Dominium Announces the Acquisition in Tennessee

Dominium announced the closing of its acquisition of Chapel Ridge of Gallatin located at 1590 Airport Road in Gallatin, TN. The 208-unit property expands Dominium’s existing portfolio in the Nashville market. 

Chapel Ridge of Gallatin was built in 2005 using four percent LIHTCs. Dominium plans to renew the property’s affordable housing status in 2022, while conducting approximately $8,300,000 of improvements, including an updated clubhouse, new site amenities and renovations to individual apartment homes.