Philadelphia, PA – LEM Capital, L.P. (“LEM”) has acquired Avery at Arlington Lakes (the “Property”), a 198-unit multifamily community built in 1985. The Property was acquired through a joint-venture partnership with Marquette Companies (“Marquette”), a repeat, locally based operating partner.

The Property benefits from excellent regional connectivity, located within minutes from several of Chicagoland’s largest employment centers, including O’Hare International Airport, the Elk Grove Village Industrial Park, the largest contiguous industrial park in North America—and the Schaumburg office and retail corridor. Residents also enjoy convenient access to Mt. Prospect Metra Station, offering direct commuter rail service to downtown Chicago. The combination of employment access, transit connectivity, strong schools, and suburban quality of life continues to drive sustained demand for attainable workforce housing in the submarket.

Avery at Arlington Lakes is situated in a low-density garden style setting. LEM and Marquette plan to implement a comprehensive capital improvement program, including construction of a new clubhouse, enhancements to building exteriors and landscaping, and renovation of apartment interiors with the addition of in-unit washers and dryers.

“We are excited to capitalize on continued positive operational momentum at the Property,” said Aaron Seidman, an Associate at LEM. “Avery at Arlington Lakes presents a compelling opportunity to acquire a well-built asset in a desirable, high barrier to entry suburban location with one of LEM’s longstanding operating partners.”

About LEM Capital

LEM Capital is a real estate private equity firm with a 23-year track record focused on protecting investors’ downside and building portfolios to help deliver dependable current cash flow and equity upside through good and bad cycles.

The team consists of multifamily experts that seek to acquire well-located apartment properties where LEM can create value through physical upgrades and implementation of better management practices. The firm’s approach combines the local, long-term market knowledge and day-to-day management of its network of nationwide operating partners with LEM’s disciplined investment selection, rigorous due diligence process and intensive asset management oversight, all led by the firm’s partners. LEM’s goal is to deliver attractive risk-adjusted returns to its investors while safeguarding capital.

Since 2002, LEM has raised approximately $1.8 billion in investor commitments and invested over $9.2 billion in real estate value contributing to their expertise in structuring, execution and asset management. This includes acquiring over 27,000 value-add apartment units since 2011.

Notes: All data as of June 30, 2025 unless otherwise noted.

Philadelphia, PA – LEM Capital, L.P. (“LEM”) has acquired Dawson Apartments (the “Property”), a 272-unit multifamily community built in 1998. The Property was acquired through a joint-venture partnership with a repeat operating partner to execute a comprehensive value-add business plan.

The Property is located approximately 6 miles north of downtown Orlando in Maitland, known for its infill, established neighborhoods, accessibility to numerous employment hubs along the I-4 corridor, and its desirable, upscale retail destinations such as downtown Winter Park, Uptown Altamonte, and downtown Maitland. The area is further distinguished by its high household incomes supported by a diverse base of white-collar and healthcare employers, a limited pipeline of new multifamily development due to its infill nature, and well-regarded public schools.

Dawson Apartments offers strong curb appeal with prominent visibility from State Route 414 and benefits from high-quality construction and a history of institutional ownership with limited deferred maintenance. The Property features nine-foot ceilings, large floor plans with direct-access garages in select units, in-unit washers and dryers, and a robust amenity package that includes a large clubhouse, fitness center, and resort-style pool deck. The renovation plan will include expanding and modernizing the amenity set, renovating unit interiors, refreshing the Property’s exteriors, and implementing a full rebrand. These improvements are designed to position Dawson competitively against newer assets in the submarket while maintaining a moderate price point for renters.

“We are excited to re-enter the Orlando market with one of our proven operating partners,” said Kevin Weidman, a Director at LEM. “Dawson Apartments presents a unique opportunity to acquire a well-built asset in a desirable, supply-constrained submarket within one of the fastest-growing metros in the nation.”

