An Official Press Release
June 9, 2025

Strategic Partnership Brings PEG’s Signature Management Style to The Ritchie Group’s Innovative SolHavn Apartments

Blending hospitality and lifestyle, PEG’s experience-driven approach enhances SolHavn’s Scandinavian-inspired design, resort-style amenities, and curated community programming.

AMERICAN FORK, UT — PEG, a leading vertically integrated real estate investment, development and operations firm, has officially begun managing SolHavn Apartments, a leading-edge Class A multifamily community in American Fork, Utah. Owned and developed by The Ritchie Group, SolHavn represents a shared vision of experience-first living.

 

With deep expertise in both residential and hospitality assets, PEG brings a uniquely integrated philosophy to operations—one that elevates the resident experience through exceptional service, curated community-building, and lifestyle programming. From concierge-style support to meaningful engagement opportunities, the goal is to offer residents the comfort and care of a high-end hotel with the familiarity of home.

 

“We’re thrilled to bring our white-glove management style to SolHavn,” said Debra Spohn, President, Residential Property Management at PEG. “This isn’t just about operations—it’s about creating moments that matter, building community, and delivering an environment where residents feel seen, supported, and inspired.”

 

SolHavn, which opened in August 2024, features 352 units in studio, one-, two-, and three-bedroom floor plans, each outfitted with smart home technology and contemporary finishes. Designed with intentionality and lifestyle at its core, the property includes a resort-style pool, sauna, yoga studio, 24/6 fitness center, rooftop lounge, EV charging, secure access, garages, a one-of-a-kind “maker room” with 3D printing, painting, hobby equipment and more.

 

The collaboration between PEG and The Ritchie Group is built on a shared commitment to intentional placemaking and lifestyle-driven living. United by common values, the two firms are elevating SolHavn’s market-leading position through thoughtful, experience-based management—curating resident affinity groups, hosting buzzworthy events, and fostering a culture of connection that’s as authentic as it is photo-worthy.

 

“The Ritchie Group designed SolHavn with true vision and intention,” Spohn said. “Our goal is to build on that by cultivating a sense of place—where design, connection, and lifestyle come together to create lasting value for both residents and ownership.”

 

PEG completed the full management transition in just 30 days, implementing key systems, launching tailored marketing efforts, and assembling an experienced on-site team. SolHavn stands as a prime example of how forward-thinking design and hospitality-inspired operations can work together to create a community where people can thrive.

 

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About PEG
Founded in 2003, PEG is a leading vertically integrated owner, developer, and operator of residential and hospitality assets in the U.S. and Canada with a focus on the Rocky Mountain region. Initially best known for its creative and well-executed real estate developments, PEG’s unwavering discipline has propelled the firm to approximately $2 billion in AUM and 12.3 million square feet developed (as of September 30, 2024). PEG’s vertically integrated team of 1,100-plus professionals across North America helps to inform strategic investment decisions with real-time data, operate with maximum efficiency, and drive superior returns for PEG’s investors. For more information, visit www.pegcompanies.com.
About The Ritchie Group
The Ritchie Group (TRG) is a second-generation company based in Salt Lake City, Utah, with a strategic focus on real estate development. TRG specializes in multifamily, self-storage, industrial, and hospitality assets. Its portfolio includes more than $2 billion in completed and active developments, comprising thousands of multifamily units and hotel keys and millions of square feet of industrial space.
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Strategic Partnership Brings PEG’s Signature Management Style to The Ritchie Group’s Innovative SolHavn Apartments

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