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
Chris coudriet

2020: A Year Of Action, Initiatives In New Hanover County

Chris Coudriet - New Hanover County Government
Hardy revised

UNCW School Of Social Work Hosts Child Welfare Simulations

Charles Hardy - UNCW College of Health and Human Services
Carolinemontgomery4

Don't Procrastinate - How Waiting To File Your Taxes Can Hurt You

Caroline Montgomery - Adam Shay CPA, PLLC

Trending News

Intracoastal Buys Bald Head Island Ltd.’s Housing Sales Business

Cece Nunn - Feb 18, 2020

Earth Fare Shares Layoff Numbers, Additional Closure Details

Cece Nunn - Feb 17, 2020

For Hospital, Another Pedestrian Bridge, Parking Deck Planned

Cece Nunn - Feb 19, 2020

Rounds Golf & Lounge Brings Ledo Pizza To Wilmington

Jessica Maurer - Feb 19, 2020

Quality Chemical To Grow Sister Company In Wilmington

Christina Haley O'Neal - Feb 19, 2020

In The Current Issue

Apple Trip Highlights Education, Tech

While very much a local issue, what to do with New Hanover Regional Medical Center is gaining attention from the state level....


Propelling ILM's Future

In the decades since, ILM’s route map has opened up as passenger levels increased and additional airlines came, but airport officials say th...


Drawing On Leadership Skills

LS3P’s Laura Miller has had a hand in many projects over the course of her nearly 20- year career as an architect. But her passion for the i...

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

2019 Health Care Heroes
August 26, 2019 Power Breakfast: A Healthy Sale?
2019 WILMA Leadership Accelerator
2019 WilmingtonBiz Expo Keynote Lunch - CEO, nCino, Pierre Naude`