About Seagrass Realty Advisors, LLC
Seagrass Realty Advisors, LLC, is a company which was created on January 1, 2026! As a successor to our previous organizations where we acquired and managed apartment communities of our own, at Seagrass we are committed to commercial real estate sales, leasing and advising on the repositioning of assets. We will also manage communities on a third party basis provided that they are located in Georgia, which is where we are based, in South Carolina and in the Northern part of Florida. We currently own communities in Georgia, Mississippi and in Texas but are in the process of disposing of those assets.
Seagrass was created by Robert M. Dominy, who has previously managed, invested in and owned over 45,000 units from Boston to Sarasota, and from Houston to Chicago. In fact, Mr. Dominy and the team of real estate professionals which he has assembled have managed, acquired, improved, repositioned, refinanced and disposed of apartment communities at substantial profits in virtually every major market east of the Mississippi, and as far west as Texas. We have recently moved our corporate headquarters to Savannah, Georgia to be more centrally located relative to the markets where we see the best growth opportunities.
Seagrass Realty Advisors specializes in making value add investments outperform. In addition to adding value through the installation of outstanding management practices, we also enhance financial performance through performing renovations, which at times can be extensive but can also be limited and targeted.
At the organization previously established by Mr. Dominy, the year 2021 as an example was an extremely successful one. Across our operations, our same store NOI increased by 20.9%. We sold our investments in Memphis for a 27.5% IRR. We refinanced Fondren Hill in Jackson, and returned 50% of all equity just 28 months after purchase of the asset. We acquired four communities, all in Valdosta, Georgia. Those included 1700 Williams, 416 Baytree, 200 West Mary and 1230 Sustella. All four communities are student properties, and all are situated in “A” locations, within walking distance to Valdosta State University.
In the year 2026, we intend to sharpen our focus upon a concentrated geographic area within a couple hundred miles of Savannah. In our home markets, we see a tremendous amount of opportunity to reposition assets and realize substantial gains. And that can be expected to lead to the disposition of assets through Seagrass at substantially higher profits than otherwise might be achieved. Let us show you how this can be done!
CNBC Appearance
Bob’s interview
News Highlights
Repositionings
Acquisitions
Chasseur Realty Investors, LLC benefits from a management team with extensive acquisitions experience dating back to 1982 with the acquisition of two high rise buildings in Philadelphia. Since those early days, our team has been heavily involved in the acquisition of multifamily communities in virtually every major and in many second tier markets east of the Mississippi and in the state of Texas.
We prefer value add assets which most likely will be in the vintage of the 80’s and 90’s. We place heavy emphasis upon location, and seek “C” assets in “B” neighborhoods, and “B” assets in “A” neighborhoods. We also place heavy emphasis upon site plan, and prefer communities which afford us the opportunity to add value through the beautification of the exterior, where frequently the greatest value can be added at a lower cost. We invest in first as well as second tier markets, acquire properties ranging from 50 to 150 units, and cost from $5M to $15M. Our typical hold period ranges from 3 to 5 years.