Dominium

Dominium employees from our Southeast office recently participated in two key events at Morehouse College, a prestigious Historically Black College and University (HBCU) in Atlanta, aimed at promoting diversity in the real estate industry. Dominium was invited to the inaugural Morehouse College Division of Business Administration & Economics CO-OP and Internship Fair, a private event for real estate and finance students. Isreal Laviene, a Morehouse senior and Dominium Capital Markets intern, shared his valuable internship experiences, emphasizing the impactful opportunities he gained at Dominium. Additionally, Dominium participated in the annual Atlanta University Center Consortium, Inc. (ACC) Career Fair, where employees, including Campus Recruiter Bishara D., connected with over 2,000 students from Clark Atlanta University, Morehouse College, and Spelman College. Southeast Development Analysts Khalid El-Shabazz and Adria Hollis also engaged with students, discussing their roles at Dominium and sharing insights into our company’s mission and impact. At Dominium, we are committed to developing the next generation of real estate leaders and increasing the representation of people of color in the industry. We are dedicated to partnering with aspiring professionals of color in their educational and career journeys. Thank you to all Dominium employees who continue to strengthen our relationships with Morehouse College and other universities. Your willingness to share your experiences and represent our company is vital to advancing our mission and fostering growth. #Dominium #DiversityinRealEstate #MorehouseCollege #HBCU #RealEstate #CareerFair #InternshhipOpportunitites #ApsiringProfessionals #CareerDevelopment

We are pleased to announce the successful closing of Anchor at Gulf Harbors, located at 5430 Jackstay Road in New Port Richey, Florida. Anchor at Gulf Harbors will provide 388 high quality senior homes for the City of New Port Richey. This project will be constructed by WD Construction, a joint venture between Weis Builders and Dominium Construction and Architectural Services. The project was designed with preservation, placemaking and thoughtfulness by preserving more than 8 acres of natural Florida wetland habitat. This community also marks Dominium’s first ever new construction development within the Tampa MSA. This project would not have been possible without the support of our development partners. The financing includes a permanent mortgage provided by Freddie Mac, serviced by Grandbridge Real Estate Capital, a taxable equity bridge loan provided by Truist, a tax-exempt construction loan originated by Deutsche Bank, an allocation of SHIP funds from Pasco County Housing Finance Authority, and an equity investment in the 4% federal Low-Income Housing Tax Credits by Truist Community Capital. Additionally, we would like to thank the Florida Housing Finance Corporation for their determination of Low-Income Housing Tax Credits, Pasco County Housing Authority for their allocation of tax-exempt private activity bonds and the City of New Port Richey for their ongoing support and cooperation of the development. Additional development partners include RBC Capital Markets, Barbara L. Wilhite P.A., Stearns Weaver Miller Weissler Alhadeff & Sitterson, P.A., Winthrop & Weinstine, P.A., Seltzer Management Group, Inc., Bessolo Design Group, Inc., Bohler Engineering, Commercial Partners Title, LLC, and U.S. Bank Trust Company. We would like to thank all partners for their assistance on this project, continued commitment to providing high quality affordable housing, and their ongoing partnership with Dominium. Finally, we’d like to congratulate Devon Quist, Ryan Summerwill, Jake T., Tom Bulach, Sarah Oh and Farah Asadulla. Thank you to all who have participated in the closing of this transaction and to all who will be involved moving forward! 

Dominium Senior Managing Partner Paul Sween has often said his goal in creating affordable housing is to evoke a sense of pride in where people live. “When the children who are our residents get off of the bus [at one of our communities], we want the other students to say, ‘I wish I lived there.’” It’s this distinct perspective, coupled with nearly four decades of commitment to make it happen, that propelled Affordable Housing Finance to induct Paul into its 2024 Hall of Fame. Paul was inducted in the Leading Developer category and is featured on the cover of AHF’s September/October issue. The accompanying story highlights Paul’s dedication and vision that have not only shaped Dominium but have also made a lasting impact across the entire affordable housing industry. Congratulations, Paul! This prestigious honor is a testament to your leadership and the legacy you've built at Dominium. We couldn’t be prouder or more grateful for all you’ve accomplished. #AffordableHousingFinance #AHF #HallofFame #IndustryRecognition #LeadingDeveloper #AffordableHousingVisionary #WhatWeDoHitsHome #PioneeringAffordableHousing

We are thrilled to share the promotion of Katessa Archer to Project Partner in our Southeast Region. Her dedication and hard work have been invaluable, and we can’t wait to see the impact she’ll continue to make at Dominium and across the affordable housing industry.

