ABOUT US

OUR COMPANY


We are committed to ensuring that our projects have a positive impact on our constituent neighborhoods and community stakeholders.

We build reasonably-priced, high quality, workforce housing stock with necessary amenities for productive neighborhoods.

An LREP development project not only transforms the visual appeal of the neighborhood, but offers meaningful solutions and amenities that are embraced by the community-at-large. Our contributions support long-term appreciation as communities are redeveloped. This consistent, disciplined and proven approach to our investment strategy drives performance and maximizes returns for investors, while rallying strong community receptivity from city leaders and residents.

Today, we continue to utilize creativity in the development of real estate to maximize returns for investors while adding intentional value to the communities we serve. Recent projects include single, multifamily and commercial developments around and in the Philadelphia region. We invite you to partner with us for quality real estate solutions that meet our code of excellence, integrity, efficiency and high value.

LREP is committed to bringing tangible value to the investors, partners and the communities we serve. Our roots trace back to 1958, where our co-founder, physician and businessman Walter P. Lomax, Jr., MD converted a row home and grocery store in S. Philadelphia into a full-service community medical center. From these humble beginnings, Dr. Lomax built a six office 22 physician practice that was based upon a simple but powerful business philosophy: to provide high quality services within underserved communities. This same philosophy of delivering value in underserved markets permeates LREP’s strategies. Our fundamental approach is to utilize our principal's local market knowledge to create and execute unique investment opportunities with attractive risk/reward profiles.

OUR PHILOSOPHY

We deliver high quality real estate products in underserved communities. Our fundamental approach is to utilize our principal's local market knowledge to create and execute unique investment opportunities with attractive risk/reward profiles.

OUR CAPABILITIES

We provide end-to-end real estate development services including planning, acquisition, construction management,
leasing and property management.

  • Acquisition, Reposition and Disposition
  • Due Diligence and Underwriting
  • Development and Redevelopment
  • Risk Management
  • Strategic Partnerships
  • Team

    The LREP Executive Team possesses extensive real estate finance, transaction and development experience. With our team’s diverse industry expertise, depth of influence and breadth of strategic partners, LREP has the flexibility to expand offerings for unique development deals.

    • CHARLES D. LOMAX is the Chairman and CEO of LREP. Mr. Lomax has been with The Lomax Companies LP and its predecessors for over 25 years and is presently a Partner with the firm, with responsibility for its real estate activities. Previously, Mr. Lomax was instrumental in the growth and ongoing management of The Lomax Companies' healthcare management businesses. Upon the successful exit of those healthcare businesses, he co-founded Lomax Real Estate Partners, LP. Under his leadership, LREP has developed and managed a number of residential and commercial projects throughout the region. Mr. Lomax provides oversight for all of the firm's real estate activities including but not limited to business development, land planning, and product design. Mr. Lomax serves on the board of The John Bartram Association, West Laurel Hill Funeral Home and Management Company, and is a member of Drexel University's Presidential Real Estate Advisory Council. He also serves on the board of directors of several of the portfolio companies owned and operated by The Lomax Companies LP and is a Trustee of The Lomax Family Foundation. He has a B.A in Economics from Guilford College, Greensboro, NC. Mr. Lomax is a member of Sigma Pi Phi Fraternity.

    • BENNETT P. LOMAX is a Principal at LREP and has responsibility for business development, underwriting, and corporate finance. Since 2005, Mr. Lomax has been the President & CEO of The Lomax Companies, LP, and in that capacity actively leads the boards of several Lomax portfolio companies. Mr. Lomax serves on the board of Beltraith Capital, LLC an asset management holding company with $2.3 billion under management. Mr. Lomax is an active member of the Philadelphia community, currently serving a board member of the Temple University Beasley School of Law Board of Visitors, Temple Law Foundation, Museum of the American Revolution, and Friends Fiduciary Corporation. Mr. Lomax is also a Trustee of the Lomax Family Foundation and is a member of Sigma Pi Phi Fraternity. Mr. Lomax received a B.S. degree in Finance (cum laude) from Hampton University and a J.D. degree from Temple University Beasley School of Law.

    • W. THOMAS LOMAX is a Principal at LREP and serves as its Chief Financial Officer. As Partner and Chief Financial Officer of The Lomax Companies, LP (TLC), W. Thomas Lomax has managed the financial operations for a variety of businesses for more than 25 years. In his past role at TLC, Mr. Lomax was instrumental in operating a group of medical centers throughout the Greater Philadelphia area, providing managed healthcare services in prison systems across the country and importing and distributing seafood. Currently, Mr. Lomax's primary responsibilities include overseeing the financial and accounting functions of the various entities; managing the due diligence process when acquiring or disposing of an asset; negotiating with vendors, and implementing systems and budgets applicable to the various companies. In addition to his duties as CFO of TLC, he serves as Treasurer on the Board of Directors for several of TLC's portfolio companies. He also serves on the Board of Directors of Penn Community Bank located in Perkasie, PA with over $1B in assets. Mr. Lomax earned his Bachelor of Science degree in Business Administration from Delaware Valley College and a Master of Business Administration degree from LaSalle University. Mr. Lomax is a member of Sigma Pi Phi fraternity and served on the Technology Committee for two years and is a lifetime member of the National Black MBA Association.