Print
Real Estate - Commercial

Real Estate Investment Firm Expands In Wilmington

By Cece Nunn, posted Nov 8, 2019
LP Equity LLC moved to larger office space at 1838 Sir Tyler Drive. (Photo courtesy of LP Equity LLC)
A real estate investment firm based in the Port City expanded recently by moving to larger office space and adding employees to its team.

LP Equity LLC, whose partners have invested at least $60 million in 32 states since 2005, moved from Airlie Road to about 3,500 square feet in Suite 203 at 1838 Sir Tyler Drive. The move more than doubled the firm's office space, said Jay Landen, principal of LP Equity LLC.

The company, which is based in Wilmington but also has an office in Washington, D.C., does not have local investments but recently purchased commercial interests in Raleigh, Greensboro and Winston-Salem. Its primary markets are the Northeast and the Mid-Atlantic and it has a team of 11, five partners and six staff members.

"We buy limited partnership interest in syndicated real estate partnerships, so we invest in multifamily housing, office buildings, industrial space, medial space but primarily multifamily," Landen said. "We recently expanded into other commercial sectors, which is what caused the need to expand our staff and expand our office footprint to accommodate some of that."

The company is diversifying its portfolio, he said.

"We have holdings in over 200 different partnerships now," Landen said, "and we're working to expand into different markets and broaden our scope in terms of the assets that we invest in."

The company brought on new employees, Kurt Geller and Bailey Perry, "to accommodate the growth and ensure that LP Equity had the resources to diligently service limited partners and their advisors before and after transactions," according to a news release on the company's website.

Perry joined as a research assistant to help identify target markets for limited partnership acquisitions and to streamline the firm's closing process, according to the release.

Geller is an acquisition specialist, helping to facilitate acquisitions and financial analysis of limited partnership interests.  He heads up LP Equity’s efforts to serve as a resource in assisting limited partners who are exploring charitable opportunities with non-profit organizations and institutions. 

"Through working with limited partners, advisors and charities, we are able to explore strategies that would allow for the most efficient and effective way to donate limited partnership interests and help further the mission of the organization," the release stated.
Ico insights

INSIGHTS

SPONSORS' CONTENT
Dallas headshot 300x300

Where To Start

Dallas Romanowski - Cornerstone Business Advisors
Tonyharrington wrar300x300

Wilmington Real Estate In 2020

Tony Harrington - Cape Fear REALTORS®
Headshot2 3182020512

Strategies For Increasing Energy Efficiency In A Home

Chris Jones - Green Dot Heating & Air

Trending News

On Oleander Drive, Former Skating Rink Rolls Toward Next Use

Cece Nunn - Aug 7, 2020

Business Owners React To Extended State COVID-19 Restrictions

Christina Haley O'Neal - Aug 6, 2020

NHRMC Programs Receive Several Accolades

Staff Reports - Aug 7, 2020

NCino 'on Fire'

Jenny Callison - Aug 7, 2020

N.C. Ports Sees Traffic Increase At The Wilmington Port

Christina Haley O'Neal - Aug 7, 2020

In The Current Issue

Meet This Year's 2020 CEA Winners

Who would you invest $100,000 in? That’s one of the pieces of advice we give our Coastal Entrepreneur Award judges each year when they’re fa...


On A Roll Logging Lab Data

Jeremy Sikorski wanted to find a better way to log lab data, so he approached Daniel Summers, a software engineer, to see if he could standa...


A Pipeline To Software Growth

Epiphany Software Corp. has created QuickPlumb, a software application that creates diagrams and 3D views of new construction and renovation...

Book On Business

The 2020 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

2020 Leadership Accelerator: Virtual Workshops for Real Leaders
2019 Health Care Heroes
August 26, 2019 Power Breakfast: A Healthy Sale?
2019 WilmingtonBiz Expo Keynote Lunch - CEO, nCino, Pierre Naude`