Dominium Announces the Acquisition of Rosemont at Baytown in Baytown, Texas

Property News

The property expands the affordable housing developer’s portfolio in Houston

Dominium, a leading national owner, developer, and manager of affordable housing, announced today the closing of its acquisition of Rosemont at Baytown, located at 6033 Garth Road in Baytown, Texas. The 250-unit property expands Dominium’s existing portfolio in the Houston metropolitan area.

Rosemont at Baytown was built in 2005 using 4% low-income housing tax credits. Dominium plans to renew the property’s affordable housing status in 2022 while conducting approximately $10,000,000 of improvements including an updated clubhouse, new site amenities, and renovations to individual apartment homes.

Development partners include Bear Creek, Berkadia, Chicago Title Company, and Winthrop & Weinstine.

Dominium is grateful for these partners who made it possible to close this transaction and to all who will be involved in this important project in the future.