Lingerfelt is a results-driven, vertically integrated real estate investment management firm with a legacy dating back to the 1950s. Together with its predecessors, Lingerfelt has earned a reputation as a trusted name in real estate by sourcing and executing high-quality opportunities that generate outsized returns for investors and stakeholders alike.
We lead with integrity, transparency, and a deep commitment to our investors—placing their goals at the center of every decision.
Loyalty First
In the realm of real estate, where transactions are many but trust is rare, we hold steadfast to a principle that transcends mere business: loyalty. At Lingerfelt, relationships are not just assets — they are our foundation. For over eight decades and across three generations, we have cultivated enduring partnerships built on mutual respect, shared vision, and unwavering integrity.
Our loyalty is not transactional; it is earned, nurtured, and reciprocated. We are devoted to those who walk beside us — stakeholders, clients, vendors, partners, and investors — each relationship forged not by convenience, but by years of collaboration, resilience, and authentic human connection. The most meaningful ventures we undertake are born from these deep-rooted bonds, where creative alignment meets long-term trust.
We are humbled by the many relationships that have stood the test of time, and it is through these enduring alliances that we continue to shape, invest in, and elevate the built environment — together.
Proven Track Record
Over 25 million square feet of commercial real estate developed, acquired, and managed—valued at more than $3 billion.
Investor-First Approach
Every strategy is built around maximizing value for our investors through disciplined decision-making and long-term performance.
Vertically Integrated Platform
In-house capabilities include acquisitions, underwriting, financing, development, asset and property management, accounting, and reporting. We maximize efficiencies by executing effectively on what we are good at, while partnering with best-in-class outside service partners where appropriate.
Trusted Reputation
Known for consistency, dependability, and transparent communication across every stage of the investment lifecycle.
Diverse Experience
Our team possesses a wide range of experience in all real estate asset classes ranging from single-family lot development to nursing home properties, and everything in between.
Geographic Relationship Footprint
Active in Virginia, North Carolina, South Carolina, Tennessee, Florida, Texas, Missouri, Minnesota, and Ohio.
L. Harold Lingerfelt begins his career as a licensed engineer, initiating the 1st Generation of the firm.
Lingerfelt’s first office, Richmond, VA (1957)
Harold Lingerfelt, Richmond, VA (1958)
Lingerfelt & Carpenter Construction Corporation is formed, focusing on steel erection and underground utility construction services.
Original marketing flyer for Fairgrounds Distribution Center, Richmond, VA (1960s); the park, ultimately consisting of over 2.3 million square-feet, has since been renamed Richmond Distribution Center
Lingerfelt & Associates, Inc. is formed, changing direction to the development of large industrial properties.
Richmond Times Dispatch article about Fairgrounds Distribution Center project (1972) & Harold on site with sons David (left) and Alan (right) (1973)
Alan T. Lingerfelt (“Al”) takes the helm at Lingerfelt Development Corporation upon his father Harold’s retirement, initiating the 2nd Generation of the firm. Firm focus is on the development of warehouse, office, and nursing home properties.
Lingerfelt periodical advertisement & relocated offices at 12 S. 3rd St, Richmond, VA (1979)
Lingerfelt periodical advertisements (1979)
Construction division is sold; Lingerfelt Development Corp. embarks on 13-year run developing 5,000,000+ SF of industrial, office, and nursing home properties.
Lingerfelt periodical advertisement depicting recent projects: Valleypointe, Roanoke, VA; Northridge, Charlottesville, VA; Hungary Spring Office Park, Richmond, VA; The Feldman Building, Washington DC (1989)
Lingerfelt periodical advertisement depicting site plan for Valleypointe, Roanoke, VA (1989)
Al orchestrates UpREIT merger between Lingerfelt Development Corp. and Liberty Property Trust, joining Liberty as Senior Officer.
