PROVO, UT - Peak Capital Partners, a Utah-based apartment investment and management company, today announced it acquired Waterbridge Apartments, a 280-unit apartment community in Orlando, Fla. Financial terms of the transaction were not disclosed.
“Peak will continue upgrades to Waterbridge that were started by the previous owner,” said Chris Manning, managing director at Peak. “This is Peak’s first apartment community in Florida. We will be acquiring more apartment communities in the area going forward.”
Upgrades include new flooring, cabinet hardware, lighting fixtures and new microwave ovens. Built in 1999, Waterbridge is 98 percent occupied and offers town-house style apartment living and other traditional options to families and individuals in South Orlando.
The community is located at 11200 Isle of Waterbridge and has many amenities including a clubhouse, on-site car wash and vacuum station. School-aged children can participate for free in the community’s Monster Club after school program that includes a computer lab and educational and fun activities.
Waterbridge is within easy access to restaurants, schools, entertainment, shopping, major interstates and is just minutes from major theme park attractions. For more information visit: www.waterbridgeapts.com
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 19 states housing 14,000 families. Visit www.peakcapitalpartners.com