September 29, 2015

PROVO, Utah (Sept. 29, 2015) – Peak Capital Partners, a Utah-based apartment investment and management company, today announced it has completed improvements on Banbridge, a 128-unit apartment community in Sparks, Nev. Banbridge was acquired by Peak in November 2014.

Recent improvements to the property included: new siding, updated painting, new concrete stairwells, and new parking lot asphalt.

“Rapid job growth in Sparks has and will continue to bring more amenities to the city,” said Chris Manning, a managing director at Peak. “Tesla’s construction of its $5 billion Gigafactory is driving this growth, and when operational in 2017, the plant will employ thousands of people.”

Banbridge is located near various attractions including downtown’s Victorian Square, Hometown Farmers Market, and is a five-minute drive from the Sparks Marina Park. The 81-acre park features a 77-acre lake with access to swimming, boating, fishing, scuba diving, picnicking, wind surfing, a two-mile walking path, dog park, volleyball courts, playgrounds, and picturesque views of the Sierra Nevada Mountains and Truckee Meadows. On the east side of the marina sits the 148-acre Legends at Sparks Marina Outlet Mall, which features 1.3 million square feet of retail, outlet stores, dining and entertainment options.

Banbridge is conveniently located three miles east of Reno and offers one-, and two-bedroom units. The community utilizes the Low Income Housing Tax Credit (LIHTC) federal housing program to make rent affordable to lower income households. Amenities include a clubhouse with complimentary Wi-Fi, fitness center, BBQ and picnic areas, covered parking, and park-like grounds and landscaping.

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