NEW YORK, NY — (Marketwire) — 09/13/11 — Dome Equities LLC in partnership with a local operating partner is pleased to announce the acquisition of Dunes at Falcon Valley located in Lenexa, Kansas. Dunes at Falcon Valley is a 208-unit, class A apartment complex built in 2008. Lenexa is located in Johnson County of the Kansas City metropolitan area. The Property is part of the successful Falcon Valley Planned Community, which includes single family homes, retail, office and a public golf course, which abuts the apartments. The investment represents a recapitalization of the developer-s ownership interest along with a modification of the existing loan.
Dome Equities is a private equity firm, investing capital in U.S. commercial real estate assets and related entities through joint venture structures with proven operating partners. The company pursues a disciplined investment philosophy that focuses on value-oriented strategies, including property renovation, repositioning, and development. The foundation of Dome-s investment platform is an alignment of interest created through a co-investment partnership with knowledgeable operating partners. A proven track record of producing consistently high risk-adjusted returns supports this investment philosophy. Dome-s managed portfolio of multifamily and commercial assets currently totals $729 Million.
For further information, contact:
Dome Equities, LLC
Eric D. Jones, CFA
Managing Partner
Telephone #: 646.278.1362
Email Address:
Contact for: Investments
Louis S. Caiola, Jr.
Partner
Telephone #: 646.278.1361
Email Address:
Contact for: Investors