What Summit Properties does

Summit Properties is a privately held, vertically integrated real estate owner, developer, and property manager headquartered in South Burlington, Vermont. Founded in 2004 by co-owners Charlie Brush and John Giebink — who have developed real estate throughout New England since 1977 through predecessor Green Mountain Development Group — the company manages approximately 1,400 apartments across affordable housing (HUD Section 8, LIHTC, Rural Development programs), market-rate, mixed-income, and senior (55+) independent living communities in Vermont, New Hampshire, and upstate New York. It operates through a sub-brand, Summit Senior Living, for senior housing, and runs traditional property management services for both company-owned and third-party-owned buildings using standard leasing platforms (RentCafe) for online applications, maintenance requests, and resident communications.

The company's business model has three revenue streams: recurring rental income from its owned portfolio of approximately 1,400 apartments, property management fees from third-party owners, and development fees and equity returns from new construction and acquisition/rehab projects funded through state and federal affordable housing programs. Pricing varies materially by unit type and program status — restricted-income senior units start at $582-$931/month, market-rate senior units at $1,750-$1,850, and premium market-rate lofts at up to $3,290/month. The company's primary customer segments are affordable-housing residents, seniors aged 55+, market-rate renters, and property-owning clients seeking professional management; pricing is subscription-based monthly rent.

In October 2025 and March 2026, Summit executed a major geographic expansion into New York City through the $41.7M acquisition of the 444 Madison leasehold followed by the $451.3M bankruptcy-driven acquisition of Pinnacle Group's approximately 5,100 rent-stabilized apartments, transforming the company from a regional New England operator into a multi-state landlord with material NYC exposure and increasing its controlled unit count to roughly 6,500. The expansion was self-funded or privately financed with no disclosed external investors, ownership remains concentrated with the two co-founders, and CEO Tom Getz and COO Zeke Davisson lead the professionalized management team.

Name

Summit Properties

Legal name

Summit Properties

Website

https://summitpmg.com

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

11–50 employees

Short description

Summit Properties is a privately held, vertically integrated real estate owner, developer, and property manager based in South Burlington, Vermont, serving affordable, market-rate, and senior-housing tenants across Vermont, New Hampshire, upstate New York, and now New York City after its 2026 acquisition of 5,100 rent-stabilized units from Pinnacle Group.

Ownership category

akta.pro rank

Headquarters

HQ city

South Burlington

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Revenue model

1. Rental Income: Revenue from rental operations across portfolio of nearly 1,400 apartments including senior living, affordable housing, and market-rate properties in Vermont, New Hampshire, and upstate New York.
2. Property Development: Real estate development services for residential properties, including mixed income properties funded by state and federal housing programs. The company has developed over 1,500 residential units since 1977.
3. Property Management Services: Management fees from providing property management services to apartment building owners throughout Vermont, New Hampshire, and upstate New York.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels3 records

Core offering

Summit Properties provides real estate development, leasing, and property management services to affordable and market-rate apartment buildings throughout Vermont, New Hampshire, and upstate New York. Operating as property owner, developer, and management company, the firm manages a portfolio of nearly 1,400 apartments including high-end market-rate apartments, HUD Section 8, Low Income Housing Tax Credit (LIHTC) projects, Rural Development, affordable family housing, and senior housing. The development arm has developed over 1,500 residential units since 1977.

Product overview

Summit Properties operates as an integrated property management and real estate development company, combining development, leasing, and property management services. The company manages a portfolio of approximately 1,400 apartments across affordable housing, market-rate, and senior living properties in Vermont, New Hampshire, and upstate New York. The core offerings include Property Management Services (leasing, maintenance, resident services), Real Estate Development (focused on LIHTC and mixed-income projects), Summit Senior Living (independent senior housing communities), Affordable Housing Management (Section 8, LIHTC, Rural Development programs), and Market-Rate Apartments. The company also manages various commercial and recreational spaces developed by its affiliated Green Mountain Development Group.

Differentiator

Problem solved

Functional benefit

Brands

• Summit Senior Living: A senior living property management and rental operations sub-brand of Summit Properties, serving independent senior living communities across Vermont, New Hampshire, and upstate New York.

Products and services

• Property Management Services

Named customers2 records

Segments4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Pinnacle GroupflagshipStrategic or Co-development Partner · 1 March 2026Summit Properties USA acquired Pinnacle Group's distressed portfolio of approximately 5,100 rent-stabilized apartments across New York City for $451.3 million through Chapter 11 bankruptcy proceedings. This represents a major expansion into the NYC market for Summit Properties.

Scale indicators6 records

Recent moves5 records

Expansion highlights5 records

Regional players

• Two Trees Management: Two Trees is a Brooklyn-based developer and property manager of large-scale residential and mixed-use properties in NYC. Comparable as a vertically integrated NYC multifamily operator with both ownership and management capabilities.

Direct peers

• Bozzuto Group: Bozzuto is a regional multifamily developer, owner, and third-party manager with senior living and mixed-income offerings. Comparable to Summit in integrated development/management and senior-living specialization, though focused in Mid-Atlantic/Northeast.
• WinnCompanies: Boston-based WinnCompanies is one of the largest multifamily property managers and developers in the U.S. with a heavy affordable-housing focus (LIHTC, Section 8). Closely comparable to Summit in combining affordable and market-rate management with in-house development.
• BRP Companies: BRP is a NY/NJ-based affordable housing developer and manager with a substantial LIHTC pipeline and mixed-income communities. Comparable to Summit in combining affordable development with third-party management services.
• NHP Foundation: NHP Foundation is a NYC-based nonprofit affordable housing provider that develops, owns, and manages mixed-income and supportive housing. Comparable to Summit's affordable-housing and senior-living segments and NYC rent-stabilized portfolio exposure.
• L+M Development Partners: L+M is a leading NYC affordable housing developer and property manager with deep LIHTC expertise and mixed-income portfolios. Directly comparable as a vertically integrated affordable/market-rate multifamily operator now expanding into management at scale.

Emerging players

• Taconic Development: Taconic is a NYC-based affordable housing developer with a focus on preserving rent-stabilized and Section 8 housing. Comparable to Summit's NYC rent-stabilized expansion thesis and affordable housing development focus.
• AION Partners: AION Partners is a NYC-based real estate investment and operating platform focused on multifamily and value-add housing. Comparable as a growing NYC multifamily operator with exposure to rent-regulated and value-add assets.

Broad incumbents

• The Related Companies: Related is a national, diversified real estate firm with a major NYC affordable housing arm (Related Affordable). Comparable as a large owner/operator of mixed-income housing but operates at materially greater scale across multiple property types.

Others

• Community Preservation Partners (CPP): CPP is a NY-based affordable housing preservation owner/operator specializing in acquiring and rehabilitating rent-regulated multifamily portfolios. Comparable thematically to Summit's preservation-oriented strategy around the Pinnacle acquisition.

Market position

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/SummitPMG

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Summit Properties