Kennecott Announces Agreement for Sale of Daybreak Assets to Värde Partners

Varde Partners LogoKennecott today announced it has reached an agreement for the sale of its Daybreak assets to Värde Partners, a Minnesota-based global investment firm.

According to the press release the sales includes “approximately 500 finished home sites, 2,500 acres of undeveloped land, the Glass House Information Center, the SoDa Row Retail District, Oquirrh Lake and associated secondary water assets. “

A new company has been formed called ‘Daybreak Communities’, which will continue to manage Daybreak’s development on behalf of Värde Partners. The press released stated that development will be consistent with the Master Plan, which I believe is good news. I am sure everyone who lives in Daybreak wants it to continue on its current path, and it looks like this was part of the selection process when deciding on possible buyers.

The press release continues “This transaction strengthens Daybreak’s future by ensuring the continued delivery of the community’s vision and positioning it for the next chapter of development as expansion begins in the town center and west of Mountain View Corridor. Our continued approach to responsible development will benefit South Jordan City and Daybreak residents, and allows Rio Tinto Kennecott to put more focus on the future of mining in Utah.”

For those people who want more information on the sale, (which is due to the completed in the early summer) a community open house will be held  at the Daybreak Community Center on Monday June 20th at 6pm, where you will be able to speak to members of the development team. Alternately you can email questions to

You can also visit to find out more about Värde Partners.

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