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PROVO – Peak Capital Partners, a residential multifamily investment company, recently acquired The Artisan, a 434-unit apartment community in Denver.
The community was purchased from Prime Residential. Financial terms of the transaction were not disclosed. The current occupancy rate of The Artisan is 97 percent.
“This is the third apartment community Peak Capital Partners has acquired in the Denver area and the sixth community in the state of Colorado,” said Jamie Dunn, founder and managing partner of Peak Capital Partners. “Our firm is actively looking to acquire multifamily communities across Colorado. This state represents an important growth market for our firm.”
Peak Capital Partners plans to invest millions of dollars in The Artisan as part of extensive capital improvements, including exterior and interior renovations that will include enhanced landscaping, siding repair and complete exterior painting, and extensive interior upgrades.
The Artisan offers one-, two- and three-bedroom unit apartments and is conveniently located near two light-rail stations.