MIAMI — Lloyd Jones has named Steven Druth its chief operating officer of property management. Druth brings over 30 years of real estate experience to the Miami- based, real estate private equity firm.
As a commercial brokerage and management specialist, Druth operated his own Boston based firm for ten years before moving to Manhattan’s largest independent real estate agency.
“I am very excited about my expanded role at Lloyd Jones and look forward to further increasing efficiency and resident satisfaction at all of our properties,” said Druth.
Throughout his career, operational efficiency and strategic leadership have been the trademark skills that Druth will now add to the Lloyd Jones executive team.
“I’ve known Steve for many years and his people management skills are exceptional,” said Lloyd Jones chairman, Chris Finlay. “With his extensive experience in our industry, I am very confident that he will take our operating platform to a new level.”
 
About Lloyd Jones
Lloyd Jones is a private-equity real estate firm that specializes in the multifamily and senior housing sectors. Building on thirty-eight years in the real estate industry, the firm acquires, improves, and operates multifamily real estate in growth markets throughout Florida, Texas, and the Southeast. Its investors include institutional partners, family offices, private investors, and its own principals.

Private Equity Real Estate Firm Expands Its Texas Presence

MIAMI – Lloyd Jones Capital, a Miami-based multifamily investment firm, has announced the appointment of Neil Bertrand, vice president of acquisitions. Neil will lead the company’s acquisition effort for the Texas market.

“The addition of Neil to our team is instrumental as we continue to seek acquisition opportunities in Texas, one of our key strategic markets,” commented Chris Finlay, Lloyd Jones Capital, chairman and CEO.

Neil Bertrand’s 20-year real estate career includes positions with four of National Multifamily Housing Council’s Top 50 Firms. Throughout the course of his career, Neil has been responsible for the oversight of conventional, tax credit, senior housing, and student housing portfolios. Neil has led projects including acquisition analysis, due diligence, renovation, new construction, and lease-up of assets in Texas, Arizona, New Mexico, Oklahoma, Louisiana, Arkansas, Missouri and North Carolina.

“I am excited to join the Lloyd Jones Capital team. With a successful history of more than 35 years in real estate, the company continues to produce positive results for its investors. Leading the state’s acquisition efforts should yield long-term results as Texas continues to lead the nation in employment growth,” remarked Neil Bertrand.
Neil attended Lubbock Christian University in Lubbock, Texas, and holds the Certified Apartment Portfolio Supervisor (CAPS®) designation from the National Apartment Association. He is also an Accredited Residential Manager (ARM®) and a Certified Property Manager (CPM®) Candidate with the Institute of Real Estate Management.

About Lloyd Jones Capital

Lloyd Jones Capital is a private-equity real estate firm that specializes in the multifamily sector. With 37 years of experience in the real estate industry, the firm acquires, improves, and operates multifamily real estate in growth markets throughout Texas, Florida, and the Southeast. Lloyd Jones Capital provides a fully integrated investment/operations platform.  Its property management arm partners with the investment team to provide local expertise in each of its markets.

Headquartered in Miami, the firm has offices throughout Texas, Florida, and the Southeast, plus New York City.  The firm’s investors include institutional partners, private investors, and its own principals. For more information visit: lloydjonesllc.com.

MIAMI –  Lloyd Jones Capital, a Miami-based multifamily investment firm, has acquired the Deerwood Park apartment community in Jacksonville, Florida. The property is located in the Deerwood Office Park on Touchton Road, home to 5.2 million square feet of office space and the largest employers in the MSA. Residents of Deerwood Park enjoy an address that offers a live, work and play lifestyle in Southside, one of Jacksonville’s most desirable neighborhoods.

The 282-unit acquisition brings the Lloyd Jones Capital multifamily portfolio to nearly 5,000 units spread across Texas, Florida, and the Southeast.

“We are elated with the acquisition of Deerwood Park. Jacksonville is a key market for us and Deerwood Park is a value-add asset with tremendous upside opportunity,” commented Chris Finlay, chairman and CEO of Lloyd Jones Capital. “Lloyd Jones Capital plans to enhance the property with a value-add program that we anticipate will yield rent and occupancy growth for our investors.”

