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Mission Statement

Wasatch Property Managements success is based on the following three fundamental operating tenets,
  1. Identify and acquire undervalued real estate
  2. Add value to existing and new real estate
  3. Service to Residents, Coworkers, Business Partners, Suppliers and Lenders
The first describes the birth of our business identifying undervalued real estate. This real estate has typically lost value due to inadequate management or management systems, underfunded capital maintenance and repair, and over-financed or inadequately structured financing. When we identify these elements in a market that is within two hours flight time of Salt Lake City, Utah we review these as potential investment opportunities.

The second fundamental is to rapidly recover the acquisition and rehabilitation capital invested. This rapid recovery is critical to business growth since earned capital is rapidly reinvested in new opportunities. We seek investments that will return invested capital in three years or less. The earnings growth needed to accomplish this results from rejuvenating the community with capital improvements, improving customer service, improving the effectiveness of invested labor, and structuring debt to be most effective.

The third fundamental is the most important to me personally and gives us a unique view of our mission to our associates and community residents. Wasatch Property Management exists to better the depth of human value of each person who associates with us or is served by us. Seeking human dignity and respect in all we do is the core reason we will prosper and endure as a company. We have adopted Stephen Covey's "Seven Habits of Highly Effective People" as our core trading in ethics principles and values to guide ourselves toward richer personal connections with fellow associates, suppliers and residents. We leave each person we touch with a true feeling of importance and self worth. We will grow and prosper to the extent our principles are immovable in these areas.

Our business of caring for our fellow beings housing and security needs, performed with great respect, will leave a lasting mark on the communities and people we touch. I expect our company to be associated with great service companies like Nordstroms, Hyatt, Merck and others who have mastered the principles of seeking to elevate all people we are given the opportunity to serve.

Dell Loy Hansen
Chief Executive Officer





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