October 20, 2015

PROVO, Utah (Oct. 20, 2015) – Peak Capital Partners, a Utah-based apartment investment and management company, today announced it acquired Sundance Pointe, a 288-unit apartment community in Jacksonville, Fla.

“Sundance Pointe is a beautiful waterfront community located directly on the St. John’s River,” said Chris Manning, a managing director at Peak. “It is conveniently located near several major employers and is just eight miles from downtown Jacksonville, Fla.”

The community was built in 2001. 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.

Jacksonville is the largest city in Florida and is the 15th fastest growing metro area, according to the U.S. Census Bureau. The city is home to the University of North Florida and is a leading transportation and distribution hub. The city also has a large and diverse manufacturing base.

Sundance Pointe is conveniently located close to shopping centers, entertainment, schools, healthcare facilities and major interstates.

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

Chris Manning
cmanning@peakcapitalpartners.com

Dave Anderton
dave@daveanderton.com