Utah Property Management Associates

Last updated
Utah Property Management Associates
Company type Private
Industry Property management, real estate, real estate development
PredecessorZion Securities Corporation
FoundedFebruary 7, 1922;103 years ago (1922-02-07)
Founder The Church of Jesus Christ of Latter-day Saints
Headquarters
Salt Lake City, Utah
,
United States
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.com

Utah Property Management Associates (UPMA), formerly Zions Securities Corporation (ZSC), is a subsidiary of Property Reserve Inc., [1] 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. [2] [3] They manage major corporate, residential, and retail spaces along with parking lots and plazas. [4]

Contents

History

Through a two billion dollar investment in the City Creek Center Utah Property Management Associates participated in a five billion dollar Church effort to develop downtown Salt Lake City. [5]

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.[ citation needed ]

Properties

Commercial properties

The Triad Center in Salt Lake City, December 2013 Triad center slc utah.jpg
The Triad Center in Salt Lake City, December 2013

UPMA currently owns and operates the following commercial properties in Downtown Salt Lake City: [6]

Class A Commercial buildings
Class B Commercial buildings
Other Commercial buildings

Residential properties

UPMA currently owns and operates the following residential properties, all of which are in Salt Lake City, Utah, except as noted.

Mixed use properties

Entrance to the former ZCMI Center Mall in Downtown Salt Lake City, September 2004 ZCMI Center from Church Plaza.jpg
Entrance to the former ZCMI Center Mall in Downtown Salt Lake City, September 2004

Former properties

References

  1. ↑ Oct. 23, | Posted-; P.m, 2009 at 4:11. "DMC announces division merger". www.ksl.com. Retrieved 2022-03-21.{{cite web}}: CS1 maint: numeric names: authors list (link)
  2. ↑ Winter, Caroline and Burton, Katherine. "The money behind the Mormon message", The Salt Lake Tribune , 5 October 2012. Retrieved on 12 March 2020.
  3. ↑ Riddle, Isaac. "Church wants to add history-inspired signs on Regent Street", Building Salt Lake, 14 July 2016. Retrieved on 12 March 2020.
  4. ↑ Lockhart, Ben. "One tap can pay for parking in some downtown lots", Deseret News , 1 May 2013. Retrieved on 12 March 2020.
  5. ↑ "The money behind the Mormon message". sltrib.com. Salt Lake City Tribune. Retrieved 4 September 2025.
  6. ↑ "Office Properties". utpma.com. Utah Property Management Associates. Retrieved 11 October 2018.
  7. ↑ Max B. Knudson (7 June 1985). "Arab glad he didn't give up on Utah". Deseret News . Retrieved 1 October 2010.
  8. ↑ Sams, Douglas. "Utah real estate company buys Buckhead apartments for $117 million", Atlanta Business Chronicle , 5 September 2018. Retrieved on 12 March 2020.
  9. ↑ "How the Mormons Make Money". bloomberg.com. Bloomberg. Retrieved 4 September 2025.
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