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January 23, 2014

Utah group buys Vancouver apartments

Peak Capital Partners, a Provo, Utah-based multifamily investment company, bought The Villas at Bridge Creek, 103 low income apartments at 2011 Brandt Road in Vancouver. Terms were not disclosed. The seller is a partnership between Insite Housing Partners of Seattle and Hearthstone Housing Foundation of Newport Beach, Calif. The building is 96 percent full. Peak Capital plans an exterior renovation. It owns 30 apartment buildings valued at more than $500 million.




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