May 9,2015

NORMAN — Peak Capital Partners in Provo, Utah, has acquired Senior Cottages of Norman, 2901 Oak Tree Ave., from Highridge Costa Investors LLC. County records show the sale price for the 84-unit property was $3.1 million. The new owner said it will make interior improvements by adding LED lighting and installing low-flow sink faucets, showerheads and toilets. It was Peak Capital’s third multifamily acquisition in Oklahoma. The company bought 204-unit Emerald Greens Apartments at 2815 Dewey Ave. in Norman in May 2013, and Chapel Ridge Apartments at 130 E 45 St. in Shawnee in October, 2013.

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