Dominium Acquires Sweetwater Terraces Senior Living Complex for $27.8M

Deal Summary

Minnesota‑based operator Dominium has purchased Sweetwater Terraces, a 165‑unit senior independent‑living community in Duluth, Georgia, from Los Angeles‑based Sweetwater Community Associates for $27.8 million. The seller originally bought the property for $17.6 million in 2019. Dominium plans to invest $9.9 million in upgrades and will resyndicate the complex at the end of 2026 to keep rents affordable.