Portfolio
Summit's Portfolio
OUR PROPERTIES
Current Portfolio
Mozzo
Location: Indianapolis, IN
Acquired: December 2022
Unit Count: 65
Cottages of Sanders Glen
Location: Westfield, IN
Acquired: October 2022
Unit Count: 27
Mezz 42
Location: Carmel, IN
Acquired: August 2022
Unit Count: 42
Reserve at Madison Flatts
Location: Lafayette, IN
Acquired: Construction – December 2024
Unit Count: 196
Pinnacle on Meridian
Location: Indianapolis, IN
Acquired: September 2022
Unit Count: 36
Coldwater Springs
Location: Los Angeles, CA
Acquired: June 2024
Unit Count: 13
Island Suites
Location: Tampa, FL
Acquired: May 2022
Unit Count: 12
*(short term rentals)
Tindall Park
Location: Charlotte, NC
Acquired: February 2022
Unit Count: 37
Mansion Row
Location: Indianapolis, IN
Acquired: June 2022
Unit Count: 63
Selwyn Flats
Location: Charlotte, NC
Acquired: December 2021
Unit Count: 129
Albany Station
Location: New Albany, OH
Acquired: October 2021
Unit Count: 24
The Win
Location: Indianapolis, IN
Acquired: December 2021
Unit Count: 24
Summerlake Meadows
Location: Pendleton, IN
Acquired: July 2021
Unit Count: 48
Eagle Chase
Location: Indianapolis, IN
Acquired: June 2021
Unit Count: 156
Marq
Location: Lafayette, IN
Acquired: October 2021
Unit Count: 99
Park Lane
Location: Carmel, IN
Acquired: December 2020
Unit Count: 48
40 West
Location: Columbus, OH
Acquired: December 2020
Unit Count: 16
Village Square
Location: Orchard, NY
Acquired: December 2020
Unit Count: 48
Maple Brooke & Hunt Club
Location: Buffalo, NY
Acquired: March 2020
Unit Count: 23
The Pointe Hilliard
Location: Hilliard, OH
Acquired: August 2019
Unit Count: 218
1040 Delaware
Location: Buffalo, NY
Acquired: December 2020
Unit Count: 49
Eagle Creek
Location: Indianapolis, IN
Acquired: August 2019
Unit Count: 188
Grand Reserve at Geist
Location: Indianapolis, IN
Acquired: February 2019
Unit Count: 146
Madison Flatts
Location: Lafayette, IN
Acquired: September 2018
Unit Count: 52
Cypress Square
Location: Lafayette, IN
Acquired: October 2024
Unit Count: 72
OUR PROPERTIES
Sold Properties
Millersport Gardens
Location: Getzville, NY
Acquired: May 2022
SOLD: April 2024
Unit Count: 24
Summit Pointe
Location: Greenwood, IN
Acquired: December 2017
SOLD: January 2024
Unit Count: 256
Elston Point
Location: Lafayette, IN
Acquired: October 2021
SOLD: November 2023
Unit Count: 99
Traditions at Slate Ridge
Location: Reynoldsburg, OH
Acquired: July 2019
SOLD: May 2023
Unit Count: 94
Auburn Place
Location: Greenwood, IN
Acquired: September 2018
SOLD: April 2022
Unit Count: 192
Summit at Lexington
Location: Lexington, KY
Acquired: July 2020
SOLD: November 2021
Unit Count: 243
Island Club
Location: Indianapolis, IN
Acquired: January 2017
SOLD: July 2021
Unit Count:
314
How We Created Value:
- Proactively managed asset to increase returns through unit upgrades and rent growth
Wildwood
Location: Hoover, AL
Acquired: December 2016
SOLD: February 2021
Unit Count:
88
How We Created Value:
- Proactively manage asset to increase returns through unit upgrades and rent growth
Summit at Keystone
Location: Indianapolis, IN
Acquired: March 2017
SOLD: August 2021
Unit Count: 455
How We Created Value:
- Proactively managed asset to increase returns through unit upgrades and rent growth
Cambridge Court
Location: Huntsville, AL
Acquired: September 2016
SOLD: December 2020
Unit Count:
69
How We Created Value:
- Continued previous owner's unit rehabilitation program, delivering more than 20% return on capital expenditures and actively managed asset to increase returns
Elevation Homewood
Location: Homewood, AL
Acquired: December 2015
SOLD: 2020
Unit Count:
198
How We Created Value:
- New model unit
- New clubhouse interior/exterior
- Upgraded fitness center
- Landscape redesign
- New exterior paint on resident buildings
- Redesign laundry area for residents
- New exterior lights
- New granite in resident units
- New seal and stripe on parking lot
- Pool area redesign
Elevation Hoover
Location: Hoover, AL
Acquired: December 2015
SOLD: 2020
Unit Count:
241
How We Created Value:
- Refreshed clubhouse interior
- Upgraded fitness center
- Developed play area
- Constructed grill/entertainment area
- Revamped dog park
- Landscape redesign
Elevation Vestavia
Location: Hoover, AL
Acquired: December 2015
SOLD: 2020
Unit Count: 241
How We Created Value:
- Refreshed clubhouse interior
- Upgraded fitness center
- Developed play area
- Constructed grill/entertainment area
- Revamped dog park
- Landscape redesign
Autumn Chase
Location: Goodlettsville, TN
Acquired: September 2016
SOLD: November 2019
Unit Count:
60
How We Created Value:
- Actively managed previously under managed asset to increase returns through water conservation, rent optimization, etc.
