Lingerfelt
Lingerfelt is a privately held, family-owned real estate investment management firm founded in 1957, operating a vertically integrated platform that develops, acquires, and manages industrial, medical, multifamily, hospitality, office, and retail properties for institutional investors across the Mid-Atlantic and Southeast United States.
- Company typePrivate
- Founded1957
- HeadquartersRichmond, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Lingerfelt does
Lingerfelt is a privately held, family-owned real estate investment management firm headquartered in Richmond, Virginia, operating continuously in commercial real estate since 1957 across three generations. The firm runs a vertically integrated owner-operator platform that covers the full asset lifecycle — sourcing, underwriting, financing, development, project and asset management, accounting, reporting, and fund management — across six sector verticals: industrial and logistics, medical and life science, multifamily, hospitality, office, and retail. Deal sizes range from $15 million to over $200 million, with structures spanning all-cash acquisitions, traditional financing, joint venture equity, assumable financing, note acquisitions, and sale-leasebacks.
The firm serves two primary customer segments: institutional investors and capital partners (pension funds, sovereign wealth funds, insurance companies, private equity firms) who commit capital to Lingerfelt-managed funds and joint ventures, and commercial tenants requiring Class A industrial, medical office, multifamily, hospitality, and office space. Notable institutional capital relationships include a joint venture with Partners Group (~$185 billion AUM) that acquired and subsequently sold the $175 million Walthall-Northlake Industrial Portfolio. Named occupiers include UPS, Peco Pallet, Article.com, Shepherd Electric, Alfa Laval, MEI Industrial Solutions, and Richmond Heart & Vascular Associates.
Lingerfelt monetizes through real estate investment management fees, development yield spreads, construction margins, and transaction-related fees on acquisitions and dispositions. The firm operates Fund II, Fund III, and Fund IV with LP reporting through Juniper Square and Alter Domus portals. Geographically, the firm is concentrated in the Mid-Atlantic and Southeast United States, with active markets in Richmond, Hampton Roads, Jacksonville, Washington DC, Nashville, Atlanta, Charlotte, Orlando, and Greensboro. The firm has constructed, acquired, and managed more than 25 million square feet of commercial real estate valued at over $3 billion cumulatively.
Lingerfelt firmographics
Firmographics- Name
- Lingerfelt
- Legal name
- Lingerfelt Development, LLC
- Website
- https://lingerfelt.co
- Company type
- Private
- Founded year
- 1957
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Lingerfelt is a privately held, family-owned real estate investment management firm founded in 1957, operating a vertically integrated platform that develops, acquires, and manages industrial, medical, multifamily, hospitality, office, and retail properties for institutional investors across the Mid-Atlantic and Southeast United States.
- Ownership category
- akta.pro rank
Lingerfelt industry classification
Industry- Product category
- Commercial Real Estate Investment Management
- NAICS
- Offices of Real Estate Agents and Brokers (5312), Offices of Real Estate Agents and Brokers (53121), Offices of Real Estate Agents and Brokers (531210)
- SIC
- Real Estate Agents & Managers (For Others) (6531), Real Estate (6500)
- akta.pro primary industry
- Real Estate Investment Management (Acquisitions & Dispositions) (BPAJAMAK)
- akta.pro secondary industries
- Real Estate Portfolio & Fund Management (Institutional/REIT/PE) (BPAJAMAJ), Real Estate Strategy & Portfolio Consulting (Corporate/Institutional) (BPAJANAB)
Keywords
Where Lingerfelt is headquartered
LocationHeadquarters
- HQ city
- Richmond
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Lingerfelt business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Supply Chain, Technology or R&D, Marketing or Sales
Revenue model
- Real Estate Investment Management: Lingerfelt manages commercial real estate investments for institutional investors and partners, generating returns through property acquisitions, development, and dispositions across industrial, office, medical, multi-family, hospitality, and retail sectors in the Mid-Atlantic and Southeast US.
- Property Development: Ground-up development and build-to-suit projects generating development yield spread and construction margins. Projects span speculative industrial, medical office, multi-family, and hospitality developments.
