September 11, 2015

PROVO, Utah (Sept. 11, 2015) – Peak Capital Partners, a Utah-based apartment investment and management company, today announced it acquired Lakeview, a 76-unit apartment community in Tooele, Utah.

“Demand for apartment living in Tooele and the greater Wasatch Front area is experiencing a boom,” said Jeff Danley, Peak CEO. “Vacancy rates remain below 5 percent along the Wasatch Front— the lowest level since 2007. Lakeview is Peak’s 14th apartment complex acquired in Utah.”

Lakeview is a 76-unit, garden style multi-family community built in 1999. The property has one-, two- and three-bedroom units. The community utilizes the Low Income Housing Tax Credit (LIHTC) federal housing program to make rent affordable to lower income households.

Lakeview is conveniently located within walking distance of major shopping centers, schools, several museums, a regional branch of Utah State University, and Miller Motorsports Park. The property has scenic views of the Oquirrh Mountain Range and is 33 miles southwest of Salt Lake City.

The community offers an on-site laundry facility as well as washer and dryer hook-ups in every unit, private patio balconies, covered parking, and park-like grounds and landscaping.

About Peak Capital Partners

Peak Capital Partners and its affiliates own and manage conventional, affordable, and student apartment communities in growth markets in the United States. Founded in 2007, the firm owns 90 apartment communities in 15 states housing 14,000 families. Visit peakcapitalpartners.com.

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Press Contacts

Jeff Danley
jd@peakcapitalpartners.com

Dave Anderton
dave@daveanderton.com