Dominion Partners, LLC (“Dominion”) is a full service real estate investment firm that seeks out and invests in residential and multi-family real estate properties. These properties are identified as fundamentally sound but undervalued due to current local economic and market conditions, thereby presenting attractive short-term growth opportunities.
Dominion may focus on well-located properties that exhibit correctable problems related to tenancy, physical condition, capital structure, market position or management. The Partnership would then seek to exploit the operational inefficiencies inherent in assets of this nature, and employ intensive asset management to correct the identified flaws and position the assets to take advantage of a larger, more efficient pool of capital, thus maximizing exit value.
Dominion identifies these investment opportunities through a system of data collection and analysis from local markets across the U.S. Once local markets are identified that offer target properties meeting Dominion’s requirements, the Partnership is able to immediately contact significant numbers of local owners, managers and sales agents, ultimately leading to multiple investment transactions.
Since 2010, The Dominion management team members have previously used this system to successfully locate and complete over 1000 residential property transactions.
Investors will receive a 9% preferred return plus 50% of the remaining net profits upon sale of our residential single-family homes within 3-5 months of each acquisition. This structure is available to qualified investors through a 36-month fund structure as well as through short-term liquid partnerships and joint ventures with the Dominion.
135 24th Avenue in St. Petersburg Florida is a 4 bedroom, 4 bath single family residence with approximately 3,135 sq. ft. of living area. The residence is one-story, sits on a 9,600 sq. ft. lot and was originally constructed in 1947. The home is of a Mediterranean style and is conveniently located to Downtown St. Petersburg. The home has various features and amenities including a luxury kitchen, custom wood cabinets, a gas range, and refinished hardwood. Exterior features include many exotic plant species, a 100+ year old oak tree, over 600 sq. ft. of deck space and an above ground spa. $400K
Mr. Korbatov is responsible for coordinating all legal and corporate governance matters as well as the commercial real estate focus of Dominion. Mr. Korbatov has had a 20 year career in real estate, focusing on development, management, governance, and real estate law. Over that period, he has acquired and developed numerous residential, commercial, and office properties. Mr. Korbatov was also one of the founding directors of the Los Angeles Downtown Property Owners Association, the governing body of the LA Fashion Business Improvement District (the “LAFBID”). Launched in January, 1996, the LAFBID was the first property-based business improvement district in Los Angeles.
Mr. Korbatov graduated from the University of Southern California in 1985 with a B.S. in Finance and Strategic Studies (Magna Cum Laude) and received his J.D. from the University of California, Berkeley (Boalt Hall) in 1988. He is also a licensed California real estate broker.
Mr. Cuha is responsible for the overall operations and management of Dominion and leads the residential real estate focus of the Partnership. His responsibilities include establishing policies, practices and standards, sourcing, underwriting and closing acquisitions and dispositions, developing and executing investment plans for all company investments and monitoring the investment performance of all properties.
From 2000 through 2007, Mr. Cuha was Chairman and President of Directlender.com. Launched by Mr. Cuha in early 2000, DirectLender.com quickly became one of the largest privately held Mortgage Brokerage/Real Estate companies in United States, with over 200 branch offices across the country. Prior to launching Dominion Partners, Mr. Cuha headed served as strategic advisor to Chase Merritt Residential LLC, a major distressed residential private equity firm.
Mr. Vanetik is responsible for leading and managing Dominion’s strategic growth and financial policies. In this capacity, he oversees equity financing, joint ventures, raising and structuring capital, and strategic planning. Mr. Vanetik is also responsible for investor and lender relations, maintaining and building relationships with investors and business partners.
In the past, Mr. Vanetik practiced corporate law with K&L Gates and later was a founding partner of Iger, Koehler & Vanetik, LLP, a law firm specializing in corporate governance, counseling boards of publicly traded companies and representing independent directors, and committees on which they serve. Mr. Vanetik received his B.A. in Legal Studies (Political Science, History, and Philosophy) in 1991 from the University of California, Berkeley, graduating Summa Cum Laude and Phi Beta Kappa and was valedictorian of his class. He earned his J.D. in 1998 from the University of California, Hastings and MBA from UCLA Anderson.
Mr. Eliopoulos is responsible for business development and investor relations matters involving the Partnership.
Mr. Eliopoulos began his career in the political field, in campaign offices on Capitol Hill and on K Street for an entertainment industry lobbying group. Eventually moving to the west coast, he served as the campaign manager to a successful political race in Beverly Hills before joining the Partnership. He is a 2007 graduate of Carnegie Mellon University, where he received a B.S. in Psychology with University Honors, and holds master’s degrees from Boston University and The Fuqua School of Business at Duke University.
Mr. Eliopoulos has served as the youngest member of the National Committee of the Boy Scouts of America since 2010 and on the Board of Directors for the Western Los Angeles County Council of the Boy Scouts of America since 2012. In 2013 he received the Outstanding Eagle Scout Award from the National Eagle Scout Association.