Through Dominium’s Pro Bono Program under our Dominium Gives umbrella, we provide development services to nonprofits making meaningful change in their communities. Today, we are thrilled to announce the closing of the first phase of Renaissance Hall, in partnership with Rural Neighborhoods, a Florida nonprofit with over 30 years of experience in affordable housing.  Recognizing a growing need, especially post-COVID, Collier County Government and three local foundations - The Richard Schulze Family Foundation, The Moorings Park Foundation and The Collier Community Foundation – came together to support housing for essential workers. These individuals keep the Naples economy running but often earn too much to qualify for affordable housing and not enough for market rates. They are often called “the missing middle.”  This $94.6 million first phase of Renaissance Hall will deliver 252 units of “missing middle” housing. This project is only possible thanks to land from Collier County and the foundations’ early $10 million commitment. With additional funding from federal, state and local sources, and a HUD 221(d)(4) loan arranged by Prudential Global Investment Management, Inc.. Phase II will add 100 units of senior housing – bringing the total project to 352 units.  We want to thank all our development partners for their assistance with this project: Rural Neighborhoods, DeAngelis Diamond, Collier County Government, Prudential Global Investment Management, Inc., RE Chisholm Architects, Inc., GradyMinor, Nelson Mullins, Kutak Rock, Colliers Securities, Ballard Spahr LLP and Fidelity National Financial. This is Dominium’s largest pro-bono project to date, and we couldn’t be more proud and grateful for the opportunity to contribute to the Naples community.  Finally, we’d like to congratulate and thank the Dominium team members whose work made this possible: Jeff Huggett, Thomas Williams, Miller Calhoun and Ashle' Mathis.  

We are thrilled to announce the successful acquisition of Cholla Ranch, a 180-unit property located in Buckeye, Arizona. Cholla Ranch was constructed in 2001 and financed under the 9% low-income housing tax credit program, with 124 units operating as affordable and 56 market-rate units. Upon resyndicating in the spring of 2025, the property will undergo a $7.2M renovation, with Dominium Construction & Architectural Services (DCAS) acting as both the general contractor and architect. Dominium will also set the market-rate units at 70% AMI and manage this property as fully affordable. Upgrades will include extensive work to the clubhouse, outdoor amenity space, and unit interiors. This project would not have been possible without the support of our development partners. The acquisition debt financing was provided by Merchants Capital, a valued partner of Dominium. In addition, we’d like to thank DCAS, Winthrop & Weinstine, P.A., and the Arizona Department of Housing. Finally, we’d like to congratulate and thank all Dominium team members who played a role in making this transaction a reality: Mark Lambing, Rodrigo Dorador, Jacob Berger, Nash Chute, Kai P. and Retivia Stevens. Thank you to everyone who has helped with the closing of this transaction and to those who will be involved in the construction and operation of this site in the future.

On Monday, October 7, Dominium’s Diversity, Equity & Inclusion (DEI) Committee hosted a special virtual panel in honor of Hispanic Heritage Month, which runs from September 15 to October 15. The 30-minute event was moderated by Vice President of Human Resources Kelina Willis, SHRM-CP, PHR, MHRM and featured panelists Development Associate Rodrigo Dorador and Regional Manager Josue Cordero-Vallejo.  Attendees were encouraged to engage by sharing their thoughts and questions in the chat, making it an interactive session that highlighted the importance of diversity within Dominium and the broader industry. At Dominium, we are proud to celebrate the diverse perspectives, strength, and resilience our employees and residents bring to our communities across the nation. #HispanicHeritageMonth #CelebratingDiversity #HispanicHeritage #Dominium

Monday, October 14, we recognize Indigenous Peoples Day, a moment to honor the over 500 tribal nations across the United States, celebrating their rich histories, cultures, and ongoing contributions. This day invites us to reflect on the profound impact of colonization and the resilience of Indigenous communities. As we celebrate their traditions and influence on our nation, we are reminded of the importance of continuous learning, understanding, and respect for the heritage and voices of Indigenous communities. #IndigenousPeoplesDay #IndigenousHeritage #HonoringTraditions #CulturalCelebration

We are pleased to announce the successful acquisition of Villa Hermosa, a 288-unit property located in Albuquerque, New Mexico. This closing marks Dominium’s official expansion into the state of New Mexico. Villa Hermosa was constructed in 1999 and financed under the 4% low-income housing tax credit program. Upon resyndicating in the spring of 2025, the property will undergo an $11.5 million renovation with Dominium Construction & Architectural Services (DCAS) acting as both general contractor and architect. Upgrades will include extensive work to the clubhouse, outdoor amenity space, and unit interiors. This project would not have been possible without the support of our development partners. The acquisition debt financing was provided by Merchants Capital, a valued partner of Dominium. In addition, we’d like to thank our DCAS team, Winthrop & Weinstine, P.A., and the New Mexico Mortgage Finance Authority. Finally, we’d like to congratulate and thank all Dominium team members who played a role in making this transaction a reality: Mark Lambing, Rodrigo Dorador, Jacob Berger, Kai P., and Retivia Stevens, along with a special thanks to Adam Brookins, Nash Chute and Beau Prest. Thank you to everyone who contributed to the closing of this transaction and to those who will be involved in the construction and operation of this site in the future.

Catch Dominium Vice President of Operations Meg Tibbs on the latest episode of the Multifamily Grit Podcast, hosted by Kerri Davis. In this engaging conversation, Meg provides valuable insights into how data-driven approaches are shaping hiring, retention, and the development of high-performing teams within the multifamily housing industry. She emphasizes the critical role that data plays in driving long-term success in property management. Explore the full discussion in the episode below. #PropertyManagement #DataDriven #MultifamilyHousing #Leadership #Dominium