Greenville-based LyonJay is blazing another trail in the build-for-rent sector with a new venture, Gaskin Banks.
The startup is powered by land development experts with a goal of redefining land development through adding value and vitality to communities, according to a news release.
By partnering with Gaskin Banks, prospective builders will be able to access industry resources, including consultation from specialists.
“At LyonJay, we strive to provide our clients and partners a high level of expertise and dedication to exceptional service, and these values will also be reflected in our newest joint venture company and partner, Gaskin Banks,” Jennings Lyon, founding partner and CEO of LyonJay, said in the release.
Todd Malphrus, a 35-year veteran of the construction and development sectors, will lead the team at Gaskin Banks. He previously served as vice president and director of construction for Quinn Residences.
Malphrus said he stepped away from that role when he realized an immediate need for build-for-rent housing in the industry.
“I am excited to take on this new role at Gaskin Banks and believe that with more than three decades of land development experience, I can add a facet of knowledge that will set this company apart from others,” Malphrus said in the release. “I look forward to making a difference through Gaskin Banks and bringing communities across the Southeast to life.”
Malphrus also served as the vice president of Malphrus Construction, which produced $200 million per year in annual revenue. He has completed more than $1.5 billion in projects to date across the Southeast and beyond.
“Todd has experience in this industry that is one-of-a-kind and perfectly aligns with the mission of Gaskin Banks,” J.K. Jay, founding partner and president of LyonJay, said in the release. “We are confident that his leadership role within the company and dedication to the work we do will benefit our clients, partners and communities as a whole.”