Recession, with the vision of making it possible for international investors to own income producing real estate in the Southeastern US. We had a vision to provide our clients with full ownership of their properties and no responsibilities, with a team that would take care of everything, from legal and accounting structures, acquisitions, asset and property management,and disposition and reinvestment. Since then, SPI has grown into Summit Properties International, Summit Properties International FL, SPI Property Management, SPI Commercial and SPI Advisors, with offices in Charlotte, NC and Saint Augustine, FL in the US, as well as internationally in Montevideo, Uruguay and Santiago, Chile