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Boulder Peak Capital acquired The District at Highland Village on April 1st and will implement a comprehensive overhaul of the property’s exterior façade, landscaping, and bring the interior components up to a new standard. The property was originally built in phases beginning in 2010 and completed in 2018.
“This was a great opportunity for us to grow the portfolio with a Class-AA property in one of the most affluent and desirable submarkets throughout DFW. The property is the largest apartment community in Highland Village and is the only mixed-use property offering residential living, office space, and retail within one walkable community. The developer did an outstanding job completing the project and we’re excited to bring some personality to the property with a fresh exterior look, new signage, and full rebranding. We will also spend a considerable amount of energy collaborating with the tenants in order to help bring traffic and awareness to our properties while supporting and creating a fun spot for the community.” Said Zack Montana, Managing Partner at Boulder Peak.
The District At Highland Village contains luxury 1, 2, and 3-bedroom apartments, two-story townhomes, and 70,000 square feet of commercial space. The property is located at the corner of FM 407 (Justin Rd.) and Briarhill Blvd, and feeds into top rated Heritage Elementary, Briarhill Middle School, and Marcus High School. “This is one of the nicest assets in the area and has a ton of onsite and local amenities that will only get better as we work to create a vibrant and thriving atmosphere.” According to Montana, “we have engaged one of the best landlord representative firms in the state, Shop Company, to bring in commercial tenants that fill the desired needs of the property, and we will work with City Gate Property Group to handle property management. City Gate is a current management partner of ours and they do an outstanding job of taking care of our residents and in working with the community to create a fun place people want to be.”
Boulder Peak will complete the exterior and signage improvements within the coming months and will host a major relaunch event this summer.
Contact:
Zack Montana
817-235-2463
Zmontana@boulderpeakcapital.com
About Boulder Peak Capital
Boulder Peak Capital, a Dallas based real estate private equity company, is a boutique investment firm focused on the acquisition, reposition, and operation of commercial real estate assets throughout Texas. Boulder Peak was founded in 2017 to leverage the executive teams institutional expertise and extensive network in order to bring quality investment opportunities to its partners. The team aims at delivering attractive risk and tax-adjusted returns to investors through acquiring top-tier assets in class “A” locations while maintaining a customer first mentality with regards to its residential and commercial tenants. From 2018 through 2021, Boulder Peak has grown the portfolio by over 400% and is actively seeking new acquisition opportunities.
