New Community Reflects Firm’s Strength in Accessing Capital and Delivering High-Quality Housing in Underserved Markets
Rehoboth Beach, DE – April 18, 2025 – JLAM, a real estate investment and development firm with a track record of creating value through disciplined site selection and thoughtful design, has completed the equity raise and acquisition for Windward Ridge, a 300-unit multifamily development in Dover, Delaware.
Dover remains one of Delaware’s key employment and government hubs—and yet, its supply of quality rental housing hasn’t kept pace with demand. Windward Ridge addresses that gap with a community designed for working professionals and families seeking a modern, amenity-rich living experience at an attainable price point.
This project builds on the success of Sunset Village, JLAM’s multifamily development in nearby Camden, DE, which has demonstrated strong leasing velocity and tenant satisfaction. With proximity to major employers like Bayhealth Hospital, state and local government offices, Dover Air Force Base, and key private-sector operators, Windward Ridge is strategically positioned to serve a broad renter base.
“We see lasting demand for well-designed market-rate housing in places like Dover,” said Nick Hammonds, Managing Principal at JLAM. “Windward Ridge reflects our approach—disciplined investing, thoughtful design, and a sharp focus on creating long-term value.”
The community will feature spacious one-, two-, and three-bedroom apartments with high-end finishes, private outdoor spaces, and smart, functional layouts. Amenities include a custom-designed clubhouse, resort-style pool, yoga and fitness studios, wooded walking trails, oversized storage units, and curated green spaces—all surrounded by mature trees offering a private and elevated living experience.
Professional property management will be provided by Windward Communities, delivering the maintenance-free lifestyle and service standard that define JLAM’s residential portfolio.
Construction is underway, with initial leasing expected to begin in 2026. To learn more about JLAM’s investment platform, contact us.
About JLAM
JLAM is a boutique real estate investment and development firm specializing in uncovering untapped potential and creating enduring value through strategic investments. The firm is known for targeting overlooked segments of the market, including underappreciated geographies, asset profiles, and investment amounts, where its expertise can unlock significant value.
With a focus on differentiated real estate across the residential, commercial, and private credit sectors, JLAM has built a reputation for delivering exceptional results. Since its founding in 2011, the firm has successfully deployed over $500 million in capital, developed more than 3,000 residential lots, 1,000 multifamily units, and 1 million square feet of commercial real estate.
Targeting high-growth secondary and tertiary markets across the Southeast and Mid-Atlantic U.S., JLAM leverages its expertise as a direct investor and operator to capitalize on thematic trends, market inefficiencies, and contrarian investments.