Minneapolis-based Dominium has acquired, and will renovate, the Redland Arms Apartments, an affordable-housing development in Homestead, Fla.
Acquired in March of 2014, the 66-unit, Section 42 complex will receive both internal and external upgrades, including improvements to fitness room, new furniture and fixtures for the community room, as well as landscape improvements and fresh paint on exterior buildings.
“We are excited to add Redland Arms to Dominium’s presence in Florida’s affordable housing market. It is a great property and we are looking forward to improving the experience for all the residents.” said Ryan Lunderby, developer for Dominium, in a written statement.
