GREENVILLE, S.C. | Nov. 7, 2022 – LyonJay Operations, LLC, a real estate investment and development firm headquartered in Greenville, South Carolina, has secured a capital commitment in excess of $100M to form a joint venture with a real estate investment business headquartered in New York, New York. The joint venture will seek to develop vacant finished lots for single-family home construction in land parcels predominately in the Southeastern United States.
LyonJay will aim to deploy between $100M-$250M in equity over the next several years while maintaining its disciplined approach to site identification, acquisition, entitlement and development. The strategic partnership will focus on building scale in high-growth areas, expanding LyonJay’s multi-state land development portfolio in the Southeastern United States.
“For some time, our team has worked diligently to expand our service to publicly traded and large private homebuilders in our region. This partnership is the ultimate validation of that goal, and enhances not only financial capabilities, but gives us a significant edge in our designated markets.”JK Jay, LyonJay’s President and Founding Partner.
LyonJay is a real estate investment and development firm primarily focused on providing attainable housing for hard working families. Whether it be lot development for listed homebuilders, conventional multi-family apartments or build-for-rent communities, the firm’s passion is to provide quality communities for those that call the Southeast home. With over 75 years of combined market experience, the team has invested in, developed, constructed, and managed, hundreds of thousands of units across 11 states.