Dominium to Resyndicate Oak Meadows with $5M Renovation

Dominium, a leading affordable housing owner, developer and manager announced the resyndication of Oak Meadows in Cocoa, Florida. Dominium will renew the property’s affordable housing status while beginning a $5 million rehabilitation of the property.

Constructed in 2009, Oak Meadows consists of 90 affordable units housing families at 60% Area Median Income (AMI) and 30 units housing families at 35% AMI. Dominium acquired the property in October 2022, taking over operation and management responsibilities while preserving the 35% AMI units for the foreseeable future.

Dominium would like to thank Fannie Mae, Walker & Dunlop and Bremer Bank for providing the key financing structure for this project, along with development partners Langerman Construction, Dominium Construction & Architectural Services, Kimley-Horn, RBC Capital Markets, Winthrop & Weinstine, Holland & Knight, Norris George & Ostrow, Fabyanske Westra Hart & Thomson Law, Ballard Spahr, ArentFox Schiff, Amerinat, Commercial Partners Title, Akerman, Computershare and Brevard County HFA.

Founded in 1972, Dominium is a purpose-driven leader in affordable housing, dedicated to addressing the nation’s housing crisis through lasting and impactful solutions. With offices in Atlanta, Dallas, Phoenix, and Minneapolis, Dominium owns, develops, and manages more than 40,000 apartment homes in more than 220 communities nationwide. The company is committed to building enduring value through high-quality, affordable housing that strengthens communities, supports residents and serves the needs of our financial partners. Beyond housing, Dominium extends its impact through pro bono development services, charitable contributions, post-secondary scholarships, internships, and volunteer efforts in the communities where we live and work.