Red Rocks at Siena Hills

Property

Red Rock at Sienna Hills is a 258-unit affordable family property located in St. George, Utah.

Financing

$36,000,000 fixed rate tax-exempt bond financing providing new construction and permanent loan capital. 

Description

Red Stone purchased $36,000,000 of tax-exempt bonds used to construct Red Rock at Sienna Hills.  The property is located approximately 6 miles northeast of downtown St. George. Red Stone’s bond financing was used in conjunction with a soft loan from the Olene Walker Housing Loan Fund, which was created to support affordable housing options for Utah residents.