At times, we can’t find the perfect property, well suited for a value-add investment. But we can create the perfect property, and frequently at a lower cost than acquiring an existing asset.
Development is not new to Lloyd Jones. The firm’s predecessor companies were once among the largest tax credit developers in the country. Their 30+ projects included numerous award-winning historic renovations, senior and family communities, and luxury condominium projects, as well as over 20 facilities for the United States Postal Service.
Heading the development division is Jamie Telchin who has a proven track record of leading the development/redevelopment process for approximately 1,500,000 square feet of vertical construction across twelve projects and $800 million in total development costs.
When Lloyd Jones acquires an existing property, underwriting assumes the implementation of a value-add campaign. Professional, experienced construction management is required to budget and execute the plan. Our construction management teams are fully versed in structural and mechanical systems and building codes to ensure a smooth renovation process.