandy Summit
award ceremony held February 24th. The award was given to Dry
Creek at East Village for raising the bar for future developments in
Sandy City.
In his presentation of the award, Mike Coulam, Director of Community
Development for Sandy City, stated, "This project truly makes Sandy City
a better place to live." He continued, "The Dry Creek Apartments at East
Village has set a high standard of quality development for The Cairns
(the city's branded downtown area) and Transit Oriented Development
across Utah."
This award, in large part, came about as a result of the multi-year
effort of the Company to develop relationships within the community and
set a vision for the area. The Company has other land holdings in the
immediate area that may be used for future development, including
housing, commercial and retail uses.
Dry Creek at East Village is being leased through Alliance Residential
Company, and is being constructed by Rimrock Construction. Leasing
commenced in November 2014 and the property is scheduled to be
stabilized by the end of 2015. Construction of the project will be
completed by the end of summer.
Dry Creek at East Village boasts access to an expansive trail network,
amenities within walking distance and close proximity to transit
services. Retail, dining and entertainment are all located adjacent to
Dry Creek at East Village, making this a desirable housing location.
The award was presented to Bryce Baker of SNRE at the awards ceremony.
SNRE is a wholly owned subsidiary of Security National Financial Corp.
and its business purpose is to acquire, develop and manage the real
estate investments of the Company and its subsidiaries.
The Company continues to acquire new real estate properties as well as
looks to develop future projects on its current land holdings. As it
does so, the Company anticipates continued improvements to the yields of
its invested assets.
This press release contains statements that, if not verifiable
historical fact, may be viewed as forward-looking statements that could
predict future events or outcomes with respect to Security National
Financial Corporation and its business. The predictions in these
statements will involve risk and uncertainties and, accordingly, actual
results may differ significantly from the results discussed or implied
in such forward-looking statements.
Security National Financial Corporation
Bryce Baker or Garrett S.
Sill, 801-264-1060
fax: 801-265-9882
www.securitynational.com
Source: Security National Financial Corporation
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