September 16, 2015

Peak Capital Partners, a Utah-based apartment investment and management company, has acquired Don Dawson Court and Henderson Manor apartment communities in Henderson.

Each property has 60 units with one-bedroom, one-bath floor plans. The communities also use the Low Income Housing Tax Credit federal housing program in an effort to make rent affordable to lower income senior citizens.

“Henderson is an especially attractive community for retirees due to its tax climate and low crime rate,” Chris Manning, a managing director at Peak, said in a statement. “The abundance of outdoor activities is another appealing element of Henderson. With these acquisitions, Peak now owns six apartment communities in Nevada.”

The price was not disclosed.

Since its inception in 2007, Peak Capital Partners and its affiliates own and manage 90 conventional, affordable, and student apartment communities in 15 states.

Original Article