Summit Communities just welcomed its newest property to the portfolio in May of 2021, Arboreta Apartments. This 268 unit, partially renovated property was acquired for $69.5M. The purchase was detailed in the Denver Business Journal in the article “Aurora apartments sell for $69.5M after renovations” by Kate Tracy. Tracy makes note that the previous management company has originally purchased Arboreta apartments for $46M.

Highland Way Apartments is still an ongoing project for Summit Communities with its renovations continuing onward. On top of the standard renovations that are taking place inside of the units, such as the in-unit laundry, stainless steel appliances, and updated flooring; Highland Way has been working on improving the outward look of the property with new paint and fresh landscaping.

Willowbrook Apartments had many long-standing residents that had been living around the same people for many years, and upon sale of the community, many of those residents had remained at the apartments with brand new renovations to enjoy. With the options of transferring available to the current residents, Summit was able to keep the community whole while giving it a much needed update.