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KENT, OH-Whitehall Terrace, a 188-unit apartment property, was sold for $7.2 million, in a deal brokered by the Dietz Organization of Birmingham, MI. Summit Management, a private investment company in Akron, Ohio, purchased the apartment and town-home complex from Forest City Residential, a large real-estate owner, operator and developer headquartered in Cleveland.

The new owner plans to make substantial renovations to the property, which was built in 1968.

Dietz senior vice president Mark G. Rohr represented both the buyer and the seller in the transaction. Terms of the sale were cash to existing mortgage.

Whitehall Terrace is located at 1975 Courtland Dr. on 24 acres and has one-, two- and three-bedroom garden-style apartments and town homes. Amenities include a swimming pool and carports.

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