LLoyd Jones | Overview and History
Having been in the real estate industry now for almost 45 years, there isn’t much I haven’t seen or experienced,” said Chris Finlay, CEO & Chairman at Lloyd Jones. “I don’t look at real estate as either bullish or bearish, I look at only different opportunities to buy, sell or hold.
Proven Track Record
Shaped by experience; defined by results.
Lloyd Jones has successfully invested in and operated multifamily and senior housing real estate for four decades: as managers for the FDIC in the ‘80s, and as developers, investors, and managers of multifamily and senior housing assets thereafter. Since 1990, Lloyd Jones has developed, owned, and managed approximately $1.2 billion in multifamily real estate.
We are proud to be defined by our results: award-winning developments and investment returns averaging 29.03% IRR and 2.71x equity multiple over the past ten years.
A Welsh legacy
The name Lloyd Jones was chosen to honor our founder’s Welsh great-grandfather, Alfred Lloyd, and grandfather, Hugh Jones. Lloyd was a master builder and became known for his work for the Duke of Westminster as well as the construction of churches and schools. He was also elected mayor of Flint, North Wales for several terms. Jones was the owner of the local foundry. Both were highly respected businessmen and community leaders, and the family reputation for sound business practices and strong work ethic created an undeniable legacy for Chris Finlay from the time he was a boy.
The Welsh dragon symbolizes this proud heritage that continues to inspire Chris and his team in the work that they do for their partners, investors, and residents.
A proven strategy
Find opportunity in every economic cycle
Acquire assets below replacement value
Capitalize on the firm’s vertical integration to underwrite, analyze & implement business plans
Create long-term value and consistent, reliable yield
Timeline by decade
Christopher Finlay creates the Finlay companies which grow to be among the largest real estate firms in New England:
- Finlay Commercial Real Estate
- Finlay Real Estate Appraisal
- Finlay Property Management
Late ‘80s/early ‘90s S & L crisis creates asset management opportunities
The FDIC and RTC contract Finlay to handle the management and disposition of their ORE assets acquired as the result of the savings & loan crisis and recession.
The United States Postal Service chooses Finlay to develop and manage post office facilities across the country.
Finlay begins developing multifamily and senior housing communities, ultimately ranking among the top five producers of Housing Tax Credit properties. Development continued for fifteen years until the Great Recession.
Finlay continues development activities through 2008: workforce housing, senior living communities and luxury condominiums.
2007-2009 The Great Recession creates real estate investment opportunities.
Finlay and family member begin accumulating a portfolio of apartment communities for their own account.
Building on his investment success, Finlay creates Lloyd Jones Capital, a private-equity real estate investment firm offering outside investors an opportunity to participate in his acquisitions.
The massive baby boomer generation begins turning 70, creating senior housing opportunities.
Finlay merges Lloyd Jones Capital with the Finlay companies to create Lloyd Jones, a vertically integrated owner/operator of multifamily and senior housing.
Lloyd Jones recruits a veteran of the senior housing industry to run newly created Lloyd Jones Senior Living Management as the firm aggressively enters the senior housing market.
Under the continuing direction of Christopher Finlay, Lloyd Jones celebrates its 40th anniversary as a private-equity real estate firm focused on multifamily and senior housing investment and operations.
Post-COVID economy creates new opportunities
To capitalize on emerging opportunities, Lloyd Jones adds a hospitality subsidiary and reactivates A.B. Lloyd Construction. Lloyd Jones Senior Living changes its name to AVIVA Senior Living.
Lloyd Jones expands senior housing holdings with 11 acquisitions, ending 2022 poised to scale the portfolio nationally.
Lloyd Jones grows portfolio with acquisition of first hotel, Embassy Suites by Hilton.