About
Dominion Partners Opportunity Fund is a Delaware limited partnership organized for the purpose of making real estate investments. Our Partnership is a blind pool fund which invests in the real estate industry, focusing on commercial, residential, industrial, multi-family, non-performing notes, mortgages and other debt instruments relating to real estate assets that we believe are fundamentally valuable, but are undervalued due to current market conditions and, accordingly, present attractive growth opportunities.
We may invest in projects directly or through one or more subsidiaries.
Our Partnership is managed by Dominion Asset Management Partners, a Delaware limited liability company, to which we often refer to as the Manager. Each of the General Partner and the Manager is a wholly owned subsidiary of Dominion Development, LLC, a Delaware limited liability company. Dominion Partners is a real estate investment company whose principals bring to bear over 75 years of combined leadership experience ranging from ground up development to property and asset management, as well as the opportunistic purchase and disposition of real estate-related assets.
The Partnership has been formed to make real estate investments over a 36-month period taking advantage of both residential and commercial real estate related opportunities that are currently undervalued due to the current market conditions.
We seek out real estate projects that we believe are sound but undervalued due to current market conditions and, accordingly, present an attractive growth opportunity. The current distressed economic environment in the United States is characterized by businesses and people struggling in the midst of approximately $1.4 trillion in commercial real estate loans coming due from 2011 to 2014, according to a Congressional Oversight Panel report. We believe that this distressed economic environment is the result of a variety of factors, including loose underwriting standards at many financial institutions, bank closings resulting in faded loan commitments, balloon payments at the end of loan terms exceeding the value of the underlying assets, and excessive borrowing by companies and individuals. We believe that these factors may be exacerbated by inflationary trends resulting from monetary policies recently enacted by the United States government. The deterioration in economic conditions presents unique investment opportunities for certain individuals and entities, such as Dominion Partners.
The Partnership expects to opportunistically consider and pursue investments from various sources, including distressed owners, in any number of asset classes, which may include, among others, income producing and non-income producing, residential and commercial real estate assets, such as;
• Residential properties
o multi-family apartment complexes;
o single-family houses;
o condominium complexes; and
o residential construction sites.
• Commercial and Industrial properties
o multi-purpose office complexes;
o hotels and hospitality facilities;
o shopping centers;
o mixed-use developments;
o warehouse and distribution facilities;
o assembly and manufacturing facilities; and
o research and development facilities
The Partnership expects to make investments directly and/or through subsidiaries to be formed in the future and/or strategic partnerships, including joint ventures. The Partnership’s investments will either be quickly sold for a profit, or renovated, and in some cases rented out for a period of time, and then sold. Stabilized projects might also be packaged and sold in a bundle and/or packaged into a blanket loan to obtain best possible returns for our investors.
The Partnership targets investments with a total capitalization of between $200,000 and $15,000,000. The Partnership also generally target entrepreneurial transactions that exhibit current cash flow potential or may benefit from rigorous “value-added” asset management. In addition, the Partnership may focus on well-located properties that exhibit correctable problems related to tenancy, physical condition, capital structure, market position or management, whereby the Partnership would seek to exploit the operational inefficiencies inherent in assets of this nature, 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. Our investments may also include complex transactions that require an experienced team with operational skills, capital markets knowledge transaction structuring, back-office support, and relationships necessary to increase the value for our investors.
The Partnership may also target for investment:
• raw land for ground-up development;
• broken projects, failed condominium conversions, unfinished building construction, and/or builder closeouts;
• mortgages and other debt instruments relating to real estate assets;
• interests in joint venture development projects, real estate operating companies, private companies that own or manage real estate and other real estate-related assets and operating businesses; and
• NPNs that the Partnership believes to be in a pre-foreclosure or foreclosure stages of the foreclosure process.
Dominion Partners Corporate Social Responsibility (CSR)
Is a form of corporate self-regulation integrated into a business model. The goal of CSR is to embrace responsibility for the company’s actions and encourage a positive impact through its activities on the environment, consumers, employees, communities, stakeholders and all other members of the public sphere.
Here at Dominion Partners, we are always looking for ways to genuinely contribute to the social good. We are focused on helping local and national Non-Profit’s implement strategic, and sustainable efforts with neighborhood stabilization, community support, and. The company supports these efforts through the following activities:
Housing Stabilization. Promote home ownership for low to medium income families through neighborhood charities. This program provides a scalable process for the transfer of foreclosed, and distressed properties in neighborhoods across the nation.
Corporate Citizenship. Is a central part of our corporate culture. For example our foundations and founders support cultural projects both nationally and around the globe.
Center for Global Change. Founded in 2008 by Aaron Cuha, the Center for Global Change was created to provide assistance to the abused, neglected, and underprivileged orphans in the United States and around the world. C4GC supports individuals, programs, and organizations that truly enrich the lives of the impoverished. Our goal is simply to satisfy the most fundamental human needs that we so often take for granted.
Vanetik Foundation. Founded in 2010 by Yuri Vanetik, the Vanetik Foundation is a philanthropic organization committed to assisting a broad array of organizations and individuals that are working to make a positive and real difference in the world.
Corporate Social Responsibility plays an important role within Dominion Partners. We place great emphasis on sustainable business. Relations to our staff as well as staff conduct should satisfy the ethical standards which we have laid down in our Code of Conduct. Our staff can rely on our support for their professional and personal development and education, which is all the more natural with regard to our high professional expectations. Furthermore we pay close attention that the conduct of our business contributes to promoting and sustaining a strong and healthy environment worth living for us and future generations.