Summit Ridge Holdings ME Buys Rumford and Mexico housing portfolio in Maine

Reported Oct 26, 2026 · Source: Mainebiz

Source: MainebizRead the full report at Mainebiz ↗

Deal details

Buyer
Summit Ridge Holdings ME LLC
Seller
Burns Propertyz Maine Division LLC
Price
$6.22 million
Size
116 units (22 multifamily buildings, 4 single-family homes)
Price per unit
$53,621 per unit (our calculation)
Asset class
Multifamily & Mixed-use
Transaction
Sale
Sub-market
Lewiston-Auburn & Western Maine
Metro
Maine (statewide)
Reported date
Oct 26, 2026

Summary

A portfolio of 116 units, 22 multifamily buildings and four single-family homes in Rumford and Mexico, closed for $6.22 million. Summit Ridge Holdings ME LLC bought it from Burns Propertyz Maine Division LLC. Tyler Stewart of Elevate Maine Realty represented both sides. Source: Mainebiz.

Summarized from the article; the quoted lines below are from the article itself.

Source: Mainebiz

Read the full report at Mainebiz. What the article says:

  • Deal
    “I have sold dozens of buildings throughout Rumford and Mexico over the past several years, but this one was certainly one for the books,” said the broker representing both parties.
  • Deal / Price / Size
    Portfolio of 116 housing units in Rumford and Mexico sells for $6.2M
  • Buyer / Seller
    Summit Ridge Holdings ME LLC bought the portfolio from the Burns Propertyz Maine Division LLC. Tyler Stewart of Elevate Maine Realty represented both the buyer and seller.
  • Size / Price
    It took a year of negotiations, but a portfolio of 116 units — 22 multifamily buildings and four single-family homes — in the Oxford County towns of Rumford and Mexico finally closed for $6.22 million.

Article date: 2026-10-26T16:34:19+00:00

Frequently asked questions

Who bought Rumford and Mexico housing portfolio?
Summit Ridge Holdings ME LLC bought Rumford and Mexico housing portfolio in Lewiston-Auburn & Western Maine, according to Mainebiz.
How much did Rumford and Mexico housing portfolio sell for?
The reported price is $6.22 million, per Mainebiz.
Who sold Rumford and Mexico housing portfolio?
The seller was Burns Propertyz Maine Division LLC, per Mainebiz.

Related deals in Lewiston-Auburn & Western Maine

All Lewiston-Auburn & Western Maine deals · More multifamily & mixed-use deals in Maine · Maine (statewide): this week and archive

Compiled from public sources; details can differ between sources. Always verify with the linked source.