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Svikhart & Associates

Svikhart & Associates is a unique commercial real estate services firm catering specifically to owners of multifamily properties comprised of 10 to 60 units. 

Svikhart & Associates strongly believes this niche of owners is an underserved class of properties in the rapidly expanding Wasatch Front marketplace.

Many 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 are too small for the larger, national firms to be overly concerned with.

Svikhart & Associates works with Owners in assisting them to make their properties as profitable and valuable as possible. Once optimum value is achieved, the firm offers the full range of brokerage services in marketing the property to the broadest audience possible as it knows no market is local in the digital age and buyers are everywhere.  

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 with every conceivable challenge in managing, improving, selling, and closing every type and kind of distressed 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 near $50 billion.

Dave has vast asset management expertise and has taken part as a team member and owner’s representative for numerous apartment properties regarding valuation, operational performance, owner distributions, cash flow analysis, capital expenditures and lender reporting with the goal of making the assets perform as efficiently as possible thereby increasing cash flow and property value.

As a published author, Dave has written several chapters for 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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