Summit View Apartments
Catalyst Multifamily Management was hired as the third party property management company when the owner purchased Summit View in December 2013. At acquisition, the property was an REO which the owner filled with Section 8 tenants. Catalyst was able to convert the property to market rate residents and in the process upgraded 72% of the units. The property also received: a renovated office, club house, fitness and business center.
After stabilization the owner hired MBP Capital as the listing broker to sell the property. Currently Summit View is on the market and expected to sell at a significant profit.