Lingerfelt

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.

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

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

• Commercial real estate
• Real estate investment management
• Property development
• Real estate acquisitions
• Industrial logistics development

Headquarters

HQ city

Richmond

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. 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.
2. 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.
3. 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

Core 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

Named customers8 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Nine partnerships are on record, tiered core, major and minor.

• MiddleburgcoreStrategic or Co-development Partner · 24 April 2026Middleburg, 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.
• NewmarkcoreChannel Partner/ Reseller/ DistributorNewmark'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)coreChannel Partner/ Reseller/ DistributorJLL'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 PartnerscoreChannel Partner/ Reseller/ DistributorRange 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/BuildmajorImplementation/ SI/ Consulting PartnerARCO 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 EngineeringmajorImplementation/ SI/ Consulting PartnerTownes 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 ArchitecturemajorImplementation/ SI/ Consulting PartnerPoole + Poole Architecture fully designed the Silas at West Hundred multifamily project prior to closing.
• SCOA Real Estate PartnersmajorStrategic or Co-development PartnerLingerfelt and SCOA Real Estate Partners formed a joint venture for TriPoint Distribution Center development (347,760 SF), breaking ground in September 2024.
• RK&KminorImplementation/ SI/ Consulting PartnerRK&K serves as civil engineer for the White Oak Distribution Center development project.

Scale indicators5 records

Recent moves12 records

Expansion highlights6 records

Broad 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

• LinkedInlinkedin.com/company/lingerfelt

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Lingerfelt