Boulder Peak Capital acquired The Village at Reatta Ridge and will implement several improvement plans aimed at maximizing the luxury experience for residents. The community was built in 2020 and contains a favorable mix of large one (1), two (2) and three (3) bedroom units, many with individual attached garage space.
The property was acquired in December as part of another joint venture with Argosy Real Estate Partners, an institutional real estate investment firm with $1.7 billion of gross assets and equity commitments under management. Verus Commercial acted as the intermediary facilitating the off-market transaction.
“This was a great opportunity for us to grow the portfolio with another Class-A trophy quality asset in an affluent and rapidly expanding submarket of DFW. The developer did an outstanding job building the project and we look forward to creating its personality with a fresh exterior look, new signage, and full rebranding.” Said Zack Montana, Managing Partner at Boulder Peak.
The property is located at the corner of FM 156 and John Wiley Road, and feeds into top rated Northwest Independent School District. The immediate area has a significant amount of ongoing and future development with master planned single-family communities, retail and restaurant space, and the proposed Justin Towne Center project. “We are very excited to be a part of this growth and to work with the local community,” Montana said. About Boulder Peak Capital:
Boulder Peak Capital, a Dallas based 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 team’s institutional expertise and extensive network in order to bring quality investment opportunities to its partners and create desirable communities for its residents. The team aims at delivering attractive returns to investors while maintaining a customer first mentality with regards to its residential and commercial tenants. From 2018 through 2021, Boulder Peak has grown the portfolio value by over 1,200% and is actively seeking new acquisition opportunities.
