Dominium Acquires 165-Unit Sweetwater Terraces In Duluth For $27.8 Million From Sweetwater Community Associates

The transaction involves the acquisition of a 165-unit active-adult apartment community known as Sweetwater Terraces, located at 3555 Sweetwater Road in Duluth, GA. The sale was completed for a total of $27.8 million, resulting in a per-unit price of $168,485. The financing for this purchase was supported by a $12.03 million FREMF securitized loan.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $27,800,000
• Buyer: Dominium
• Seller: Sweetwater Community Associates
• Units: 165
• Price Per Unit: $168,485
• Financing: $12.03 million FREMF securitized loan

The deal involved Dominium as the buyer, acquiring the property from Sweetwater Community Associates. The transaction emphasizes the active-adult community market segment, reflecting ongoing investment interests in multifamily residential assets.