Summit Management Services, Inc. Purchases Summerwind Apartments a 180-unit Multi-housing Community in Garner, North Carolina

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Raleigh, NC (January 2019) – Ohio developers Edward and Herbert Newman and their partners today announced the purchase of Summerwind Apartments in Garner, North Carolina, a suburb of Raleigh. Summerwind Apartments was constructed in 2017 and is a class-A 180 unit apartment community located proximate to Interstate 40, with easy access to local retail shopping and restaurants, and 20 minutes from downtown Raleigh.

Summerwind Apartments features one-, two- and three-bedroom luxury apartment homes with stainless steel appliances, designer flooring, spacious closets and island kitchens. The property offers upscale amenities including a wellness center with children’s area, outdoor pool, bark park, and detached garages.

“This property is a strategic acquisition as we continue to expand our footprint across North Carolina,” stated Amit Pollachek, Chief Executive Officer. “Our other North Carolina properties have been some of the most successful ventures to date. We’re excited to add this asset and continuing to provide value and a high NOI to our partners.”

The property was purchased for $30.5 million. Other Summit Management Services, Inc. (SMSI) transactions in North Carolina include The Estate at Legends (purchased in 2012), Waterlynn Ridge Apartments (Purchased in 2012, Sold in 2016), Riverwalk Apartment Homes (purchased in 2013), The Fountains at Mooresville Apartments (purchased in 2013, Sold in 2018) and Riverwalk2 Apartment Homes (Developed in 2018).  In total, SMSI owns and manage over 4,000 market, student and affordable units across Colorado, Ohio, and North Carolina, both for its own portfolio as well as for 3rd parties.

For additional information please visit https://www.livesummerwind.com/or contact: Mr. Elan Krueger, VP Business Development, Summit Management Services, 730 W. Market Street, Akron, OH 44303, (330) 762-4011, ekrueger@summitmanagementservices.net

International Women’s Day 2018

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For over a century, International Women’s Day, observed on March 8, has served to celebrate the achievements of women across nations and their laudable contributions in all walks of life.

We are fortunate to work with many skilled and innovative professionals throughout Summit Management whose singular task is to combine sound property management and people skills with immense knowledge in their areas of responsibility  — providing superior delivery of service to residents and value for our investors.  Our success is in large measure due to the significant influence of the talented women within our company.

Summit Management applauds and honors the contribution that women make to each of our workplaces AND in their communities.

Shown below is founder Herb Newman at a dinner he initiated in recognition of the hard working women of Summit Management’s corporate office.  From left to right: Missy Shipley, Accounting Specialist & Payroll/Benefits Coordinator; Tina Lawrence, Manager of Occupancy & Placement; Herb Newman; Maggie Vance, Business Manager; Deborah Jose, Operations Coordinator; and, Jeannie Horonetz, Accounting Coordinator.

Hard working women of SMSI