Largest healthcare provider in the Intermountain West acquires 35 acres in developing master-planned community
EPHRAIM, Utah (Sept. 26, 2022) – Ephraim Crossing, a master-planned community in the rapidly growing city of Ephraim, has announced Intermountain Healthcare, the largest not-for-profit healthcare system in the Intermountain West of the U.S., has acquired 35 acres. The acquisition marks one of Intermountain Healthcare’s larger rural developments, as most of the rural communities it owns and operates its facilities in are situated upon nine acres or less.
“We welcome Intermountain Healthcare to Ephraim Crossing. Its reputation of providing the highest-quality healthcare will support our mission of promoting a healthy lifestyle for residents,” said Kevin Romney, managing partner of Camino Verde Group, who is developing Ephraim Crossing.
Intermountain Healthcare will serve as an anchor tenant within the community, creating career opportunities and providing important services for local residents. “Intermountain Healthcare will make an extensive economic impact in Ephraim Crossing, from creating jobs to offering accessible services, the facility will be an essential resource,” said Romney.
In addition to Intermountain Healthcare’s new campus, Ephraim Crossing’s remaining 105 acres will offer a variety of housing, entertainment, retail and office space, indoor and outdoor recreation, higher learning and other essentials. Once completed, the community will be home to more than 700 families, offering city-life amenities in an affordable rural environment.
“Ephraim Crossing was thoughtfully designed to accommodate both families and business professionals looking to relocate,” said Romney. “The community will offer all the same necessities and resources that typically comes with city living, but in a more secure, affordable and rural area to innovate and improve the overall quality of life.”
Ephraim Crossing is planned to encompass living options fit for all residents, including both single-family and multifamily housing units. Residential developments are currently underway in the community’s first neighborhood, The Estates at Ephraim Crossing by Sagebrush Homes, which are now available for purchase.
At The Estates, residents can choose from five floor plans ranging from 2,416 to 5,320 square feet in size with prices starting in the high $300s. The community is also preparing to break ground on its second residential community, Ephraim Crossing Townhomes and is in the process of constructing a two-story, 32,000 square-foot tech office and co-working facility.
“Our investment in Ephraim Crossing exemplifies our dedication to buying and developing in markets with high potential for economic growth,” said Romney. Ephraim is part of a growing list of rural communities that are experiencing economic upturns as a result of companies relocating to improve employee’s quality of life while reducing costs.
ABOUT CAMINO VERDE GROUP
Camino Verde Group LLC is a Las Vegas-based privately held real estate investment, development and asset management company with a focus on multifamily and mixed-use real estate. They generate passive income, long-term equity and appreciation for investors and owners through the purchase/development and, wise management of property assets and maximizing income exit strategies. For more information, visit www.caminoverdegroup.com.