Security National Financial Corporation Announces the Ribbon Cutting Ceremony for New Building in Murray, Utah
August 30 2017 - 8:30AM
Security National Financial Corporation (Security National)
(NASDAQ:SNFCA) will be holding a ribbon cutting ceremony Wednesday,
August 30, 2017 at 12:00pm. The ceremony will celebrate the
completion of their newest building located at 434 West Ascension
Way in Murray, Utah.
The ceremony will consist of a short welcome by
the Chamber of Commerce as well as a few words from Scott M. Quist,
the CEO and Chairman of the Board for Security National Financial
Corp.
Security National has consistently occupied and
acquired assets since 1984 with the anticipation of creating a
best-in-market office campus in the heart of the Salt Lake Valley.
With nearly 20-acres of developable land and strong economic growth
in the Wasatch Front region, Security National expects strong and
consistent demand for leasing of the product. The location of the
campus is strategically placed for ease of access for all who
visit. Security National has long held this location and is
dedicated to the growth of the economic trade area in Salt Lake and
Murray, in specific.
The 53rd Center development will include all the
currently owned land and will consist of 6 buildings and nearly 1
million square feet of Class A office space. While rents continue
to increase in the Salt Lake Valley Security National will take a
phased approach to the development. This will allow a strategic
growth model allowing the expansion of Security National as well as
the third-party tenants that occupy the space.
The Company anticipates the campus can
accommodate over 5,000 employees and will implement amenities
on-site that are necessary and desirable to today’s workforce. With
these planned amenities, mixed uses and being located immediately
off I-15 Security National plans to create a desired destination in
the central valley corridor of Salt Lake.
Security National as well as their strategic
associates Nuterra Partners, IBI Group and Layton Construction have
worked to develop the location as a premier office on the Wasatch
Front. With strong leasing interest the Company is anxious to begin
future buildings on the site.
Security National Financial Corporation (NASDAQ:SNFCA) engages
in life insurance, cemetery and mortuary, and mortgage loan
businesses. The company’s Life Insurance segment engages in selling
and servicing life insurance, annuity products, and accident and
health insurance. This segment offers various life insurance
products, such as funeral plans and interest-sensitive life
insurance; other traditional life, accident, and health insurance
products; annuity products comprising single premium deferred
annuities, flexible premium deferred annuities, and immediate
annuities; and diver's accident policies, as well as cedes and
assumes certain risks with various authorized unaffiliated
reinsurers pursuant to reinsurance treaties. Its Cemetery and
Mortuary segment operates eight mortuaries and five cemeteries in
the state of Utah, and one cemetery in the state of California.
This segment also markets plots, interment vaults, mausoleum
crypts, markers, caskets, flowers, and other death care related
products; and provides professional services of funeral directors,
opening and closing of graves, use of chapels and viewing rooms,
and use of automobiles and clothing. The company’s Mortgage segment
originates and underwrites residential and commercial loans for new
construction, existing homes, and real estate projects primarily in
Florida, Nevada, Texas, and Utah. It offers mortgage loan products
to real estate brokers, independent mortgage loan originators, and
investors. Security National Financial Corporation was founded in
1965 and is headquartered in Salt Lake City, Utah.
This press release contains statements that, if
not verifiable historical fact, may be viewed as forward-looking
statements that could predict future events or outcomes with
respect to Security National Financial Corporation and its
business. The predictions in these statements will involve risk and
uncertainties and, accordingly, actual results may differ
significantly from the results discussed or implied in such
forward-looking statements.
For Further Information Contact:
Brian Nelsen or Garrett S. Sill
Security National Financial Corporation
P.O. Box 57250
Salt Lake City, Utah 84157
(Telephone) (801) 264-1060
(Fax) (801) 265-9882
Website: www.securitynational.com
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