Summit Realty Group, Inc. (SRG) is the parent company of Summit Real Estate Management, Inc., and Summit Development, Inc. SRG differs from its subsidiary companies in that it concentrates on the acquisition of real estate investments, primarily existing apartments, and development and construction of new apartments, redevelopment of property for condominium conversion, and revitalization of existing properties to bring a new economic life to the asset.
The tasks are led by Michael McKenna, its President, and a team consisting of management, construction specialists, administrative support personnel, and project managers. The team varies in its make-up and SRG will bring in outside sources to augment its Team as each project warrants. The Summit accounting department provides services for each investment property.
The projects completed by SRG include acquisition of existing properties, or new construction of apartments where SRG acquires the land, generates the design and approvals, arranges equity and financing, either hires the construction support or employs a contractor, monitors the development, and assumes the management via its subsidiary, Summit Real Estate Management, and manages the Ownership as its asset manager, or Managing Member. SRG is also involved in apartment conversions to condominiums, and handles all of the tasks that are required to bring the asset to a successful sales conclusion. The track record is excellent.
SRG has associations with the legal, construction, real estate sales companies and individuals; as well as the experience to assemble the right Team for the project at hand, so that the best talent is brought to bear on the project, thus insuring the best results.