Welcome to EGI Real Estate, where we prioritize the pursuit of an exceptional quality of life above all else. Unlike conventional approaches, we revolutionize the industry by putting people’s well-being and happiness at the forefront of our projects.
Our first step is to envision and implement what will truly enhance the quality of life for our residents. We meticulously plan and design communities that cater to their needs, desires, and aspirations.
We carefully consider every element that contributes to an exceptional lifestyle. Our experts analyze the surrounding environment, ensuring access to nature, green spaces, and recreational amenities that inspire a sense of tranquility and well-being. We embrace innovative architectural concepts that promote harmony, comfort, and functionality in every project we develop.
Jared M. Westhoff, Principal
CURRENT PROJECTS INCLUDE:
• FIREFLY – a 2,700+ acre master planned community in Utah County
• SAND HOLLOW VILLAGE – a 161 home residential neighborhood
• SILVER REEF RESORT – a 82 unit vacation home development
• ZION SUNSET – a commercial project serving ZION National Park
EXPERTISE:
• Entitlements
• Utilities (on and off-sites)
• Construction Management
• Economic Development (EDTIF/TIF)
*EGI has managed $12MM+ in
infrastructure improvements over the last
12 months.
TEAM
Jared Westhoff, Principal
Matt Smith, Finance/Controller
Real Estate Entitlement
Jared M. Westhoff has 20 years of experience improving real estate with over 100 government approvals ranging from: annexations; disconnects/de-annexations; zone changes; subdivision plat approvals; creation of a Basis Local District (Utah’s first); planned unit developments (PUD); conditional use, grading, encroachment, and building permits approvals; Special Service Districts enlarging of service area, to shrinking of service area to adding and removing services; development agreements; plat and PUD amendments; plat abandonments, road dedications, RDA’s, ETIF, TIF’s, participation agreements, etc.
Development (Firefly – a Master Planned Community)
Pole Canyon a master planned community in Utah county was put together in partnership with Development Associate Inc. (DAI). The 2,500 acres and some of the surrounding property was annexed into Eagle Mountain City with entitlements secured through a development agreement for up to 9,659 residential units, 180+acres of commercial, 160+- acres of parks, and 452+- acres of industrial land. Recently Pole Canyon has landed Tyson F
Economic Development
Jared understands the complexities of Tax Increment Financing (TIF), EDTIF tax credits, Special Assessment Areas, General Obligation bonds, Special Obligation bonds and how these tools can be used to lure companies to locate in the industrial park he co-manages. This experience helps with all projects he manages.
Infrastructure Planning
Understanding how both System and Local infrastructure improvements work are core areas of strength that greatly help and aide Jared when seeking government approvals and making a project work financially. Planning for master and local infrastructure: power; natural gas; drinking, storm and waste water; regional and local roads; regional and neighborhood parks are all part of what Jared does with projects of all sizes.
Cash Flow Asset Management
Jared’s management of long term hold assets include: commercial in-line space, an apartment building, an RV park, single family homes and multi-family units. Jared understands the need for good tenant management includes triple net and other leases with the willingness to enforce provision contained in the lease along with a sharp pre calcification process. Property management requires common area maintenance plans and appropriate sinking funds for the assets involved.
Recreational Properties
Jared is the managing partner for 5 RV Resorts that are located the Northern part of Utah. These properties have a combined total of just over 400 RV pads and tent sites along with a handful of cabins.
Distress Properties 190+
Distress properties have been bought and sold. Approx. 60% of the properties came pre-foreclosure by working with homeowners and banks to avoid the extra costs and conscience of foreclosure and bankruptcy processes. Other came through banks REO departments and from note purchases.
Numbers
Knowing the numbers is perhaps the most critical element of any project. When working with a purchase, cities for approvals and contractors during construction JARED develops and keeps a spreadsheet to guide any decisions with the knowledge of how decisions/changes will affect the budget, projected IRR and debt coverage service ratio’s.
Speed
In 2016 Jared was the lead on entitling 24 acres into a Planned Unit Development (PUD) that was approved in 60 days. The Grand Staircase Resort approvals included: RV’s (57), Cabins (25) and Tent Sites (35), Commercial Pads (3) and Vacation Homes (39). This project’s first phase of construction was completed in less than 6 months from acquisition of the property.
Other Projects by EGI Real Estate:
Firefly
Master Planned Development
A layout open space that runs from one end of the land to the other (Goal is 300+acres open space) while stringing amenities a long open space. Offering homestyles for all families. Learn More
Sand Hollow Village
Planned Development
Your future haven is conveniently situated, offering the tranquility of nature without sacrificing easy access to amenities and nearby towns. With 1/4 to 1/3 acre lots with No HOA. Learn More
Silver Reef Resort
Luxury Vacation Homes
Your luxury vacation home near Zion Nation Park offers an unparalleled escape from the everyday hustle and bustle with a pool, hot tub, bbq grill in the backyard and more. Learn More
Zion White Bison Resort
Glamping + RV
Zion White Bison Glamping + RV Resort’s western experience with a modern twist. Escape the chaos of our busy world and reclaim precious time with loved ones amid nature’s beauty. Learn More
Commercial Property
80+ acres near Zion National Park
Condos: 200|3-4 bed units for short term rental & long term rental, rough grading done with utilities Stubbed to Property. C-Store and Resturant property available too. Learn More
Contact Us
If you're interested in learning about our properties or joining our buyer's list, please send us a message. EGI Real Estate Development & Management is here to assist you.