A Minneapolis investor has snapped up a West Dallas rental community.
The Churchill at Pinnacle Park apartments are just south of Interstate 30 in the Pinnacle Park district off Cockrell Hill Road.
New owner Dominium Management plans to spend more than $830,000 renovating the 200-unit rental community, which has been renamed Vinewood apartments.
The apartments — built in 2005 — include a community clubhouse, a fitness center, a swimming pool and covered parking.
CIBC Bank and Western Bank provided funding for the transaction.
“Dominium will preserve the affordability of the apartment community as part of its long-term ownership plan,” the company said in a statement.
Founded in 1972, Dominium owns or manages more than 30,000 apartments in 22 states. The company has been ranked as one of the top owners of affordable housing in the U.S.
The company already owns more than a dozen properties in North Texas.
