DALLAS-Peak Capital Partners has bought two apartment communities in the Dallas area for an undisclosed price. The Utah-based investor acquired Brookfield Apartments, a 232-unit complex at 4060 Preferred Road, and Pace's Cove Apartments, a 328-unit property at 13100 Pandora Drive, from Landmark Residential.
Brookfield Apartments, located in southwest Dallas, and Pace's Cove Apartments, located in northeast Dallas, were more than 95% occupied. This is the first acquisition for Peak Capital Partners in Texas. Institutional Property Advisors from Marcus & Millichap brokered the sale. For the full story, go to Dallas Morning News .
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