Lackland | Holdings, LLC
We strive to make every business transaction a straightforward and honorable one. Our business process is simple: we buy underperforming loans on consumer and commercial real estate, and either revitalize the properties or complete the foreclosure process.
We have the in-house staff to complete the process professionally, accurately and quickly, including three lawyers with major contract experience. We are always interested in accepting new clients, while we maintain strong relationships with our previous clients.
Lackland Holdings buys:
- Apartment complexes and notes
- Non-performing residential mortgages
- Single-family homes
- Portfolios of up to $50 million
- Non-performing commercial properties
Mr. Fleet graduated from Culver Military Academy in 1977 and obtained a BBA from the University of Texas in 1980. The same year, he began working at his family-owned business, which was established in 1944. As supervisor of the home building division, Mr. Fleet directed the construction of over 900 homes. In 1991, Mr. Fleet left the family business and began purchasing assets from the Resolution Trust Corporation and FDIC. He purchased 32 assets from these entities over a six-year period. Since 1991, he has purchased or developed more than 100 real estate assets, consisting mostly of raw land, subdivisions, shopping centers, manufactured home communities, apartments and office buildings. Mr. Fleet has also:
- Participated in the purchase of more than 100 oil and gas wells. As a partner, he fully funded a well service company that operated his wells in addition to those of other corporations.
- Started Fleet Oil and Gas, Ltd in 2006. He assembled acreage and participated with EOG in developing a 21 well project. Fleet Oil and Gas currently participates with EOG, XTO, Devon and Chesapeake in over 70 producing wells.
Jacinda Caldwell, Vice President
Jay Caldwell has been with Lackland Holdings since 2001. Before joining Mr. Fleet, she was with a publicly traded home building company for several years. In her capacity as Vice President, she is responsible for the leasing and management of all multi-family and manufactured home communities. Her wide range of abilities allows the company to acquire distressed real estate assets and turn them into income producing properties in a timely manner.
Jeanine R. Virant, Chief Financial Officer
Jeanine Virant has served as the chief financial officer for Tim Fleet and his related entities since 2002. Her responsibilities include management of accounting operations, treasury and financial reporting. She has a BBA in accounting from the University of Texas and is a Certified Public Accountant. Previously, Ms. Virant served as Controller for a private equity fund and a Division Controller / Tax Manager for a national Real Estate Developer.
Benjamin Compton, Attorney
Benjamin Compton, P.C. operates as general counsel for Lackland Holdings overseeing its real estate transactions consisting of residential and commercial lending, asset purchases, and preparation of loan documents. Additionally, Mr. Compton is responsible for legal matters related to the ownership and operation following acquisition including negotiating contracts, landlord/tenant law, foreclosures, forbearances, and closings.
Prior to working with Lackland Holdings, Mr. Compton was counsel to Fleet Oil & Gas, Ltd. where he worked closely with oil and gas firms such as EOG, XTO, and Devon to negotiate leases and operating agreements. Mr. Compton played a pivotal role researching and curing title for thousands of mineral/royalty leases and purchases in both Texas and Louisiana.
During his time in law school, Mr. Compton interned for the Tarrant County District Attorney Juvenile Division researching and preparing for criminal bench trials. Throughout his career, Mr. Compton has continued to research relevant law to further solidify his knowledge and legal expertise.
Mr. Compton is licensed in the Northern, Southern, Eastern, and Western U.S. District Courts of Texas. He is a 2006 graduate of St. Mary's University School of Law and a 2002 graduate of Baylor University. In his free time, Mr. Compton enjoys spending time with his family and dog, watching college sports, and playing golf.
Todd Greenfield, Project Manager
Todd Greenfield serves as the project manager for Lackland Holdings. He oversees construction superintendents and general contractors responsible for the assessment, rehabilitation and daily operations of commercial and residential properties. Mr. Greenfield received a BA and an Army Commission from Tarleton State University and gained invaluable leadership experience while serving for 12 years in the military reserves as an Army officer. He was a sales manager for one of the nation’s top builders in the Dallas/Fort Worth market, excelling in new home sales and marketing strategies. His membership in various professional organizations provides valuable associations within the local real estate and construction industries.
Alan Smith graduated with a BA in Business from UTA in 1977. He was initially employed by Buerkle Investment Co. in 1977 as a land broker ,handling pre-development land slated for residential and retail development. He later expanded his focus to facilitate the sale of land for mixed use developments, primarily in the Tarrant County area. He left the firm in 1980 to work as an independent agent, and two years later began acquiring land for his own personal investment until 1985,when the commercial real estate markets declined significantly. He joined Woodcrest Realty in 1992,helping market commercial and retail investments until 1994.Beginning June,1994 Alan joined Lackland Holdings. where he works primarily in note and multi-family acquisitions.
Lackland Holdings has a comprehensive understanding of the Fort Worth real estate market, born of more than three decades of experience. We have a stellar resume filled with successes across the real estate industry. Highlights include:
- In the early 1990s, working with the Resolution Trust Company and the FDIC, we successfully closed more than 30 deals. The economic climate then echoes the struggles lenders face today.
- Lackland has successfully completed more than 100 commercial projects, including subdivisions, mobile home parks, shopping centers and more.
- Since 2003, Lackland has finished more than 1,000 HUD homes.
- We have a vast network across the Dallas/Fort Worth area and are tied to many other successful business ventures, including Fleet Oil and Gas.
Lackland Holdings possesses the skill, expertise and capital to overcome any challenge – today and tomorrow.