Jack Lingo Asset Management is shaping the future of Southern Delaware, and beyond, while offering strategic wealth building solutions for its investors
Written by Joe Willey
Team Photos by Grant L. Gursky
Acquiring wealth is often seen as a daunting and nearly unattainable goal. And private real estate investing can be an even more frightening way to build wealth than riding the stomach tightening wave of stock investing. But since its founding in 2011, Jack Lingo Asset Management (JLAM) in Rehoboth Beach, Delaware, has proven that with talent and creativity, opportunities are plentiful, and the rewards are great.
TRIED AND TRUE
JLAM’s desirable communities in Delaware and Maryland are examples of the company’s organizational philosophy of creating and investing in places where people want to be.
Private real estate investments have historically been a strategy of large institutions, but JLAM has created vetted wealth-building opportunities for a wider group of investors. The firm has hands-on experience in real estate, including design, development, construction, property management, brokerage, and finance. Doug Motley, CFA, one of the firm’s two managing principals, knows the intricacies and opportunities associated with real estate investments.
Motley was born in Dover, DE, and spent summers in Dewey Beach. He grew up with a head for numbers, enjoying the order of equations. Math made sense to him. After graduating from the University of Delaware, his obvious choice was a job in the banking industry. But his experience made him more excited about investments as a career. Since Motley grew up with a modest financial background, investments have a purpose beyond a spreadsheet or a stock portfolio. Investing is about the individual and their personal goals. “I love the opportunity to help people build wealth,” he says.
The firm’s real estate investment strategies provide qualified investors with deal-by-deal wealth-building solutions that are tax efficient and come without the hard work involved in owning private properties that require around-the-clock personal attention. JLAM’s approach allows an investor to be part of much larger deals than they could typically accomplish on their own.
The business of building wealth through real estate investment and development has guided the team’s strategy for over a decade. Since 2011, JLAM has deployed over $400 million in capital, created more than 2,500 lots and developed more than one million square feet of commercial space. The firm has witnessed the f luctuation of the real estate market and experienced nearly every type of market trend. JLAM projects stand apart from other investment opportunities because the firm is meticulous, paying attention to f ine details that create desirable properties and strong returns.
Managing Partners Doug Motley, CFA, and Nick Hammonds
The current residential real estate market is seeing a reduction in inventory that will likely take decades to correct but will provide many compelling long-term investments for savvy investors. Delaware sees its population increase each year. The projected housing shortage will only grow and continue to create opportunities for gain.
While there is always risk in any investment, JLAM has the experience and knowledge to mitigate the uncertainty. Motley says, “Finding ways to de-risk transactions is what we strive to do.” The firm’s completed projects have delivered an average Net Internal Rate of Return of over 19 percent, an average of 1.9 times Net Multiple return, and surprisingly, no losses.
Instead of seeing building wealth through private real estate investment as an alchemy of luck and capital, Doug Motley and the Jack Lingo Asset Management team prove that expertise, dedication to quality and a passion for details bring lasting results. For the right investor, JLAM is a partner that pays as much attention to building relationships as it does to building wealth. CS