Lingerfelt shakes up leadership to fuel future growth
- Alan 'Al' Lingerfelt will step down as CEO but remain as Chairman and a Partner on the Investment Committee.
- Brian Witthoefft has been promoted to President, focusing on daily operations and leveraging industry relationships.
- Lingerfelt aims to strengthen its leadership structure to ensure continued growth and success in the real estate market.
In Richmond, Virginia, on January 14, 2025, Lingerfelt, a prominent real estate investment firm, announced a significant leadership transition aimed at fostering the company's long-term growth and innovation in the industry. The firm's Chief Executive Officer, Alan 'Al' Lingerfelt, age 70, will be stepping down from his executive role but will maintain involvement as Chairman of the firm. He will continue to be an active partner, participating in major decision-making processes as a member of the firm's Investment Committee. Al Lingerfelt's extensive experience and strategic oversight are deemed essential for guiding the company through evolving market conditions. The new leadership structure will prominently feature Brian Witthoefft, who has been promoted to President, taking the helm of day-to-day operations. Witthoefft's role will encompass leveraging the firm's industry relationships and driving organizational excellence. Recognized for his adept handling of complex real estate transactions, he is expected to further strengthen Lingerfelt’s competitive position. Alongside him, Rob Valentine has been elevated to Managing Director, Investments, overseeing investment strategies and guiding the management of Lingerfelt's portfolio with a focus on disciplined execution. This strategic succession planning highlights Lingerfelt’s commitment to continuity and stability while preparing the team for the challenges ahead. The company is confident in the capabilities of its leadership team, consisting of Witthoefft, Valentine, and others who are integral to the firm’s operations. Their collective expertise in property development and investment is viewed as critical as Lingerfelt endeavors to adapt to market shifts and optimize investor returns. Consequently, this leadership transition marks a pivotal moment for the firm, as it aims for sustained success and distinguishes itself in the competitive real estate sector. The company believes that with the new leadership in place, it can effectively capitalize on emerging opportunities in the market while continuing to deliver exceptional results for its investors and stakeholders.