Boulder Peak Capital

What Boulder Peak Capital does

Boulder Peak Capital is a Texas-based commercial real estate investment firm founded in 2017 by Zack Montana, a former Goldman Sachs investment banker with experience in commercial real estate finance, underwriting, and securitization. The firm targets multifamily acquisitions, asset management, and construction oversight, with stated flexibility to pursue adjacent real estate disciplines. Its operating model emphasizes repositioning underperforming assets through rebranding, occupancy improvement, and rental rate optimization, then executing structured exits.

The firm's flagship case study is the April 2021 acquisition of The District of Highland Village, a mixed-use property containing 161 luxury apartment units and 75,565 square feet of retail and office space. Over an 11-month hold, Boulder Peak increased commercial occupancy from 62% to 93%, residential occupancy from 79% to 99%, and average rents by 33% (from $1,409 to $1,877 per unit). The firm subsequently implemented a condominium regime and sold the bifurcated components to navigate deteriorating debt markets.

Boulder Peak serves accredited and institutional investors via direct outreach and a JuniperSquare investor portal, generating revenue through acquisition fees, asset management fees, and carried interest on realized investments. The firm reports an average 59% net IRR and 2.11x net MOIC across $205.675 million of realized transactions. As of available data, the firm operates with 1-10 employees from Highland Village, Texas.

Name

Boulder Peak Capital

Legal name

Boulder Peak Capital LLC

Website

https://bpccre.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

1–10 employees

Short description

Boulder Peak Capital is a Texas-based commercial real estate investment firm founded in 2017 that acquires and repositions multifamily assets for accredited and institutional investors, generating returns through asset management fees and carried interest on exits.

Ownership category

akta.pro rank

Product category

Real Estate Investment Management

NAICS

Funds, Trusts, and Other Financial Vehicles (525), Portfolio Management and Investment Advice (523940)

SIC

Real Estate Dealers (For Their Own Account) (6532), Investment Advice (6282)

akta.pro primary industry

Real Estate Funds — Core-Plus (FSANAEAG)

akta.pro secondary industry

Core Real Estate (Stabilized/Core-Plus) (FSAAAKAA)

Keywords

• Multifamily acquisitions
• Real estate investment
• Asset management
• Commercial real estate
• Private equity real estate

Headquarters

HQ city

Lewisville

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D

Revenue model

1. Asset Management and Investment Returns: Boulder Peak Capital generates revenue through real estate investment management including acquisition fees, asset management fees, and performance-based returns (carried interest) from successful property repositioning and sale. The firm focuses on multifamily acquisitions, implementing business plans to increase occupancy and rental rates, then exiting investments to generate returns for investors.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Boulder Peak Capital is a Texas-based commercial real estate investment platform that identifies, acquires, and repositions multifamily and mixed-use properties on behalf of accredited and institutional investors. The firm provides end-to-end investment services including acquisition sourcing, asset and property management, construction oversight, and exit execution, with the goal of generating long-term wealth through institutional-quality real estate access delivered at a boutique-firm level.

Product overview

Boulder Peak Capital (BPC) operates a single unified commercial real estate investment platform focused on multifamily acquisitions and management. The company primarily generates returns through direct property investments, with its flagship case study being The District of Highland Village—a mixed-use asset featuring two sub-branded components: Bowery Park (commercial retail/office) and Montana Apartments at Bowery Park (luxury residential). The platform is designed to bring institutional ideals directly to investors, combining sophisticated investment strategies with hands-on asset management.

Differentiator

Problem solved

Functional benefit

Products and services

• Boulder Peak Capital (BPC) Investment Platform A Texas-based commercial real estate investment platform that sources, acquires, and manages multifamily and mixed-use real estate on behalf of accredited and institutional investors. The platform combines institutional-grade investment discipline with boutique private equity approachability and provides investors with access via a dedicated JuniperSquare investor portal.
• The District of Highland Village (Bowery Park and Montana Apartments) A mixed-use property investment consisting of 161 luxury apartment units and 75,565 square feet of retail and office space located in Highland Village, TX. Acquired by BPC in April 2021 and repositioned into two sub-brands (Bowery Park for commercial; Montana Apartments at Bowery Park for residential), with commercial occupancy increased from 62% to 93%, residential occupancy from 79% to 99%, and average rents increased by 33% from $1,409/unit to $1,877/unit. A condominium regime was implemented and the asset was successfully sold within 11 months of acquisition.

Quantifiable outcome

• 59% average Net IRR to investors across realized investments
• +4 more outcomes

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core and minor.

• CBREcoreStrategic or Co-development PartnerPaul Armour spent time at CBRE during his 30+ year commercial real estate career, contributing to his deep industry expertise and relationships that benefit Boulder Peak Capital's investment operations.
• L.J. Melody & Co.minorStrategic or Co-development PartnerPaul Armour spent time at L.J. Melody & Co. where he built out a mezz fund platform and worked in the mortgage brokerage business, contributing industry expertise to Boulder Peak Capital.

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

Emerging players

• BH Equities: BH Equities is a Texas-based multifamily investment firm focused on value-add acquisitions in the Dallas-Fort Worth region. Directly comparable geographic and asset-class focus to BPC at similar boutique scale.
• Verde Capital Group: Verde Capital Group is a smaller multifamily investment manager operating in Texas Sun Belt markets with value-add repositioning strategies. Comparable emerging boutique peer with similar geographic and asset class focus to BPC.

Broad incumbents

• JLL (Jones Lang LaSalle) Investment Management: JLL Investment Management is a global institutional real estate investment manager offering multifamily and mixed-use strategies. Comparable in deploying institutional capital into real estate, though at vastly larger scale and broader mandate than BPC's boutique multifamily focus.
• Bridge Investment Group: Bridge Investment Group is a large diversified real estate investment manager with a significant multifamily value-add vertical. Comparable business model (multifamily value-add fund manager) though materially larger AUM and broader product range than BPC.

Direct peers

• The Bascom Group: The Bascom Group is a vertically integrated multifamily value-add operator and fund manager active in secondary and tertiary markets. Comparable to BPC in value-add repositioning, value-oriented acquisitions, and institutional-quality execution at boutique scale.
• Passco Companies: Passco Companies is a private real estate investment firm specializing in multifamily and commercial value-add acquisitions with discretionary commingled funds. Directly comparable to BPC in target asset class, value-add repositioning strategy, and pooled investor capital deployment.
• Crow Holdings Capital: Crow Holdings Capital is a Dallas-based real estate investment manager with deep multifamily and mixed-use experience across the Sun Belt. Closely comparable to BPC in Texas operating base, multifamily focus, and institutional pedigree.
• Westmount Realty Capital: Westmount Realty Capital is a boutique real estate investment manager focused on multifamily value-add acquisitions with regional concentration in the Sun Belt. Highly comparable to BPC in target markets, asset class, and boutique institutional positioning.
• Harbor Group International: Harbor Group International is a real estate investment and management firm with a significant multifamily value-add and core-plus focus. Directly comparable to BPC in multifamily acquisition strategy and pooled investor capital structure, though at materially larger AUM.

Others

• Juniper Square: Juniper Square is the investor portal and fund operations platform that BPC uses to communicate with LPs. Included as an ecosystem enabler rather than a competing peer, illustrating the operating infrastructure common to boutique real estate fund managers of BPC's profile.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/boulder-peak-capital-llc

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Boulder Peak Capital