What makes LEM unique are three key components: the caliber of its team, which is entrepreneurial in size but institutional in experience, the strength of its operating partner network and how that network acts as an extension of LEM, and the way LEM has managed its fund sizes over time.
Multifamily experts, LEM acquires well-located suburban apartment properties adding value and helping to increase rents through physical upgrades and the implementation of better management practices. The firm’s approach combines the local, long-term market knowledge and day-to-day management of its nationwide network of operating partners with LEM’s disciplined investment selection, rigorous due diligence process and intensive asset management oversight. The LEM Team is involved in every phase of the due diligence and asset management processes with the goal of delivering attractive risk-adjusted returns to our investment partners while safeguarding their capital.
Since 2002, LEM has raised over $1.3 billion in investor commitments and invested over $8.1 billion in real estate contributing to our expertise in structuring, execution and asset management. This includes acquiring over 23,000 value-add apartment units since 2011 as of April 19, 2021.
LEM focuses on investments up and down the East and West Coasts, the northeast corridor and the greater metropolitan areas of Dallas, Houston, Austin, San Antonio, Chicago, Denver, Nashville, Minneapolis, and Phoenix.
Overview
Mentions in press and media 6
| Date | Title | Description |
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| Nov 13, 2017 | Term Sheet — Monday, November 13 | DEALS OF THE DAY Good morning, Term Sheet readers. Let’s get right to the deals you should know about this morning. Paid Content How can you protect what you can't see? From ExtraHop • The legal saga could come to an end: Benchmark agreed t... |
| Nov 13, 2017 | LEM Capital raises $300m | The Philadelphia-based firm will target multifamily properties. |
| Nov 12, 2017 | LEM Capital Raises $300M for Fourth Real Estate Fund | LEM Capital, L.P. closed the firm’s fourth discretionary fund in August at its original $300 million target. Fund IV will invest exclusively in Class B multifamily properties in primary and secondary U.S. markets that offer an opportunity t... |
| Jul 14, 2016 | Just closed: LEM Capital raises $178m | View the latest closings |
| Sep 21, 2015 | Daily funding roundup - September 21, 2015 | Deciphera bagged $75M; Portea raised $37.5M; Just Biotherapeutics secured $15M BidFlyer, an Israeli startup that is a white-label platform for airlines, has raised $1 million in funding for its business model, which involves putting small b... |
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FAQ about LEM Capital
When was LEM Capital founded?
LEM Capital was founded in 2002.
What has the press written about LEM Capital?
Parsers VC has collected 6 articles mentioning LEM Capital, among them “Term Sheet — Monday, November 13” (Nov 13, 2017) and “LEM Capital raises $300m” (Nov 13, 2017).
Is LEM Capital still active?
Yes, LEM Capital is active; its latest activity on Parsers VC dates from Jul 29, 2019.