Dome Equities, LLC today announced the acquisition of both Crown Pointe and Gateway Lakes.
Crown Pointe is a 360-unit, Class B apartment community built in 1986 in Coconut Creek, FL. The property offers residents convenient access to major highways resulting in a short commute to the major employment hubs within Broward County and the surrounding South Florida markets. Crown Pointe is located within The Township, a 5,300 +/- home, master-planned community developed by Minto largely in the 1980s. Access to retail services is also excellent. Crown Pointe enjoys excellent visibility along two heavily traveled roadways, Sample Road (53,000 cpd) and Lyons Road (35,400 cpd).
Gateway Lakes is a 358-unit, Class B+ apartment community built in 1996 in Sarasota, FL. The Property is 5 minutes from the University Town Center, only 10 minutes from downtown Sarasota, 15 minutes from the world-renowned St. Armand’s Circle as well as the award-winning beaches along Lido Beach and Long Boat Key. Gateway Lakes enjoys tremendous visibility from Interstate 75 (119,000 cpd) and is less than one mile north of Fruitville Road, one of the three primary east/west corridors that connect I-75 to downtown and the beaches.
Dome’s apartment portfolio of 32 properties totals nearly $1.3 Billion.