Svikhart & Associates

Svikhart & Associates is a unique commercial real estate firm catering specifically to owners of multifamily properties comprising 10 to 60 units. Svikhart & Associates strongly believes this niche of owners is an underserved class of properties in the rapidly expanding Salt Lake Valley marketplace. Many of the properties in the 10-unit to 60-unit range, what the firm calls the “Midrange Tier,” are either too big for single family brokers to properly understand, value and market or too small for the larger, national firms to be overly concerned with.

David Svikhart

Dave Svikhart has worked in commercial real estate in Utah for 40 years. Dave’s background is diverse and well-suited in assisting owners of the Midrange Tier. Dave began his real estate career as the Senior Vice President of the Real Estate Owned (REO) Department at American Savings. While at American, REO sold and closed over 1,100 properties. The department was confronted every conceivable challenge in managing, improving, selling and closing every type and kind of real estate from raw land in Weber County to urban high-rise office buildings to apartments in Salt Lake City.

In the mid-1990s, Dave was one of the first people hired at a firm that would come to be known as Bridge Investment Group. At its inception, Bridge owned and managed multifamily properties valued at approximately $50 million. In less than eight years, as Acquisitions/Dispositions Director, Dave grew Bridge’s portfolio from $50 million to $450 million and from approximately 500 units to 7,000+ units in 11 states. Today, Bridge Investment Group has assets under management exceeding $30 billion.

Dave also has vast asset management expertise and has participated as a team member and owner’s representative for numerous apartment properties in regard to valuation, operational performance, owner distributions, cash flow analysis, capital expenditures and lender reporting with the objective of making the assets perform as efficiently as possible thereby increasing cash flow and property values.

As a published author, Dave has written chapters for several Asset Management textbooks and has been published in Multifamily Executive magazine. Additionally, Dave distributed a weekly newsletter to over 1,500 clients addressing property management and asset management issues of the day. Dave served on the Salt Lake City Historical Landmarks Commission for six years and was on the Board of Directors for the Utah Arts Festival.

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