Dome Equities, LLC today announced the acquisition of both Dwell at Legacy and Longhorn Crossing.
Dwell at Legacy is a 289-unit, Class A apartment community built in 2015 in San Antonio, Texas. The property is located in one of the most affluent neighborhoods of San Antonio named Stone Oak in north central San Antonio. The property is located within the Legacy Shopping Center, a master-planned, mixed-use retail, office and lifestyle development and strategically located at the heavily traveled intersection of Loop 1604 and Highway 281.
Longhorn Crossing is a 240-unit, Class A apartment community built in 2015 in Fort Worth, Texas. The property is in the dynamic Northwest Fort Worth submarket and provides residents convenient access to the area’s diversified base of high quality employers. The immediate area continues to experience above average economic development which is spreading west of I-35 and north of I-820.
According to Eric D. Jones, Dome Equities’ Chief Investment Officer, “Our investment strategy on both investments is to obtain exposure in two of the nation’s strongest rental markets and implement more professional property management to enhance and optimize operational performance.”
Dome’s apartment portfolio of 30 properties totals nearly $1.2 billion.