DOMINIUM DEVELOPMENT AND ACQUISITION BUYS LOW-INCOME HOUSING COMMUNITY

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CLEVELAND — Minnesota-based Dominium Development and Acquisition LLC has purchased Lakeshore Village, a 108-unit apartment community providing low-income housing in Cleveland. The company plans to complete substantial capital improvements to the property by the end of the year. Plans for the project call for the renovation of all of the units, as well as the addition of a community building, with a computer center and gathering space. Upon completion of the project, Lakeshore Village is expected to achieve Enterprise Green Community distinction. The acquisition price for Lakeshore Village was not disclosed.

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