January 12, 2016
PROVO, Utah (Jan. 12, 2016) – Peak Capital Partners, a Utah-based apartment investment and management company, today announced it recently acquired Meridian Point, an 80-unit apartment community in Uniontown, Pa.
“Meridian Point is a well-maintained community for senior citizens 55 years and older,” said Chris Manning, a managing director at Peak. “The community is located 45 miles south of Pittsburgh and offers many amenities including a library, community center, and exercise room.”
Peak is improving the community by dramatically reducing water usage by replacing all existing three- or five-gallon-per-flush toilets with ultra low flow 0.8-gallon-per-flush toilets. Showerheads and aerators will be replaced with low-flow equipment. Peak will also be converting to LED light fixtures, which will lower energy usage at the property.
The community was developed with the Low Income Housing Tax Credit (LIHTC) federal housing program, making rent affordable to lower-income households. The property offers spacious one- and two-bedroom units.
Meridian Point is conveniently located near major interstates, employers, restaurants, shopping and parks.
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