Biography
Robert M. Dominy Jr.
Robert M. Dominy Jr. founded Seagrass Realty Advisors on January 2, 2026. The company will focus upon commercial real estate brokerage, commercial leasing, commercial advisory especially as it concerns repositioning, construction and dispositions. Seagrass will operate in Northern Florida, Georgia and in South Carolina and will be based in Savannah.
Over the first 40 years of his career, Mr. Dominy has owned, managed and invested in over 45,000 residential units. He has also managed commercial space, retail, hotels, restaurants specialty purpose space.
In 1985 Mr. Dominy’s career first took on prominence when he became Northeast Regional Director for General Investment and Development in Boston, Massachusetts. Over the next 9 years, he directed operations for over 4,000 multifamily units situated in New England, Pennsylvania and New York. During that time in some years he produced 67% of the profits while managing 33% of the assets.
In 1994, Mr. Dominy was recruited away from GID and assumed control over the Mid-Atlantic region for Winthrop Financial. At the time that he assumed the reins, that 10,000 unit portfolio was considered unfixable by some. However, in 1995, his first full year at the helm, he increased NOI portfolio wide by 15.5%, the best in the company.
In 1996, Mr. Dominy was recruited away once again, and became Chief Operating Officer at GDC Properties in Westchester County, New York. As COO, Mr. Dominy increased the NOI company wide by 10.6% in year one and then by 14.1.% in year two. He also increased the company’s Net Cash Flow from ($533K) to $2.8M over this period of time. He further turned around two troubled assets, one a 650 unit community in Tampa and the second a 1,200 community in Pittsburgh. The Tampa property which previously been valued at $12M with $11M in debt was sold for $16,650,000. The Pittsburgh property, which had been valued at $16M with $16M in debt, was sold for $20.1M. The success of their turnaround was the genesis of a new, financially viable company.
In 1998, Mr. Dominy was recruited by PRG Real Estate Management, Inc. based in Philadelphia to become its Sr. Vice President. At the time, PRG consisted of only nine assets, and 3,300 units, stretching from Pennsylvania to Florida. The firm, which had just established its own management company, grew over the next 10 years to 42 properties, 12,200 units, with over 400 employees. In 1999, Mr. Dominy increased NOI by 25.2%, which was the catalyst for this explosive growth. By March of 2005, Mr. Dominy was promoted to President of the company. Over the next four years the company completed the acquisition of 29 properties. When Mr. Dominy had joined the
company in 1998, it estimated its value at $18M. However, by his departure in 2009, the company estimated its value at $281M.
In early 2009, Mr. Dominy was approached by a Philadelphia based private equity firm with a troubled real estate portfolio for the purpose of creating a new management company. Over the next three and a half years, the company grew to 39 properties, 10,700 units and had 320 employees. In successive years, under his direction the portfolio NOI grew by 10.6%…then by 10.5%….and finally by 11.3%.
In 2014, Mr. Dominy created his own, value add boutique investment company which he operated until 2026. Some of the company’s successful investments included Ashley Wood in Macon which produced a 24.05% IRR, Whispering Woods, also in Macon which produced a 12.25% return, and The Groves Hedgemoor and Groves N. Highland, both in Memphis and both of which produced a 27.1% IRR.
Mr. Dominy holds a B.A. in Communications from Evangel University, and an MBA in Marketing from Babson College. Babson has been rated the #1 college in the country in Entrepreneurship for the past 28 years. It is also ranked the #2 college or university in the country by The Wall Street Journal. Mr. Dominy is an active real estate broker in Georgia and in Florida. In the past he has held broker licenses in Alabama, Maryland and Pennsylvania. After many years of service in the Boston real estate community, he became First Vice President of the Greater Boston Real Estate Board, RHA ins 1994. And he was chairman of the Advisory Board to Florida State University, College of Human Sciences, from 2005-2007. At the time, Florida State had the largest property management school in the nation.