In June 2025, 13th Floor Investments acquired The Summit on 401 in a joint venture with Monday Properties and ITA Holdings. The 291-unit garden-style community sits on 27 acres in Fayetteville, North Carolina, which is anchored by Fort Bragg, one of the largest military bases in the U.S. The property is well-maintained and offers clear upside through targeted upgrades. Our business plan focuses on operational improvements and repositioning the asset as a stable, cash-flowing community in a growing market.