- Acquisition and Value-Add Investing: Acquiring underperforming, value-add, and core-plus commercial assets with demonstrable upside potential through capital improvements and NOI growth via occupancy and tenant retention improvements.
Go-to-market motion2 records
Distribution channels3 records
Marketing channels4 records
Lingerfelt product offering
Product offeringCore offering
Lingerfelt is a vertically integrated real estate investment management firm that sources, acquires, develops, and manages commercial real estate assets across industrial, office, medical, multi-family, hospitality, and retail sectors in the Mid-Atlantic and Southeast US. The firm manages a portfolio valued at over $3 billion spanning 25+ million square feet, deploying capital through investment funds (Fund II, III, IV) and joint ventures with institutional investors and capital partners.
Product overview
Lingerfelt is a vertically integrated real estate investment management firm offering a unified platform spanning the full real estate investment lifecycle. The company operates through integrated service modules including Acquisitions (targeting value-add and core-plus commercial assets), Development (ground-up and build-to-suit across industrial, multi-family, medical, hospitality, retail, and office sectors), and sector-specific verticals covering Industrial & Logistics, Medical & Life Science, Multi-Family, Hospitality, Office, and Retail. The platform is supported by in-house property management, asset management, and capital markets capabilities. Since the 1950s, Lingerfelt and its predecessors have constructed, acquired, and managed a portfolio of more than 25 million square feet of commercial real estate valued at over $3 billion.
Differentiator
Problem solved
Functional benefit
Products and services
- Real Estate Investment Management Platform
Quantifiable outcome
- Portfolio valued at over $3 billion with 25+ million square feet of commercial real estate
- +3 more outcomes
Companies that use Lingerfelt
Customer profileNamed customers8 records
Segments5 records
Ideal customer profiles4 records
Lingerfelt technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Lingerfelt partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered core, major and minor.
- MiddleburgcoreMiddleburg, a vertically integrated real estate investment, development, and construction firm with $4.5 billion in completed transactions, partnered with Lingerfelt to develop the 390-unit Silas at West Hundred multifamily community in Chesterfield County, Virginia. This marks Middleburg's fifth ground-up development in the Richmond market since 2023.
- NewmarkcoreNewmark's Industrial Capital Markets team represented Lingerfelt in the sale of Ashton Logistics Park ($78.2 million) and Ashton Creek Distribution Center transactions.
- JLL (Jones Lang LaSalle)coreJLL's Industrial Capital Markets team represented Lingerfelt-Partners Group joint venture in the $175 million Walthall-Northlake Industrial Portfolio sale. JLL also serves as leasing and marketing partner for industrial projects.
- Range Commercial PartnerscoreRange Commercial Partners served as leasing and property management partner for multiple industrial portfolios including Walthall-Northlake Industrial Portfolio, Ashton Logistics Park, and handles marketing/leasing for White Oak Distribution Center and other industrial projects.
- ARCO Design/BuildmajorARCO Design-Build served as project architect and general contractor for Ashton Logistics Park development and as general contractor for White Oak Distribution Center and Port 801 projects.
- Townes Site EngineeringmajorTownes Site Engineering handled civil engineering for Ashton Logistics Park and serves as civil engineer for various development projects including the Richmond Heart & Vascular medical office building.
- Poole + Poole ArchitecturemajorPoole + Poole Architecture fully designed the Silas at West Hundred multifamily project prior to closing.
- SCOA Real Estate PartnersmajorLingerfelt and SCOA Real Estate Partners formed a joint venture for TriPoint Distribution Center development (347,760 SF), breaking ground in September 2024.
- RK&KminorRK&K serves as civil engineer for the White Oak Distribution Center development project.
Scale indicators5 records
Recent moves12 records
Expansion highlights6 records
Lingerfelt competitors and assessment
Company assessmentBroad incumbents
- JLL (Jones Lang LaSalle): Global commercial real estate services giant offering investment management, capital markets, leasing, and advisory. Comparable as Lingerfelt's active capital markets and leasing channel partner, representing the firm on industrial transactions across the Southeast.
- Greystar Real Estate Partners: Global leader in multifamily investment management, development, and property management with ~$320B in AUM. Comparable as a vertically integrated multifamily REIM with development capabilities overlapping Lingerfelt's multi-family vertical, though at significantly greater scale and geographic breadth.
