Multi-Billion Dollar REIT Launched in Utah

John M. Laviter, founder and CEO, has announced a partnership with Kunz Investments, Inc., a venture capital group from California, to establish a $2 billion Real Estate Investment Trust (REIT) headquartered in Salt Lake City, Utah. This REIT will target strategic property acquisitions in major U.S. metropolitan areas, as reported from investor meetings in Phoenix, Arizona.

Laviter, who sold Northpoint Asset Management in 2023, brings considerable real estate experience to this venture. His previous company managed over 8,100 properties and operated across 23 states. Laviter emphasized timing as a critical factor in business strategy, stating that it outweighs even the best products or operations.

The new REIT will utilize debt and equity capital, with financing from sources like LendingOne. Laviter will chair the board and lead the executive team.