Dome Equities, LLC announced the acquisition of both Avana Grove and Avana Stone Canyon.
Avana Grove is located in the Northeast San Antonio suburb of Universal City, TX. The property is a gated, 2006 construction asset with 308 apartment homes positioned just off well trafficked Loop 1604. Residents are minutes from IH-35, the master-planned retail center The Forum at Olympia Parkway, and a four-mile drive from Randolph Air Force Base. Randolph Air Force Base totals over 11,000 employees and provides Air Force pilot and navigator training. The base houses several headquarters including Air Education & Training Command (AETC), Air Force Personnel Center (AFPC), and Air Force Headquarters Recruiting Services. San Antonio is home to one of the largest military concentrations in the United States with defense industry employment totaling over 77,000 personnel. Avana Grove is zoned in the well-regarded Judson Independent School District, with two schools located within 0.5 miles of the property.
Avana Stone Canyon is located in the prestigious Stone Oak submarket of San Antonio, TX. Stone Oak is a master-planned, deed restricted, multi-use development in north central San Antonio. Avana Stone Canyon is a gated, 2005 construction asset with 228 apartment homes positioned just off highly trafficked US-281 on Encino Commons and 2.5 miles north of the intersection of Loop 1604 and Highway 281. Residents are in close proximity to major employers, entertainment, and recreation. Avana Stone Canyon is zoned in the highly-rated North East Independent School District, with many schools located within 1.5 miles of the Property. Avana Stone Canyon is less than two miles northeast of Ridgewood Park, a 122-acre master-planned business park anchored by Andeavor (formerly Tesoro) headquarters, home to roughly 1,200 employees. The Sonterra Medical Center is 2.7 miles southwest of Avana Stone Canyon and home to both North Central Baptist Hospital and Methodist Stone Oak Hospital (the #1 hospital in San Antonio and #6 in the nation as ranked by Medicare.gov). These two hospitals employ approximately 1,200 employees.
Dome’s apartment portfolio of 31 properties totals nearly $1.35 Billion.