- Newmark Group: Global commercial real estate advisory and investment management firm. Comparable as Lingerfelt's capital markets partner on major industrial dispositions including Ashton Logistics Park and Ashton Creek Distribution Center, and as a broader CRE competitor.
- CBRE Group: World's largest commercial real estate services and investment firm with global investment management capabilities. Comparable as a leasing and capital markets partner for industrial assets, and as a broader CRE platform competing for institutional mandates.
- Crow Holdings Capital: Dallas-based real estate investment manager with multi-billion AUM across industrial, multifamily, and office. Comparable as a vertically integrated REIM with institutional capital partners and multi-sector exposure across the Sun Belt, though at significantly larger scale.
Direct peers
- Range Commercial Partners: Virginia-based commercial real estate brokerage, property management, and capital markets firm specializing in industrial. Direct peer and active channel partner of Lingerfelt, providing leasing and property management for multiple industrial portfolios in the Richmond market.
- Middleburg Real Estate: Vertically integrated Richmond, VA-based real estate investment, development, and construction firm with $4.5B in completed transactions. Direct peer and active JV partner of Lingerfelt on multifamily developments, with overlapping sector coverage and Richmond market focus.
- Harbor Group International: Norfolk, VA-based vertically integrated real estate investment management firm operating across commercial and multifamily sectors with multi-billion AUM. Highly comparable as a Mid-Atlantic/Southeast-focused REIM pursuing value-add and core-plus strategies with institutional capital partners.
- Capital Square: Richmond, VA-based real estate investment management firm sponsoring Delaware statutory trusts and funds for high-net-worth investors. Comparable as a Richmond-based CRE investment manager raising institutional-style capital, though primarily multifamily-focused.
Emerging players
- Berkshire Residential Investments: Boston-based multifamily investment manager with vertically integrated capabilities and a multi-billion multifamily portfolio. Comparable as an institutional multifamily REIM with development partnerships, relevant to Lingerfelt's growing multifamily vertical.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
Lingerfelt social profiles
Digital presenceLingerfelt financial estimates
Financial estimateRevenue estimate
Valuation estimate
Lingerfelt leadership team
Management profileNumber of profiles
Profiles8 records
Lingerfelt subsidiaries and ownership
Company hierarchySubsidiaries1 record
Lingerfelt funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Lingerfelt M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Lingerfelt
What does Lingerfelt do?
Lingerfelt is a vertically integrated real estate investment management firm that sources, acquires, develops, and manages commercial real estate assets across industrial, office, medical, multi-family, hospitality, and retail sectors in the Mid-Atlantic and Southeast US. The firm manages a portfolio valued at over $3 billion spanning 25+ million square feet, deploying capital through investment funds (Fund II, III, IV) and joint ventures with institutional investors and capital partners.
Is Lingerfelt a public or private company?
Lingerfelt is a private company. It is classified as family owned and is currently operating.
When was Lingerfelt founded?
Lingerfelt was founded in 1957. It employs 11 to 50 people.
Where is Lingerfelt based?
Lingerfelt is headquartered in Richmond, United States, in the North America region.
How does Lingerfelt make money?
Three revenue lines are on record. Real Estate Investment Management is the primary driver. The others are property Development and acquisition and Value-Add Investing.
Who are Lingerfelt's main competitors?
Broad incumbents on record are JLL (Jones Lang LaSalle), Greystar Real Estate Partners, Newmark Group, CBRE Group and Crow Holdings Capital. Direct peers are Range Commercial Partners, Middleburg Real Estate, Harbor Group International and Capital Square. Berkshire Residential Investments is listed as an emerging player.
Does Lingerfelt have an API?
No public API is recorded for Lingerfelt.
What industry is Lingerfelt in?
Lingerfelt's product category is Commercial Real Estate Investment Management. Its primary akta.pro industry code is BPAJAMAK, Real Estate Investment Management (Acquisitions & Dispositions), with a secondary code of BPAJAMAJ, Real Estate Portfolio & Fund Management (Institutional/REIT/PE). Its NAICS code is 5312 and its SIC code is 6531.