News Jul 21, 2021
Dome Equities Acquires Two Apartment Properties in Atlanta, Georgia Metro
Dome Equities, LLC announced the acquisition of both ReNew Sandy Springs and Spalding Bridge.
ReNew Sandy Springs has 219 units and was built in two phases, with phase I in 1985 for 60 units and phase II in 2000 for 159 units. The property has 18 buildings which are two-and three-story wood-frame construction on concrete slab. Spalding Bridge has 192 units and was built in 1984. The property has 12 buildings which are three-story wood-frame construction on concrete slab.
The two class B Properties, located approximately four miles apart, are located in the affluent Sandy Springs neighborhood of north Atlanta. Sandy Springs is one of the most desirable Atlanta locations. The schools, housing and income values are well-above the metro average. The area benefits from being well located between two of the most active employment centers in suburban Atlanta. Located in the GA-400 employment corridor the Properties provide residents convenient access to the North Fulton employment market to the north and Perimeter Center to the south. Between these two employment hubs are 300,000 jobs, 60M sf of office space, and the top healthcare systems in the southeast.
Dome’s residential portfolio of 26 properties totals nearly $1.31 Billion.