Fort Collins, CO (March, 2012) – Ohio developers Edward and Herbert Newman and their partners today announced the purchase of The Arbors at Sweetgrass, an upscale, luxury apartment community located in Fort Collins. The property will be managed by the Newman’s management firm, Summit Management Services, Inc. (SMSI) who have received nationwide accolades for their high levels of resident satisfaction. SMSI will bring to the Arbors their proprietary property management system that builds an attentive, professional, hands-on and detail-oriented staff who deliver an outstanding residential experience.
The apartment community features 259 well-appointed garden apartments situated on twenty-five beautifully landscaped acres. The property boasts a lavish selection of amenities including resort-style swimming pool, 24-hour fitness center and club house, racquetball, basketball and tennis courts, business center and scenic walking trails.
“The Arbors is a great addition to our portfolio of properties.” stated Edward Newman, Chief Executive Officer. “Across the country, our properties are at or near 100% occupancy. In each community, they are the place to live. We’re excited to do the same for the Arbors. This spring we’ll be upgrading both the exteriors and interiors of the property and introducing a superior customer service experience to the Arbor’s residents. ”