About Millburn
Committed to Excellence
Est. 2010
Who We Are
We are a privately held real estate investment firm based in Salt Lake City, Utah. We specialize in acquiring and managing “A” and “B” class multifamily properties in secondary or tertiary US Markets with solid demographics. Since our founding in 2010, we have acquired over 17,000 apartment units and built a current portfolio of 11,326 units valued at over $3 billion.
We owe much of our ongoing success to years of building relationships and establishing a reputation of honesty and dependability. We continually refine our robust investment strategy. Our insider knowledge and seasoned approach have enabled us to generate consistently strong cash flows and deliver solid financial gains to our investors. And at the same time, we provide our residents with a great place to call home.
Our Story
History and Foundation
Millburn was founded by Jed Millburn in 2010. Prior to founding Millburn, Jed Millburn was a multifamily broker for several years and learned the business from his father Mark Millburn, who was an iconic multifamily broker in the Salt Lake City Metro. Mark taught Jed the business from 2004-2007, but also instilled in him deeper values that remain the foundation of Millburn today, including integrity and excellence.
During his time as a multifamily broker, Jed hired Sage Sawyer in 2007. Together they gained invaluable multifamily experience by underwriting 40,000+ units and brokering 13,000+ units. By 2010 it became apparent that the time was right to shift to investment and asset management. The lessons learned during their brokerage years continue to influence Millburn today.
Our Mission
At Millburn, our mission is to create wealth for our investors by treating every dollar like it’s our own. To ensure alignment with our capital partners, Millburn Principals contribute significant capital to each investment property.
We hold ourselves accountable. To ensure we are accountable to investors, we provide clear and consistent communication.
Our vision is driven by our core values
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Integrity is at the center of our every action at Millburn. We value our reputation for honesty and dependability. We proactively communicate with investors through consistent, transparent, and complete reports.
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We are careful and thoughtful in all our decisions—whether investment or management. We resolve issues with attentive hard work, focus on details, and thorough evaluation of insights from experts both inside and outside of Millburn.
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As a critical component of a truly enjoyable life, we focus on peace of mind. Millburn strives to provide peace of mind not only to our investors, but also to our team members, residents, and other partners. In an ever-tumultuous world this core value can’t be overstated in its impact and importance at Millburn.
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We are obsessed with progression and excellence. We are not interested in being the biggest multifamily investment company in the world, but we are consumed with being the best.
Team
We put into action Millburn’s core values
The Millburn team brings peace of mind through integrity, prudence, and excellence. We support each other and collaborate to create value and solve problems. We are proud to be part of a great team and humbled by the trust and faith investors place in us.
Charitable Endeavors
We Care Deeply About Families and Community
Millburn has a strong commitment to giving back to communities and charitable organizations. We make it a priority to give ongoing donations to organizations and causes that are focused on strengthening families, furthering education, and supporting communities. We believe we all have a part to play in making the world a better place. Since our inception in 2010, we have donated over $1 million to help underprivileged people and communities, fight human trafficking, and promote education.
Committed to Positive Impact
We are dedicated to responsible investing that delivers both impact and performance. We focus on investing in newer vintage properties that provide more efficient mechanical systems, which reduce water and energy consumption and provide operational savings, which leads to great value creation.