PROVO, UT - Peak Capital Partners, a Utah-based apartment investment and management company, today announced it acquired Hawk Ridge Apartment Homes in Winston-Salem, N.C.
The community was purchased from a private owner. Financial terms of the transaction were not disclosed.
“Hawk Ridge is the fourth apartment community Peak has acquired in North Carolina and first in the Triad,” said Jamie Dunn, founder and managing partner of Peak Capital Partners. “The area’s booming technology and financial services sectors make Winston-Salem an attractive city for investment. Peak has a long term commitment to ongoing investments throughout the state of North Carolina.”
Built in 1998, Hawk Ridge is a 168-unit apartment community. Peak plans to make exterior and interior improvements to the community that will include new appliances, plumbing, lighting fixtures, countertops, cabinet hardware and blinds. The community’s dog park will be upgraded. New amenities to be added include a gathering place complete with a fire pit. The community’s front doors will be refinished.
Hawk Ridge is located at 400 Hawk Ridge Drive Winston-Salem, and offers a resort-style pool and 24-hour fitness center. Tenants can choose from five different floor plans ranging from studios to three-bedroom unit apartments. The location offers easy access to restaurants, shopping, major interstates and schools and universities.
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.