July 14, 2015

PROVO, Utah (July 14, 2015) – Peak Capital Partners, a Utah-based apartment investment and management company, today announced it acquired Oakbrook Terrace and Cottages of Topeka. Both apartment communities are located in Topeka, Kan.

“We believe in the stability of the Topeka market and the economic strength Kansas offers,” said Nathan Nelson, Peak’s vice president of acquisitions. “With these acquisitions, Peak now owns five apartment communities in Kansas. We are eager to provide affordable and senior housing options to the people of Kansas.”

Peak recently made improvements to Oakbrook Terrace including the resurfacing of the community’s parking lot and new landscaping. Oakbrook Terrace offers several amenities including a fitness center, swimming pool, playground, and is close to schools and major freeways.

The Cottages Of Topeka, located at 620 NW Lyman Road, was developed with federal housing financing. The property utilizes the Low Income Housing Tax Credit (LIHTC) federal housing program to make rent affordable to lower income senior citizens. The community offers 72 units and features a clubhouse, garage and storage options, laundry facilities, and shuttles to local grocery stores.

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

Nathan Nelson
nathan@peakcapitalpartners.com

Dave Anderton
dave@daveanderton.com