Senior Vice President of Development and Acquisition | Southeast
Michael Sommers has been with Grand Peaks since 2016 and currently serves as Senior Vice President for the Southeast. Mr Sommers focuses on multifamily acquisitions, renovation management, and asset management for the entire state of Florida. Prior to joining Grand Peaks, he was the Senior Vice President at Fifteen Group where he was responsible for a 3,000-unit multifamily portfolio across 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, Mr. Sommers was an Investment Associate for Equity Residential (EQR), where he worked from 2009 to 2014 acquiring multifamily properties and development sites. Additionally, he participated in overseeing the asset management of more than 20,000 apartments in EQR’s Southeastern United States portfolio. During his 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. Most recently, Mr. Sommers spearheaded the effort into North Carolina, a new market for Grand Peaks.
Since 2009, Mr. Sommers has taught undergraduate and MBA-level courses in real estate investment and appraisal at the University of Miami as a part-time lecturer. He 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. Mr. Sommers currently resides in Boca Raton, FL and operates out of the Florida regional office.