Dominium

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

Last week, Dominium hosted its second Capital Partners Summit in Fort Worth, Texas, bringing together a distinguished group of long-standing lenders, equity investors, and key industry partners. This summit was designed to unite pivotal players in the capital markets, fostering conversations on the future of affordable housing while leveraging Dominium’s extensive expertise. We were honored to welcome representatives from esteemed organizations, such as Deutsche Bank, Freddie Mac, KeyBank, JLL, Wells Fargo, U.S. Bank, and others. The agenda blended insightful presentations with interactive discussions, offering participants the platform to exchange insights and address critical questions. By encouraging this spirit of collaboration, we aim to continue driving positive change in the affordable housing industry. Featured speakers, including Cindy Fang, Steve Guggenmos, Matthew Luzzetti and Michael Donnelly, enriched the discussion with their diverse perspectives. In addition, two evening events provided opportunities for informal networking, allowing attendees to build and strengthen professional relationships. We extend our appreciation to all our partners for their contributions to the summit’s success. Here’s to many more years of shared growth, learning, and collaboration! #CapitalPartnersSummit #AffordableHousing #Dominium #CapitalMarkets #RealEstate #WhatWeDoHitsHome

We’re thrilled to share that in the third quarter of 2024, Dominium welcomed 157 new team members—21 in corporate roles and 136 on-site. Additionally, we’re proud to congratulate 30 employees on their promotions during this period. At Dominium, we prioritize growth and development, creating an environment where employees can succeed. These promotions reflect the dedication and hard work and dedication of our team members, and we take pride in fostering a space where employees can advance their careers. Please join us in celebrating our new hires and those promoted this quarter! #NewHIres #Promotions #DevelopingPeople #CareerGrowth #ProfessionalDevelopment #CelebrateSuccess

We’re proud to welcome 13 talented Fall Resident Interns to the Dominium family this season! These individuals are embarking on a unique opportunity to gain hands-on experience while working directly within the communities they call home. Paired with dedicated mentors, our interns will learn valuable career skills and experience professional growth, all while receiving guidance from some of the best in the industry. A huge thank you to our mentors for their unwavering support—your expertise and dedication are instrumental in helping these aspiring professionals thrive. We’re looking forward to following their journey and celebrating their accomplishments along the way. Stay tuned for updates and inspiring stories from our interns! Learn more about our Resident Internship Program here: https://lnkd.in/eqWQrghr #InternshipProgram #DominiumCareers #Mentorship #ProfessionalGrowth #Fall2024Interns

Our Phoenix Regional Office team had an incredible time at Bam Kazam, the world’s first challenge arcade! Employees formed teams to tackle a range of mental and physical challenges, earning points for each one they completed. The event was the perfect blend of fun, competition and teamwork! It’s always refreshing to step away from the office, connect with colleagues, and push ourselves in new ways. A huge thank you to everyone who participated and to those who made this event a success! Check out Bam Kazam's website here: https://lnkd.in/gca5nTwy #TeamOuting #BamKazam #PhoenixEvent #OfficeEvent #TeamWorkMakesTheDreamWork