Built in 2002, the gated property offers one-, two-, and three-bedroom apartments with highly sought-after amenities including attached garages, a resort luxury style pool, outdoor kitchen with gas grills and a dog park.

Deerwood Park will be managed by Finlay Management, the operations group at Lloyd Jones Capital.  Finlay Management is an Accredited Management Organization (AMO®) as designated by the Institute of Real Estate Management (IREM®) and has a 37-year history in the industry.

About Lloyd Jones Capital
Lloyd Jones Capital is a private-equity real estate firm that specializes in the multifamily sector. With 37 years of experience in the real estate industry, the firm acquires, improves, and operates multifamily real estate in growth markets throughout Texas, Florida, and the Southeast. Lloyd Jones Capital provides a fully integrated investment/operations platform.  Its property management arm partners with the investment team to provide local expertise in each of its markets.
Headquartered in Miami, the firm has offices throughout Texas, Florida, and the Southeast, plus New York City.  The firm’s investors include institutional partners, private investors, and its own principals. For more information visit: lloydjonesllc.com.

MIAMI –  Lloyd Jones Capital, a Miami-based multifamily investment firm, has purchased the Jackson Square apartment community in Tallahassee, the Florida state capital. The property is located at 1767 Hermitage Boulevard which connects Thomasville Road and Capital Circle, NE, just south of I-10. The 242-unit acquisition brings the Lloyd Jones Capital portfolio to 4,500 units spread across Texas, Florida, and the Southeast.

Says Chris Finlay, chairman/CEO of Lloyd Jones Capital, “This is a well-maintained property, with every amenity, in one of the best neighborhoods of Tallahassee.  We expect it to provide steady income and capital appreciation for our investors.”

Built in 1996, the property offers one-, two-, and 3-bedroom apartments; garages; and a modern clubhouse that includes an interior racquetball court.  Lloyd Jones Capital will continue a value-add program initiated by the previous owner. Finlay adds, “Our local teams scour Texas, Florida, and the Southeast for good investment properties; they are hard to find. Jackson Square is one of the best.”
According to Finlay, property management will be handled by Finlay Management, the operations group at Lloyd Jones Capital.  Finlay Management is an Accredited Management Organization (AMO®) as designated by the Institute of Real Estate Management (IREM®) and has a 37-year history in the industry.

About Lloyd Jones Capital
Lloyd Jones Capital is a private-equity real estate firm that specializes in the multifamily sector. With 37 years of experience in the real estate industry, the firm acquires, improves, and operates multifamily real estate in growth markets throughout Texas, Florida, and the Southeast.
Lloyd Jones Capital provides a fully integrated investment/operations platform.  Its property management arm partners with the investment team to provide local expertise in each of its markets.
Headquartered in Miami, the firm has offices throughout Texas, Florida, and the Southeast, plus New York City.  The firm’s investors include institutional partners, private investors, and its own principals.
For more information visit:  lloydjonesllc.com.

MIAMI, Fla.-– Finlay Management, Inc., a private multifamily property management firm with offices in Florida, Texas, and South Carolina, has announced the appointment of Holly Costello as president and chief operating officer.

Costello is a 25-year veteran of the multifamily real estate industry and has held executive-level positions with some of the nation’s leading property management firms. “Holly brings a wealth of experience and exciting new ideas to Finlay Management,” says Christopher Finlay, chairman and CEO.

Costello’s long career includes nine years at Balfour Beatty, where she was vice president of both the multifamily and Navy military divisions. Earlier she had served as senior vice president with Walden Residential where she was instrumental in positioning the 24,000-unit portfolio for a successful market offering. Her expertise covers all residential asset classes including affordable, conventional, student, and military housing. Her management portfolios have included new construction/lease-ups, troubled receiverships, and major renovations.

According to Christopher Finlay, Finlay Management serves as the operations division of its affiliated multifamily investment firm, Lloyd Jones Capital. He explains, “Operations is the most critical component of a successful multifamily investment. Our investors will appreciate Holly’s extensive management background and her understanding of real estate investment.” Holly will sit on Lloyd Jones Capital’s executive and investment committees.

Costello holds a Certified Property Management (CPM®) designation and was the 2016 president of the West Coast Florida chapter of the Institute of Real Estate Management (IREM®). She has held executive board positions with the Bay Area Apartment Association, Florida State University Executive Real Estate Committee, Urban Land Institute Multifamily Council, and the University of Florida Bergstrom Council. She attended the University of South Florida and Florida State University and holds numerous management, tax credit compliance, and appraisal designations.

