Firm Expands Its Build-for-Rent Portfolio with a High-End Cottage Community Designed for Modern, Carefree Coastal Living
Rehoboth Beach, DE – May 14, 2025 – JLAM, a leader in real estate investment and development, announces the successful closing of its equity fundraising for Lightkeeper’s Village, a 102-unit build-for-rent (BFR) community in Lewes, DE. A first for the region, this unique residential development will offer sophisticated rental cottages, blending the convenience of leasing with the lifestyle of homeownership in a walkable coastal village setting. On the heels of successfully closing the capitalization of its 300-unit multifamily development, Windward Ridge, JLAM followed up with another strong close, demonstrating continued momentum and investor confidence across its growing portfolio.
Building on JLAM’s track record of identifying and executing differentiated, successful residential and multifamily projects, Lightkeeper’s Village fills a critical gap in the Lewes market where demand for quality rental housing far exceeds supply. The community will feature one-, two-, and three-bedroom cottage homes with premium finishes, modern amenities, and concierge-level services tailored for discerning renters.
“We see significant opportunity in the build-for-rent space, particularly in the Mid-Atlantic in high-growth markets like Lewes,” said Doug Motley, Managing Principal at JLAM. “Lightkeeper’s Village is an exciting and new concept – we’re taking the old school beach cottage and elevating it to a higher standard while providing an exceptional living experience that reflects the charm and appeal of the Delaware coast.”
Located just minutes from the beach and downtown Lewes and only a short drive to Dewey Beach and Rehoboth Beach, Lightkeeper’s Village will offer a truly special community that introduces a new, flexible housing option to the area. The community will feature luxury cottages with high-end finishes, open floor plans, and private outdoor spaces, designed for comfortable coastal living. Residents will enjoy resort-style amenities including a clubhouse, pool, fitness center, fire pits, and expansive green spaces that encourage relaxation and connection. Thoughtfully integrated on-site services such as smart home technology, a variety of resident conveniences, and regular community events will enhance everyday life. And with walkable access to downtown Lewes, direct connectivity to the Breakwater Junction Trail, and adjacency to the forthcoming Village Center retail destination, Lightkeeper’s Village is perfectly positioned to offer both tranquility and vibrancy in one thoughtfully designed neighborhood. “More people are realizing the charm of Delaware, particularly affluent retirees, young professionals, and second-home seekers,” said Motley. “Lightkeeper’s Village is a direct response to this demand, offering a premium rental product with resident services in a market traditionally dominated by home ownership.”
Construction began in Spring 2025, with initial leasing expected to open late 2025. To learn more about JLAM’s investment opportunities and upcoming developments, contact us to connect.
About JLAM
JLAM is a boutique real estate investment and development firm specializing in uncovering untapped potential and creating enduring value through strategic investments. The firm is known for targeting overlooked segments of the market, including underappreciated geographies, asset profiles, and investment amounts, where its expertise can unlock significant value.
With a focus on differentiated real estate across the residential, commercial, and private credit sectors, JLAM has built a reputation for delivering exceptional results. Since its founding in 2011, the firm has successfully deployed over $500 million in capital, developed more than 3,000 residential lots, 1,000 multifamily units, and 1 million square feet of commercial real estate.
Targeting high-growth secondary and tertiary markets across the Southeast and Mid-Atlantic U.S., JLAM leverages its expertise as a direct investor and operator to capitalize on thematic trends, market inefficiencies, and contrarian investments.