FOR IMMEDIATE RELEASE

WEST JORDAN, UT, September 29, 2025 –  Gardner Group along with its partner PGIM, is pleased to announce the groundbreaking of the flagship “GEM by Gardner” branded community, Gardner Group’s exclusive multifamily brand aimed at bringing institutional quality to the Utah market through strategically positioned, best-in class offerings. GEM West Jordan features 336 for-rent units in the City of West Jordan, directly in the Salt Lake Valley’s growth corridor.

GEM West Jordan was envisioned as a new kind of attainable product, blending sophistication with efficiency in direct response to the affordable housing crisis. Significant effort went into creating a sustainable, modern community highlighted by an elevated clubhouse and amenity package. The design emphasizes efficiency to foster inclusivity throughout the community.

The project features a blend of 1-, 2-, and 3-bedroom units with a focus on larger units for families. Community amenities include a pool, clubhouse, gym, bike repair and dog wash along with significant outdoor living space. Gardner is also building the City of West Jordan a 4-acre public park directly adjacent to this project with dedicated parking to enhance access from local neighborhoods.

“Gardner is so excited to see this project take shape” notes Mackenzie Jellum, Gardner’s Multifamily Partner “it truly has been a team effort thanks to input from our neighbors, the City of West Jordan, our architects, contractor and partners. This will be a project the whole community can be proud of.”

Sitting along the Mountain View Corridor, GEM West Jordan is an approximately 30-minute drive to the Central Business District, Salt Lake International Airport and the rapidly developing “Silicon Slopes”. There is a TRAX Redline stop within 2 miles of the site, providing direct access via light rail to downtown Salt Lake City. Additionally, with a drive time under 1 hour to the Wasatch range and 6 World Class Ski resorts, GEM West Jordan enjoys easy access to plentiful outdoor amenities.

With their extensive market experience, Gardner Group seeks to set a new standard in Utah multifamily and present a unique opportunity in the Salt Lake market. GEM West Jordan will serve as a model for future GEM by Gardner projects.

In addition to PGIM’s real estate group, Zwick Construction, Zions Bank, First National Bank of Alaska, FFKR Architects, Ensign Engineering, Ariel Fox Design and the City of West Jordan have all been incredible partners in this development deal.

About Gardner Group

Gardner is a full-service commercial real estate development and management company headquartered in Salt Lake City, Utah with offices in Boise, ID and Henderson, NV. Gardner has developed over 30-million square feet of commercial properties spanning retail centers, multi-family residential, office, industrial, medical campuses and senior living. The real estate company is part of Gardner Group, which builds better communities through thoughtful, sustainable practices in developing and managing real estate, renewable energy, investing in innovation and providing results-oriented philanthropy.

About PGIM

PGIM, the global asset management business of Prudential Financial, Inc. (NYSE: PRU) is built on a 150-year legacy of strength, stability, and disciplined risk management through more than 30 market cycles. Managing more than $1.44 trillion in assets,1 PGIM offers clients deep expertise across public and private asset classes, delivering a diverse range of investment strategies and tailored solutions — including fixed income, equities, real estate and other retail investment vehicles. With 1,450+ investment professionals across 42 offices in 19 countries, we serve retail and institutional clients worldwide. For more information visit pgim.com.

PGIM’s real estate business is the world’s third-largest real estate investment manager, with $213 billion in gross assets under management and administration,2 and real estate professionals located in 30+ cities worldwide. Through our full suite of real estate equity and debt solutions, we aim to achieve exceptional outcomes on behalf of investors and borrowers. Our uncompromising commitment to building lasting relationships with our clients is founded on trust, transparency, and mutual respect.

Prudential Financial, Inc. (PFI) of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom, or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom. For more information please visit news.prudential.com.

1 As of June 30, 2025.

2 As of June 30, 2025. Net AUM is $138 billion and AUA is $47 billion. PGIM Real Estate is the third-largest real estate investment manager (out of 72 firms surveyed) in terms of global real estate assets under management based on Pensions & Investments’ “Largest Real Estate Investment Managers” list published October 2024. This ranking represents AUM as of 6/30/24. Participation in the ranking is voluntary and no compensation is required to participate in the ranking.

Contact: Max Muller
Email: [email protected]

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