Nov. 15, 2012
-- Jack Lingo, Inc. – REALTOR, Sussex County, Delaware’s leading real estate brokerage, is pleased to announce the launch of a new subsidiary, Jack Lingo Asset Management. Jack Lingo Asset Management was formed to continue the decades of successful developments executed by the Lingo family and provide a platform for high net worth and institutional investors to participate in attractive real estate opportunities throughout the Delmarva region.
The Jack Lingo Asset Management team has more than 100 years of combined real estate and finance experience, including development, financing, construction, and brokerage. The new platform provides asset management and development management services both for properties held in the family’s portfolio as well as for third party land owners. The team expands upon the Jack Lingo positioning as the market leader in real estate, and provides an added service to investors and property owners looking to enhance their investment returns.
JLAM suite of services includes development management, asset management, acquisitions, workouts and refinancing, and dispositions. In addition, the team works with individual investors to structure separate accounts tailored to specific risk/return preferences.
JLAM is currently gauging investor demand for one or more single and multiple property funds to capitalize on the recovering coastal real estate markets.