February 10, 2015
PROVO, Utah (Feb. 10, 2015) – Peak Capital Partners, a Utah-based apartment investment and management company, today announced it acquired two apartment communities in Michigan: Pebble Creek and Traditions of Holland.

Both communities were purchased from private owners. Financial terms of the transactions were not disclosed.

“This represents the first two apartment communities to be acquired by Peak in Michigan,” said Chris Manning, managing director at Peak Capital Partners. “Michigan is a rising economic star with growing per-capita GDP, per-capita personal income and new employment opportunities. We are committed to adding to our Michigan portfolio.”

Pebble Creek is a 256-unit apartment community located in Southfield, Mich., a commercial and business center for the nearby metropolitan Detroit area. Traditions of Holland, in Holland, Mich., includes 120 townhome units. Each community offers one- two- and three-bedroom floor plans. Peak plans to resurface the parking areas of both communities.

The location of each community offers convenient access to restaurants, shopping, employment centers 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, Peak Capital Partners owns 80 apartment communities in 17 states housing 14,000 families. Visit www.peakcapitalpartners.com.

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Press Contacts

Jeff Danley
jd@peakcapitalpartners.com

Dave Anderton
dave@daveanderton.com