JERSEY CITY, N.J. (AP/CBS4) — A Navy SEAL who fell to his death when his parachute failed to open during a Fleet Week demonstration over the Hudson River has been identified as a 27-year-old Colorado man.

The accident that killed Remington J. Peters, from Grand Junction, occurred Sunday at Liberty State Park, a large New Jersey park across from Manhattan where people catch ferries to see the Statue of Liberty.

READ MORE: Boulder, Fox And Aggie Theaters Ask For Proof Of COVID Vaccine Or Negative COVID Test

Remington J. Peters (credit: US Navy)

Peters, whose identity was revealed late Monday, was a member of an elite Navy parachute team called the Leap Frogs. He was a role model who will be “painfully missed,” his family said in a statement released by the U.S. Navy.

Remington J. Peters (credit: US Navy)

“He was an angel on Earth and role model to all,” the statement said. “We couldn’t have been more proud of him. He lived life to the fullest and taught us to do the same.”

The cause of the parachute malfunction that killed Peters is under investigation.

READ MORE: Debris Flow Onto I-70 Was So Powerful, It Diverted The Flow Of The Colorado River

Remington J. Peters (credit: US Navy)

Peters was among four parachutists who drifted down from two helicopters. The Navy said he was pulled from the water by the U.S. Coast Guard. His parachute landed in a parking lot.

Remington J. Peters (credit: US Navy)

The Navy Region Mid-Atlantic commander, Rear Adm. Jack Scorby, asked for prayers “for the Navy SEAL community.”

Peters graduated Grand Junction High School in 2008.

MORE NEWS: Alex Ewing Murder Trial: Jury To Resume Deliberations After Telling Judge They Reached 'Impasse'

(© Copyright 2017 CBS Broadcasting Inc. All Rights Reserved. The Associated Press contributed to this report.)