JLAM’s Recent Disposition in Sussex County, DE

Somerton Chase

REHOBOTH BEACH- Jack Lingo Asset Management (JLAM) is pleased to announce we recently sold a 202-lot residential development in Coastal Delaware. For this investment, we were able to leverage our sourcing & entitlement capabilities to acquire this property at an amazing basis, design & secure approvals for a thoughtfully planned community, and quickly exit via a bulk sale to Lennar without taking development risk.

Somerton Chase Announcement