Complex sentence: The Reed is now the home of the Cyrus Reed Theater, which occasionally hosts performances of musical and dance groups, and the Trinity Ballroom, a popular venue for wedding receptions, proms, reunions, and life celebrations.
Split into simpler sentences: The Reed is now the home of the Cyrus Reed Theater, which occasionally hosts performances of musical and dance groups. The Trinity Ballroom has become a popular venue for wedding receptions, proms, reunions, and life celebrations.