SMSI News

Summit Management Services, Inc. Completes Purchase of Azure Apartments, a 280-unit Multi-Family Community in Independence, Missouri

SMSI and its partners announce the purchase of Azure Apartments, in Independence, Missouri. Azure is a recently constructed Class A 280-unit apartment community.
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Summit Management Services, Inc. Purchases Ten West Apartments, a 264-unit Multi-Family Community in Greeley, Colorado

Ohio-based Summit Management Services, Inc. and its partners announced the purchase of Ten West Apartments in Greeley, Colorado, one of the fastest growing cities in the United States.
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Summit Self Storage Group Completes Acquisition of Self Storage Facility in Fort Collins, Colorado

Summit Self Storage Group, LLC, an affiliate of Summit Management Services, Inc. (SMSI), proudly announced the acquisition of a self storage facility located in Fort Collins, Colorado today. This transaction marks its second location in Northern Colorado and its fifth location nationwide, with one additional location currently in development.
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Summit Management Services, Inc. Purchases Incline 45 Apartments, a 270-unit Multi-Family Community in Denver, Colorado

Summit Management Services, Inc. and its partners announced today the purchase of Incline 45 Apartments in Denver, Colorado. It is a class-A 270-unit apartment community located in the DIA submarket of Denver, surrounded by master planned developments that will add more than 14 million square feet of class A office, industrial, retail and entertainment uses to the submarket.
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Summit Management Services, Inc. and Delphi Development announces opening of White Oak Grove Apartments.

Summit Management Services, Inc., an Akron, Ohio-based multifamily management company and Delphi Development, an Asheville, North Carolina-based multifamily development company today announced the opening of White Oak Grove Apartments, a new 113-unit workforce and affordable housing community in West Asheville, NC.
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Summit Self Storage Group Completes Acquisition of Self Storage Facility in Loveland, Colorado

Summit Self Storage Group, LLC, an affiliate of Summit Management Services, Inc. (SMSI), proudly announced the acquisition of a self storage facility located in Loveland, Colorado today. This transaction marks their 4th location nationwide and their first location in Colorado.
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Summit Management Services, Inc. Purchases Elements at Prairie Center Apartments

Summit Management Services, Inc. Purchases Elements at Prairie Center Apartments a 288-unit Multi-housing Community in Brighton, Colorado
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Summit Management Services, Inc. Purchases Summerwind Apartments

Summit Management Services, Inc. Purchases Summerwind Apartments a 180-unit Multi-housing Community in Garner, North Carolina
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New Construction | Riverwalk2 Scheduled to Open Summer 2018

SMSI is building a new, 144 unit apartment community, Riverwalk2.
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Summit Management Services, Inc. Purchases Summit Riverside

Summit Management Services, Inc. Purchases Summit Riverside, a 248-unit Multi-housing Community
in Littleton, Colorado
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East Coast Regional Headquarters

Summit Management Services, Inc. Opens East Coast Regional Headquarters
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Stonegate

Summit Management Services, Inc. Purchases Stonegate, a 350-unit Multi-housing Community in Broomfield, Colorado
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Summit’s Upcoming Project

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Summit Management Services, Inc. Partners with Communiqué

To Provide a Portfolio-Wide Communication Service to Student Residents
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Top 5

Denver, Fort Collins in top 5 on Forbes Best Places for Business List
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Ram’s Crossing

Summit Management Services, Inc. Purchases Ram’s Crossing Properties for $58M
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The HUD Whisperer

Written by Herb Newman
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The Fountains at Mooresville

Summit MultiCapital, LLC Acquires The Fountains at Mooresville Apartment Community
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CAM qualification

SMSI Management Staff Members Earn CAM qualification
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Beautification Watch Award

September 2013, Summit Management Services, Inc. (SMSI), receives the prestigious Beautification Watch Award that recognizes properties that enhance the city’s appearance. The award criteria recognizes businesses with well-maintained, attractive landscaping and are kept litter-free. The award is given by the Beautification Board of Keep Akron Beautiful, a nonprofit agency that has been in service for over 32 years.
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Western Regional Headquarters

Summit Management Services, Inc. Opens Western Regional Headquarters.
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Crain’s Cleveland Business

SMSI featured in Crain’s Cleveland Business.
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Refinancing

Mosteller Mansion Estates Apartments Refinancing.
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Purchasing

Summit MultiCapital, LLC Purchases Mosteller Mansion Estates.
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Voted Best

The Legends Apartment Homes Voted Best Apartment Community.
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Purchasing

Summit MultiCapital, LLC Purchases Waterlynn Ridge Apartment Community.
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Selling

SMSI announces the sale of Eastwood Village Apartments, Asheville, NC for $13,750,000.
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Herbert Newman added to Advisory Board

Herbert Newman has been appointed as an Advisory Board Member for U.S. Bank’s Middle Market Commercial Real Estate Group.

EnVision offers discount for good students

New GPA Discount Program at EnVision Apartments, The University of Akron.
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Acquiring

SMSI Acquires The Arbors at Sweetgrass, Fort Collins, CO.
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The Apartment Report

SMSI featured in the May issue of The Apartment Report.
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Refinancing

Landmark Apartments, Fort Collins, CO refinancing.
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Acquiring

SMSI acquires Stone Creek Apartments, Fort Collins, CO.
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EnVision Apartments

Completion of EnVision Apartments at The University of Akron, a new green-living community.
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Refinancing

Stone Creek Apartments, Fort Collins, CO is refinanced with an FHA 223(f) loan at a rate of 3.48% fixed for 35 years.
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