Dome Equities, LLC announces the acquisition of Tradition at Palm Aire.
Tradition at Palm Aire (“The Property”) is a low-density, concrete construction apartment community with brick exterior and concrete tile roofs. Originally built in 1991 to be condominiums, The Property has 248-units located in Sarasota, Florida off University Parkway on the grounds of the Palm Aire Club. The Property is positioned between US Route 301 and Interstate 75 in a walkable Sarasota location just minutes from the high-end Mall at University Town Center and in close proximity to the Sarasota-Bradenton International Airport and Sarasota’s business district, theaters, art galleries, shops, restaurants, and renowned beaches. Based on desirability, value, job market, quality of life, and net migration U.S. News ranked Sarasota as the best place to live in Florida in 2019. U.S. News ranks Sarasota as the 18th best place to live in the country as well as the nation’s second-best place to retire. The Property residents have convenient access to the Mall at University Town Center, one of West Florida’s premier retail centers. The Mall at UTC is a world-class fashion and dining destination that features approximately 880,000 square feet of retail space with Saks Fifth Avenue, Macy’s, Dillard’s and more than 150 stores and over 20 dining options in addition to many distinctive retailers not found anywhere else in the local area.
Dome’s apartment portfolio of 23 properties totals nearly $1.09 Billion.