Formed in 2008, JGM Development Company is a full-service real estate development firm with offices in Destin, Florida and Birmingham, Alabama. JGM has built a reputation as a market leader in the acquisition, planning, development, sales and marketing of residential real estate.
The management team behind JGM has over 50 years combined experience in the real estate development and resort management business. As past members of the executive team at The Sterling Companies, we have overseen more that $2.5 billion in resort development activity, including the development or redevelopment of over 2,000 condominiums, over 400 hotel units and 3 golf courses.
As a partner in Ark Real Estate Strategies, JGM Development also specializes in real estate asset and fund management. The Ark Real Estate Opportunity Fund I was formed in 2009 to make opportunistic investments in residential real estate assets in the Southeastern United States.
HIGHLIGHTS OF THAT FUND INCLUDE:
- Over $21 million in committed capital
- $660 million of investments evaluated
- Average purchase prices at approximately 30% of prior market values
- First asset disposition yielded a gross return of over 50% in less than 6 months
Today, we remain committed to creating properties of the highest quality. If you have an asset that may require management or a potential development opportunity, Contact Us.