Dominium acquires Champlin Drive Apartments

Minneapolis Feb. 11, 2011 — Dominium Development and Acquisition, LLC, is pleased to announce the acquisition of Champlin Drive, a 72-unit apartment complex providing affordable housing in Champlin, Minn.

Originally built in 1992, Champlin Drive will undergo significant improvements to both the interior and exterior of the property. Interior improvements will include new vinyl flooring throughout the units, new kitchen countertops, new bathroom vanities and vanity tops, new carpeting as needed, new interior and unit entry doors as needed, and new appliances as needed. The exterior improvements will include new building and garage roofs, a new parking lot, and upgrades to the unit balconies. These improvements will be completed by March 15, 2011.

“One of the goals of this acquisition and rehabilitation is to maintain the quality of affordable housing in Champlin,” said Armand Brachman, managing partner, Dominium Development and Acquisition. “We feel there is a need to upgrade this property to meet the changing needs of today’s renters and we think the residents will be happy with the planned improvements.”