July 21, 2015

PROVO, Utah (July 21, 2015) – Peak Capital Partners, a Utah-based apartment investment and management company, today announced it acquired Covenant Crossing, a 110-unit apartment community in Nashville, Tenn.

“Nashville’s economy is one of the fastest growing in the country,” said Jamie Dunn, founder and managing partner. “We now have five properties in the greater Nashville area and we anticipate acquiring more.”

Covenant Crossing was built in 1969 and includes one- and two-bedroom units. The previous owner made significant improvements to the property. Peak is planning to modernize the apartments by upgrading the appliances, cabinet doors, countertops, and the lighting. Peak also plans to add new exterior LED lighting, and the introduction of high efficiency toilets, faucets and showerheads to conserve water.

In addition, a fire prevention device (known as Fire Avert) will be installed on every stove in each unit. The device represents a significant safety feature for residents since the No. 1 cause of house fires is food left unattended on a stove. Fire Avert automatically turns off a stove when a smoke alarm is activated. Visit www.fireavert.com.

Located near the trendy, Berry Hill area of Nashville, Covenant Crossing offers many amenities including a pool, clubhouse, picnic area and fitness center. Covenant Crossing is located within three miles of major retail and employment drivers like the One Hundred Oaks Mall, Vanderbilt Health, Walmart, Staples, and Home Depot. The property also is located within a mile of a Kroger grocery and onramps to I-24 and I-440, major thoroughfares into downtown Nashville, only seven miles away.

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

Jamie Dunn
jdunn@peakcapitalpartners.com

Dave Anderton
dave@daveanderton.com