LPI Memphis Company Profile

Background

LPI Memphis is a Memphis-based commercial real estate company specializing in leasing and management across the Mid-South. The company practices closed-loop commercial real estate by owning, leasing, developing, and managing all properties in its portfolio. LPI is dedicated to building communities and neighborhoods for the betterment of Memphians, offering retail, office, multifamily, and industrial properties in Tennessee and Mississippi. Their vision is to be the best developer of people and communities through smart real estate decisions and community-focused initiatives.

Key Strategic Focus

LPI Memphis focuses on revitalizing and enhancing communities through strategic real estate development. The company's core objectives include the acquisition, development, and management of diverse property types, such as retail, office, multifamily, and industrial spaces. By integrating local art, architecture, and culture into their projects, LPI aims to create vibrant neighborhoods that reflect the unique character of Memphis. Their primary markets include Memphis and its surrounding areas, with notable developments in Overton Square, Broad Avenue, and the Highland Strip.

Financials and Funding

LPI Construction Management, a division of LPI Memphis, has raised a total of $350,000 in funding over one round. The company's estimated annual revenue is $3.8 million, with a team of 26 employees.

Pipeline Development

LPI Memphis has several ongoing and upcoming projects aimed at enhancing the Memphis community:

Link Apartments Broad Avenue: A multi-phase development featuring residential units and street-facing commercial spaces. Phase I has been completed, with residents already moved in, and Phase II is underway, proposing 200 additional apartment units and self-storage facilities.

The Memphian Hotel: A 106-room boutique hotel located in Overton Square, opened in May 2021. The hotel includes dining options such as the Complicated Pilgrim restaurant and the Tiger & Peacock rooftop bar.

Renasant Bank Headquarters: A $15.8 million, three-story, 45,000-square-foot office building serving as the Memphis-market headquarters for Renasant Bank. The building emphasizes modern design with extensive use of glass to project openness and transparency.

Technological Platform and Innovation

LPI Memphis integrates innovative design and development practices to create unique and engaging spaces. Their projects often feature local art installations, revitalized architecture, and community-centric designs that celebrate the distinct nature of Memphis. By collaborating with local artists and incorporating cultural elements, LPI sets itself apart in the real estate industry.

Leadership Team

The leadership team at LPI Memphis comprises experienced professionals dedicated to the company's mission:

Robert E. Loeb: President

Louis S. Loeb: Executive Vice President of Asset Management

Carey D. White, RPA®: Chief Operating Officer

Mila Korostyshevskiy: Chief Financial Officer

Brennan Chapman: Vice President of Property Management

Jeff Dawson: Vice President of Brokerage & Development

Tom Hayes: Vice President of Construction Management

Chris Heinz: Vice President of Property Management

Emily M. Morrison: General Counsel

Ciara Neill: Vice President of Marketing

Jeremy Reed, RPA®, BOMI-HP™: Vice President of Property Management

Laura Warren, RPA®: Vice President of Property Management

Carolyn Barnett: Assistant Controller

Competitor Profile

Market Insights and Dynamics

The commercial real estate market in Memphis is characterized by steady growth, driven by urban revitalization efforts and increased demand for mixed-use developments. The city's strategic location and cultural heritage make it an attractive destination for businesses and residents alike.

Competitor Analysis

Key competitors in the Memphis commercial real estate market include:

Prado Group: Specializes in urban residential and mixed-use developments, focusing on sustainable and community-oriented projects.

Caton Commercial: Offers comprehensive real estate services, including brokerage, property management, and development, with a focus on retail and office spaces.

Koch Development: Engages in the development and management of commercial properties, emphasizing innovative design and tenant satisfaction.

Riverside Resources: Focuses on the acquisition and development of commercial real estate, with a portfolio that includes office, retail, and industrial properties.

Rochester's Cornerstone Group: Specializes in affordable housing and community development projects, aiming to create sustainable and inclusive communities.