Apartment complex sells in Carolinas

Summit dumps property

Summit Properties sold an apartment community in Raleigh, N.C. The value of the transaction was $22.5 million. The community, built in 1990, was formerly known as Summit Square. The size of the property was not disclosed. Summit Properties Inc. is a real estate investment trust that focuses on the operation, development, and acquisition of luxury apartment communities. *** What's your opinion? Send your Letter to the Editor to newsroom@inman.com....