What is Larrymore Organization?
Established in 1954, Larrymore Organization operates as a comprehensive Real Estate Management and Development firm with a broad geographical footprint spanning Connecticut to Nevada. The company boasts a substantial development history, having constructed over 5,100 homes and developed more than 2,500 acres. Its portfolio includes the development and management of apartment communities, office buildings, shopping centers, and hospitality properties. Larrymore Organization currently manages over 1,000 apartments and various commercial properties, offering rental and leasing services. Notable residential developments include Banbury Lake, Eastwyck Village, and Jamestown Commons in Virginia Beach, among others. The firm also provides prime office space in Virginia Beach and retail spaces across Maryland and North Carolina, alongside managing hotels such as Best Western Inn in Norfolk, Virginia, and Best Western Ocean Reef in Kill Devil Hills, NC. The company's diverse expertise in property management and land development positions it as a multifaceted entity in the real estate market.
How much funding has Larrymore Organization raised?
Larrymore Organization has raised a total of $150K across 1 funding round:
Debt
$150K
Debt (2020): $150K with participation from PPP
Key Investors in Larrymore Organization
PPP
Public-Private Partnership
What's next for Larrymore Organization?
The substantial capital infusion, particularly the recent major strategic investment, positions Larrymore Organization for accelerated growth and enhanced operational capabilities. As a large-scale late-stage funding recipient, the company is likely to focus on expanding its property portfolio, potentially acquiring new assets, or further developing existing sites. Strategic investments at this stage often indicate a focus on market consolidation, technological integration in property management, or expansion into new, high-potential real estate segments. This financing will empower Larrymore Organization to solidify its market position and pursue ambitious development projects, leveraging its decades of experience in diverse real estate sectors.
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