Dome Equities, LLC announces the acquisition of Arium Grandewood.
Arium Grandewood the (“Property”) is a class A- 306-unit garden-style apartment complex built in 2005. The Property has frontage along Central Florida Parkway just east of John Young Parkway in South Orlando. Located 0.25 miles east of The J.W. Marriott and Ritz Carlton at Grande Lakes Resort and 1.5 miles south of Orlando Central Park’s SouthPark office park, The Property sits at the confluence of Central Florida’s major transportation arteries. Dome management, through an affiliate, invested with the developer, Wood Partners, in building the Property in 2005. 15 years later Dome has acquired the Property to implement a value add strategy. Dome is also currently in partnership with Wood Partners finishing the construction of Alta Headwaters about 0.25 miles away. Leasing has been vibrant even with COVID-19.
Dome’s apartment portfolio of 24 properties totals nearly $1.17 Billion.