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Jack Lingo Asset Management Launches Highly Anticipated Showfield Project In Lewes, De
JLAM recently completed a private placement, securing more than $15 million in equity capital from a combination of high net worth and private fund investors. The offering was fully-subscribed.
The Showfield community is designed to provide buyers with large lots (on which they can design and build their own home) in an unmatched location in close proximity to Cape Henlopen State Park, downtown Lewes, the Atlantic Ocean, and Delaware Bay. The community will feature a clubhouse renovated from a historic horse barn, wooded walking trails, and numerous ponds. Prior to its acquisition, JLAM secured all county and state agency approvals for the development of the property.
The partnership will install the community infrastructure, amenities, manage all other land development activities, and has engaged Jack Lingo – REALTOR as the exclusive listing agent to market and sell lots. The project site construction will begin in November of this year, and interested parties can begin making lot reservations in the near future. More information is available at the project website – www.showfieldde.com.
Jack Lingo Asset Management is the market leader in land entitlement and development activities. Through a series of investment programs it represents a broad range of capital sources, including high net worth and institutional investors. JLAM focuses on creating value at each stage of the development process, while leveraging the team’s 100+ years of combined real estate and finance experience, to deliver successful projects and generate positive returns.
JLAM is currently setting plans in motion for future investment projects in the Delmarva region to continue capitalizing on the recovering market and meet growing investor demand for land development opportunities.
For more information on the company and its portfolio, please visit www.jacklingoam.com.