June 24, 2015

PROVO, Utah (June 24, 2015) – Peak Capital Partners, a Utah-based apartment investment and management company, today announced it acquired Ventana de Vida, a 120-unit apartment community in Santa Fe, N.M. from California-based Steadfast Cos.

“This is the sixth property Peak has acquired in New Mexico,” said Jeff Danley, founder and managing partner. “Ventana de Vida is specifically designed for seniors and offers affordable rents.”

Ventana de Vida was built in 2002. Peak plans to make several improvements to the community including the addition of new exterior LED lighting, parking lot resurfacing, and the introduction of high efficiency toilets, faucets and shower heads 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. Fire Avert is owned by Peak Ventures, a sister company to Peak Capital Partners. Visit www.fireavert.com.

Ventana de Vida, located at 1500 Pacheco Street, offers other amenities including a senior center, a dining room with a lunch program for residents and the community, fitness center, puzzle and game room, garages and extra storage space. The community offers planned activities and field trips and has one- and two-bedroom floor plans conveniently accessible to restaurants 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

Jeff Danley
jd@peakcapitalpartners.com

Dave Anderton
dave@daveanderton.com