News Nov 10, 2021
Dome Equities Acquires Alexandria, VA and North Augusta, SC Properties
Dome Equities, LLC announces the acquisition of The Shelby and Sweetwater Commons.
The Shelby (“The Property”) The Shelby is a class A- 240-unit community built in Alexandria, VA delivered in 2014 and improved in 2020. Alexandria is located directly across the Potomac River from Washington DC. In Dome Equities’ opinion, the city is expected to experience significant employment growth created in part by Amazon’s HQ2 in National Landing five miles north and Virginia Tech’s new $1 Billion Innovation Campus development located four miles north. The Shelby is a four-story wood frame midrise/wrap building that offers affordable rental rates compared to nearby Class-A apartment properties and a 15-30% rental discount to other submarkets closer to Washington DC along the Yellow Metrorail train line. The property offers amenities including a fitness center, resort-style swimming pool, clubhouse, dog walking area, secure garage parking, and outdoor grilling stations.
Sweetwater Commons (“The Property”) is a class A 207-unit single-family for rent community built in 2016 in North Augusta, SC. Located on the north bank of the Savannah River on the South Carolina-Georgia State line, North Augusta offers a blend of quaint neighborhoods, big city amenities, and small-town charm. With convenient access to Augusta and other big cities through major highways in town, North Augusta is a premier location for commuters and frequent travelers. The Property features one-, two-, three-, and four-bedroom townhomes with charming front porches on picket fence-lined streets with lamppost lined sidewalks. Residents of Sweetwater Commons can enjoy a quiet neighborhoodlike community featuring custom home interior finishes with the benefits of resort-inspired amenities and services and without the burdens of home ownership. Community amenities include a business center, car care center, clubhouse, community garden, dog park, fitness center, health trail, outdoor kitchen, picnic pavilion, playground, soccer park, and swimming pool. In-home features include fully equipped kitchens with stainless steel appliances, hardwood laminate flooring, granite countertops, soft-close cabinets and drawers, vaulted ceilings, and a modern, open design.
Dome’s portfolio of 33 properties totals nearly $1.55 Billion.