SVP – Florida
Michael Sommers is Senior Vice President in the Miami office, where he focuses on multifamily acquisitions and asset management in the State of Florida. Since the beginning of 2016, Michael has led the acquisition of 2,300 apartments in the State of Florida, in 8 transactions, for over $465 million. Post- closing, Michael oversees asset management and is actively completing $28 million of renovation projects. Prior to joining Grand Peaks, Michael was a Senior Vice President at Fifteen Group, where he over saw a 3,000 unit multi-family portfolio in four states. During his time there, he helped with the disposition of four apartment communities and a shovel ready development site in Miami. Prior to that, Michael was an Investment Associate for Equity Residential (EQR), where he worked from 2009 – 2014 acquiring apartment buildings and development sites. Additionally, Michael participated in overseeing the asset management of more than 20,000 apartments in EQR’s Southeastern United States portfolio.
During Michael’s time with EQR, he was part of the deal team that underwrote and acquired the majority of the Archstone apartment portfolio from Lehman Brothers’ bankruptcy estate for $9.5 billion dollars. Since 2009, Michael has also taught undergraduate and MBA-level courses in real estate investment and appraisal at the University of Miami as a part-time lecturer. Michael earned his Bachelor’s degree with honors from the Finance Department at the University of Miami and has an MBA from the University of Florida. Michael and his wife Tracey are parents to two young children and share their home in Boca Raton with Frolic the corgi.