Utah Property Management Associates


Utah Property Management Associates, formerly Zions Securities Corporation, is a subsidiary of Property Reserve Inc., which manages property owned by the [Church of Jesus Christ of Latter-day Saints], mostly in Salt Lake City, Utah. The company manages major corporate, residential, and retail spaces along with parking lots and plazas.

History

Zions Securities Corporation was established in February 1922 as a holding and management company for the taxable, for-profit real estate belonging to the LDS Church. At the time of its incorporation, this included 52 properties valued at approximately $2 million. One notable church-owned property excluded from ZSC's ownership was the Hotel Utah, which was already being managed by a separate company.
In September 1966, the church incorporated Deseret Management Corporation to manage its for-profit companies, including ZSC. Deseret Management Corporation transferred control of ZSC to Property Reserve Inc. in 2010; at the time ZSC was described as a commercial real estate developer.
In January 2012, ZSC changed its name to Utah Property Management Associates, LLC. UPMA is part of the Investment Properties Management Department of the LDS Church.
Through a $2 billion investment in City Creek Center, UPMA participated in a $5 billion church-funded effort to redevelop downtown Salt Lake City in the 2010s.

Properties

Commercial properties

UPMA currently owns and operates the following commercial properties in Downtown Salt Lake City:
;Class A Commercial buildings
;Class B Commercial buildings
;Other Commercial buildings
  • Deseret Book Building
  • Eagle Gate Parking Plaza
  • McIntyre Building
  • Orpheum Office Plaza

    Residential properties

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