FINLAY MANAGEMENT, INC.
Finlay Management, Inc. is a private multifamily property management firm with almost forty years of experience in the market-rate, senior and affordable housing sectors. The firm holds the esteemed Accredited Management Organization (AMO)® designation from the Institute of Real Estate Management (IREM)®. Finlay provides property management services to its affiliate, Lloyd Jones Capital, a multifamily real estate investment firm with offices in Texas, Florida and South Carolina.
MEDIA CONTACT:
Samantha Savory
Director of Marketing/PR
Lloyd Jones Capital
Ssavory@lloydjonescapital.com
O: 305.415.9910

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If you are reading this blog, you are most likely interested in accruing wealth through savvy investment strategies. There are lots of places to put your money; investing is not really the issue. The issue is: what investment options are best for preserving your wealth?
One answer is real estate.

It is said that 90% of the Forbes 400 index of the world’s wealthiest people either made or retained their wealth through real estate. But not just any real estate. These people own high-quality, income-producing real estate, like apartment communities and office buildings. The ultra-wealthy hold real estate long term, because they know that is how to preserve their wealth.

Your luxury home, your Alpine ski chalet, and your “investment” condos in New York and Miami may (if you are lucky) provide some asset appreciation when you sell them, but in the meantime, they are costing you more than you will recoup. My advice: Enjoy them, but do not count on them to preserve your wealth. Do not expect them to be long-term wealth enhancers.

I just read an ad for an exotic car rental company called Lou La Vie. What a great philosophy! Rent the things that add to your enjoyment of life. Whether it’s cars or boats or condos, you can rent them when you want them, and that’s a lot cheaper than owning. But buy future security.

And now is the perfect time. I’ve been in the real estate business for almost 40 years and I’ve never seen a better opportunity to invest in multifamily (apartment communities) real estate in the U.S. Home ownership is at its lowest rate in years, and apartment living is soaring, both for renters by choice and renters by need. U.S. demographics point to continuing demand for rental housing.
Why? Just look at the traditional American first-time home buyers.

They are not buying homes:
1) They are burdened with large student loans and other debt. Unable to find jobs after college, they went to back to school.
2) They don’t have the money for down payment on a home.
3) They are delaying marriage and starting a family which is a driving factor in home ownership.
4) They want flexibility for employment purposes to move to a new job.

So they are renting. And, interestingly enough, so are their parents and grandparents as they down size or retire.

There are many more reasons to choose multifamily real estate to supplement your investment portfolio: on-going income, asset appreciation and tax advantages. Plus, real estate has outperformed all other asset classes over the past 12 years, and its value does not rise and fall with the stock and bond markets. And interest rates!  Right now, with low interest rates, we can leverage funds to provide the greatest returns.

I could go on and on about the advantages of multifamily real estate. If you would like to discuss it, don’t hesitate to contact us at info@lloydjonescapital.com.

By the way, there are several ways to invest in real estate. At Lloyd Jones Capital, we offer direct investment (as opposed to a REIT which is like buying stock). We have funds that we co-invest with major institutional partners for maximum leverage; we have individual property investments, and we have funds that target specific categories such as workforce housing. Or we can help you acquire a property and become your asset manager to protect your investment.
Good asset management is one of the keys to successful multifamily investing. But the most important, after analyzing and choosing a property, is the day-to-day property management of the asset. Lloyd Jones Capital partners with its sister company, Finlay Management, Inc. to oversee the operations and maintenance. Finlay Management has been in the business since 1980 and is an Accredited Management Organization.

Let me leave you with this reminder: Rent lifestyle; but for wealth preservation, purchase a quality, U.S. apartment complex.

Christopher Finlay is Chairman/CEO of Lloyd Jones Capital, a private-equity real-estate firm that specializes in the multifamily sector. With 35 years of experience in the real estate industry, the firm acquires, manages and improves multifamily real estate on behalf of its institutional partners, private investors and its own principals. Headquartered in Miami, the firm has operations throughout Texas, Florida and the Southeast. For more information visit: lloydjones.wpengine.com.