Cliffs at Rocky Ridge
Location: Hoover, AL
Acquired: December 2015
SOLD: 2019
Unit Count:
323
How We Created Value:
- New model unit
- Clubhouse facelift
- Laundry room redesign
- Landscape redesign
- Dog park redesign
- Transformed unused tennis area into play/entertaining area
- Safety upgrades
- New signage
- New seal and stripe on parking lot
Paseo del Sol
Location: Tucson, AZ
Acquired: August 2014
SOLD: November 2018
Unit Count:
152
How We Created Value:
- Installed new roofs
- Performed electrical panel upgrades throughout property
- Water conservation through the installation of low-flow toilets and shower head aerators
- Resurfaced pool deck
- Installed new pool fence
- Remodeled leasing office
- Privacy fencing for units
Oak Tree Park
Location: Albuquerque, NM
Acquired: July 2015
SOLD: December 2017
Unit Count:
320
How We Created Value:
- Converted underutilized racquetball court into a fitness room
- Installed security gates
- Water conservation: installed low-flow toilets and shower head aerators
Carrington Ridge
Location: Nashville, TN
Acquired: July 2014
SOLD: September 2017
Unit Count:
152
How We Created Value:
- Installed new roofs
- Performed extensive crawl space and foundation repairs/upgrades
- Installed playground
- Installed dog park
- Water conservation through the installation of low-flow toilets and shower head aerators
Canterchase
Location: Nashville, TN
Acquired: February 2014
SOLD: September 2017
Unit Count:
253
How We Created Value:
- Repainted
- Replaced siding
- Resurfaced parking lot
- Installed playground
- Installed dog park
- Installed mail center
- Installing new signage
- Water conservation through the installation of low-flow toilets and shower head aerators
Raintree Apartments
Location: Tucson, AZ
Acquired: March 2013
SOLD: 2017
Unit Count:
364
How We Created Value:
- Installed foam roofs on flat portion
- Repaired/replaced some Spanish tile roofs
- Upgraded fitness center
- Revamped pool
- Water conservation through the installation of a satellite-connected sprinkler system
- Full repaint
- Parking lot resurfacing
Palomino Crossing
Location: Tucson, AZ
Acquired: December 2012
Sold: 2016
Unit Count: 240
How We Created Value:
- Converted portion of parking lot into synthetic turf soccer field
- Installed dog park
- Resurfaced spa
- Water conservation through the installation of low-flow toilets and aerated shower heads
Fountain Oaks
Location: Phoenix, AZ
Acquired: September 2011
SOLD: 2015
Unit Count:
224
How We Created Value:
- Deck and pool resurfaced
- Playground installed
- New roofs
- Landscaping upgrades
- Signage upgrades
- Installed security gates
- Remodeled leasing office
Autumn Ridge
Location: Phoenix, AZ
Acquired: September 2010
SOLD: 2014
Unit Count:
672
How We Created Value:
- Replaced dilapidated tennis courts with: new soccer field, basketball courts, two dog parks and a covered playground area
- Installed new foam roofs
- Resurfaced pools
- Repaired parking lot
Aventerra at Dobson Ranch
Location: Mesa, AZ
Acquired: October 2011
SOLD: October 2013
Unit Count:
672
How We Created Value:
- Converted two tennis courts into full-court basketball
- Installed soccer field/picnic area
- Water conservation through the installation of water-saving landscaping
- Resurfaced pool
- Upgraded fitness center
Casa Carranza
Location: Mesa AZ
Acquired: May 2012
SOLD: July 2013
Unit Count:
272
How We Created Value:
- Energy conservation with $1.5MM solar project that doubled as covered parking (the largest multifamily solar project in AZ at the time)
- Water conservation through the installation of a satellite-connected sprinkler system
- Resurfaced pools
- Converted three dilapidated tennis courts into a playground, dog park, soccer field, and basketball court
- Resurfaced parking lot
- Replaced a portion of the roofs
The Brittany
Location: Mesa, AZ
Acquired: January 2009
SOLD: November 2011
Unit Count:
92
How We Created Value:
- Installed new roofs
- Repainted exterior
- Resurfaced pool
- Installed security system
- Installed new boiler system
- Replaced parking lot
- Installed new chiller
Spring Forest at Deerfield
Location: Raleigh, NC
Acquired: July 2020
SOLD: September 2024
Unit Count: 192
Reserve at Drakes Creek
Location: Hendersonville, TN
Acquired: November 2017
SOLD:
July 2024
Unit Count: 168
Carmel Village Green
Location: Carmel, IN
Acquired: December 2020
SOLD: August 2024
Unit Count: 24
Bailey Park of Brownsburg
Location: Brownsburg, IN
Acquired: February 2018
SOLD: October 2024
Unit Count: 66
Summit at Hillcrest
Location: Mobile, AL
Acquired: August 2017
SOLD: October 2024
Unit Count: 104
Jamestown
Location: Nashville, TN
Acquired: January 2014
SOLD: November 2024
Unit Count:
101
How We Created Value:
- Water Conservation through the installation of low-flow toilets and shower head aerators
