Dominium Acquires Orchard Lane Apartments

Dominium, announced today that it has acquired Orchard Lake Apartments, a 137-unit affordable housing community in Mableton, Ga.

Dominium is planning a renovation of the property which be completed in October of this year. Unit improvements include the addition of new in-unit washers and dryers, new kitchen countertops and cabinet fronts, new flooring, light fixtures and appliances.

The clubhouse will also undergo a full renovation and the guest room and leasing center will become a more open space with modern furniture and finishes to welcome potential residents and guests. The fitness room is being moved to the clubhouse where residents will enjoy a larger space and new, high-tech equipment. In addition, exterior improvements include new landscaping throughout the site, new pool furniture, new grill, picnic benches and updates to the grilling area.

“Georgia is a key growth area for Dominium and the property is a nice addition to our portfolio,” said Dominium development associate, Neal Route. “We look forward to continuing to provide residents with high-quality housing and a comfortable and enjoyable place to live for years to come.”

Once the renovation is completed, the property will be renamed The Parkton. Orchard Lane was built in 2001. Dominium acquired the property in July of this year.

Website: www.orchardlaneapts.com