Periodical article featuring Al Lingerfelt pre Liberty upREIT (1990) & Richmond Times Dispatch article showing Al on site at River’s Bend post Liberty upREIT, Richmond, VA (1996)
Lingerfelt portfolio map from original REIT offering memorandum pre Liberty upREIT (1994)
Lingerfelt Development reopened by J. Ryan Lingerfelt (“Ryan”), son of Al, initiating the 3rd Generation of the firm, specializing in real estate development and investment acquisitions; over the next 4 years, the firm acquires and/or develops 700,000+ SF of office, retail, and medical property across 12 assets at an aggregate cost of $143 million.
Bon Secours Heart Institute, Richmond, VA (2006)
Harbour View Medical Arts, Suffolk, VA (2006)
Atlee Square Shopping Center, Richmond, VA (2006)
Biotech 8, Richmond, VA (2006)
Al returns to the family business, working with Ryan to transform Lingerfelt Development into a full-service institutional acquirer and developer of commercial real estate; over the next 5 years, the firm acquires and/or develops 2,000,000+ SF of office and medical property across 24 assets at an aggregate cost of $234 million.
Reynolds Office Building, Richmond, VA (2008)
Innsbrook Office Portfolio, Richmond, VA (2011)
Nashville Airport North Portfolio, Nashville, TN (2012)
OrthoVirginia Boulders, Richmond, VA (2012)
Lingerfelt Development rebrands to Lingerfelt CommonWealth Partners. Lingerfelt’s investment fund management business is launched via its Value Fund I equity vehicle, with a focus on the acquisition and development of institutional-grade commercial properties. over the next 4 years, the firm acquires and/or develops 5,000,000+ SF of office, medical, and retail property and 1,000 hotel rooms across 75 assets at an aggregate cost of $705 million.
OrthoVirginia Memorial Regional, Richmond, VA (2014)
Riverplace Tower, Jacksonville, FL (2014)
West Creek Medical Office Building, Richmond, VA (2015)
Towne Place at Greenbrier, Chesapeake, VA (2016)
Lingerfelt launches its Value Fund II equity vehicle; over the next 5 years, the firm acquires 3,700,000+ SF of office and industrial property and 1,165 hotel rooms across 23 assets at an aggregate cost of $667 million.
Liberty Square, Greenville, SC (2016)
Philips Plaza, Nashville, TN (2016)
Delta Hotel by Marriott, Virginia Beach, VA (2018)
Burns & McDonnell Plaza, Houston, TX (2017)
Lingerfelt ends property management vertical partnership, transitioning back to a pure-play real estate investment and development firm and rebranding to LINGERFELT. The firm launches its Value Fund III equity vehicle and over the next 4 years, the firm acquires and/or develops 3,200,000+ SF of industrial and medical property across 13 assets at an aggregate cost of $383 million.
Port 801, Richmond, VA (2022)
1701 Bermuda Hundred, Richmond, VA (2023)
Ashton Logistics Park – Building 2, Richmond, VA (2024)
Carmel Church Business Center, Ruther Glen, VA (2024)
LINGERFELT fully invests Value Fund III and launches its Value Fund IV equity vehicle with imminent plans to break ground on another 3,200,000+ SF of industrial and medical property and 390 apartment units across 28 assets at an aggregate cost of $526 million.
Silas at West Hundred, Richmond, VA (2025)
White Oak Distribution Center, Richmond, VA (2025)
7 Hills Distribution Center, Richmond, VA (2025)
FivePoint Logistics Park, Prince George, VA (2026)
Investing alongside our stakeholders ensures that every opportunity is rigorously evaluated and every decision reflects the best interests of our partners. This alignment—combined with a proven track record of delivering strong results—has established Lingerfelt as one of the region’s premier real estate investment and development firms.
We measure our success by making sure our investors’ goals are at the forefront of everything we do. We are a diligent and engaged owner/operator with in-house capabilities in sourcing, underwriting, financing, development, project and asset management, accounting, reporting, and fund management.
Success in real estate starts with timing and location—and we’ve spent decades mastering both. Backed by a cycle-tested strategy and a team of seasoned professionals, Lingerfelt identifies and executes on acquisitions and development opportunities with the greatest potential for long-term value. Our institutional-level management, reporting, and corporate infrastructure provide the discipline and agility needed to act decisively, manage capital efficiently, and deliver results in any market environment.