Meet Our Team
Gar Lile
President + Principal Broker
glile@lilerealestate.com
501-920-7015
Real Estate Education
Standards of Professional Practice, Part A – 1991
Standards of Professional Practice, Part B – 1991
Real Estate Appraisal Principals – 1992
Appraisal Procedures – 1993
Advanced Income Capitalization – 1994
Advanced Applications – 1996
Report Writing and Valuation Analysis – 1998
Analyzing Operating Expenses – 2001
Analyzing Distressed Real Estate – 2004
Real Estate Finance, Value and Investment Performance – 2005
Land Investment Analysis – 2013
Land 101 Fundamentals of Land Brokerage – 2014
Site Selection – 2014
Agricultural Land Brokerage & Marketing – 2014
Essentials of Negotiation – 2014
Advanced Tax Deferred 1031 Exchanges – 2014
Timberland Analysis – 2014
Real Estate Accreditation
Real Estate Broker –
- Arkansas – PB00045631
- Texas – 632097
- Louisiana – 0000074554
- Tennessee – 00285696
- Mississippi – 14876
Accredited Land Consultant
Professional Associations
Southeast Arkansas Board of Realtors, Member
Realtor Land Institute Arkansas Chapter, Member
Arkansas Agricultural Council
USA Rice Federation
Gar Lile is the founder and current President of Lile Real Estate, founded in February 1993. Gar is a licensed real estate broker in Arkansas, Louisiana, Mississippi, Tennessee and Texas; an Accredited Land Consultant (ALC), and an Arkansas state Certified General Appraiser.
Lile is a former candidate member of the Appraisal Institute, and was elected to participate in the Appraisal Institute’s Young Advisory Council in Washington, D.C. in 1996. He is actively involved in the ownership and development of farms and recreational properties in Arkansas and has a hand in many major farm and recreational development projects. Gar is managing partner of Lile Farming Company, which is actively engaged in farming row crops and rice.
As a lifelong outdoors man and prior national trustee of Delta Waterfowl, Gar has a special appreciation and understanding of the issues facing our natural resources, in particular North America’s waterfowl resources. He is a Life Sponsor of Delta Waterfowl, a sponsor member of Ducks Unlimited, Quality Deer Management Association, the Nature Conser- vancy, and the National Audubon Society. He is a board member of the Arkansas Game and Fish Foundation. He served approximately seven years as a National Director on the Delta Waterfowl Foundation Board. In December of 2014, he was named an Honorary Director of Delta Waterfowl’s Foundation Board.
Gar is a graduate of Arkansas State University in Jonesboro, Arkansas with a Bachelor of Science in business and a minor in agriculture. He is active in the Catholic Church and the Boys and Girls Club. Gar and his wife, Teresa, have been married since 1986, and have three children, Gardner (wife Leah), Garrett (wife Kathleen), and Grace Ann.
Since 1989, Gar has been extensively involved in the valuation, brokerage and development of agricultural, timberland and recreational properties in the Mid-South. He has been the lead facilitator in the placement of hundreds of thousands of acres, and is credited as the founder of the two (2) largest Wetland Reserve Program (WRP) joint ventures in the U.S.; the Woodson Joint Venture in 2003 with approximately 7,200 acres, and the England Joint Venture in 2006 with approximately 11,400 acres. Gar’s commitment to conservation was recognized and featured nationally in the November/December 2005 issue of Audubon Magazine for his work to return marginal farmlands to their natural state through government conservation programs.
Gar is well attuned to current agricultural practices and development procedures to enhance agricultural lands for crop yield and irrigation improvements through government cost share and conservation programs through his personal farming practices on his own land, as well as the management of several well-known large farming operations and joint ventures.
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