Jim Sorenson

Stories

Foreclosed Granary District campus rebrands as Foundry43 under ACORE Capital

As of September 2026: Led fund that defaulted on Industry SLC loan

The Granary District campus that opened in 2020 as a celebrated adaptive-reuse project has a new name and a new owner. Foundry43 is controlled by ACORE Capital, the lender that foreclosed after Catalyst Opportunity Funds defaulted on a $97.3 million loan.

Updated Sep 24