About LEM Capital

LEM Capital is a real estate private equity firm with a 23-year track record focused on protecting investors’ downside and building portfolios to help deliver dependable current cash flow and equity upside through good and bad cycles.

The team consists of multifamily experts that seek to acquire well-located apartment properties where LEM can create value through physical upgrades and implementation of better management practices. The firm’s approach combines the local, long-term market knowledge and day-to-day management of its network of nationwide operating partners with LEM’s disciplined investment selection, rigorous due diligence process and intensive asset management oversight, all led by the firm’s partners. LEM’s goal is to deliver attractive risk-adjusted returns to its investors while safeguarding capital.

Since 2002, LEM has raised approximately $1.8 billion in investor commitments and invested over $9.3 billion in real estate value contributing to their expertise in structuring, execution and asset management. This includes acquiring over 28,000 value-add apartment units since 2011.

 Notes: All data as of September 30, 2025, unless otherwise noted.

Philadelphia, PA – LEM Capital, L.P. (“LEM”) has acquired Circa at Fishhawk Ranch (“Circa”), a 260-unit multifamily community built in 2015. LEM will execute a comprehensive value-add strategy focused on targeted upgrades to the property’s exteriors and common areas, amenity enhancements, and operational improvements. The property was acquired in partnership with a repeat, locally based operating partner, Robbins Property Associates.

Circa is located in the highly desirable Fishhawk Ranch master planned community in Southeast Hillsborough County, within the Tampa MSA. Fishhawk Ranch features top-ranked public schools, strong income demographics, and abundant lifestyle amenities including green spaces, walking trails, and neighborhood retail within a quiet, low-density setting. With limited new construction and high barriers to entry in the area, Circa is the only multifamily property within the community, uniquely positioned in one of Tampa’s most sought-after residential markets.

Built in 2015, the asset is well-amenitized featuring large floorplans, direct entry townhome units, attached and detached garages, elevator serviced buildings with air conditioned interior corridors, and premium amenities including a large clubhouse with residential lounge, business center, conference room, fitness center, and resort-style zero-entry pool with pavilion. The renovation program will focus on enhancing the existing amenity package, modernizing exterior curb appeal, and implementing targeted upgrades to the apartment interior finishes.

“We are very excited to acquire this off-market opportunity with one of our longstanding operating partners,” said Kevin Weidman, a Director at LEM. “The quality of this asset and location offers downside protection for our investors, and the investment reflects our conviction in Tampa’s long-term growth.”

About LEM Capital

LEM Capital is a real estate private equity firm with a 23-year track record focused on protecting investors’ downside and building portfolios to help deliver dependable current cash flow and equity upside through good and bad cycles.

The team consists of multifamily experts that seek to acquire well-located apartment properties where LEM can create value through physical upgrades and implementation of better management practices. The firm’s approach combines the local, long-term market knowledge and day-to-day management of its network of nationwide operating partners with LEM’s disciplined investment selection, rigorous due diligence process and intensive asset management oversight, all led by the firm’s partners. LEM’s goal is to deliver attractive risk-adjusted returns to its investors while safeguarding capital.

Since 2002, LEM has raised approximately $1.8 billion in investor commitments and invested over $9.2 billion in real estate value contributing to their expertise in structuring, execution and asset management. This includes acquiring over 27,000 value-add apartment units since 2011.

 Notes: All data as of June 30, 2025, unless otherwise noted.

Philadelphia, PA – LEM Capital, L.P. (“LEM”), in collaboration with JLL’s Capital Markets group (“JLL”), hosted its fourth annual Charity Golf Benefit on Monday, July 21, 2025. The event, which again benefited Habitat for Humanity Philadelphia (“HFHP”), raised $85,000. HFHP is an independently chartered affiliate of Habitat for Humanity International, the largest nonprofit homebuilder worldwide. Locally, HFHP’s mission is to transform lives and its neighborhoods by building and repairing homes in partnership with families in need and uniting all Philadelphians around the cause of affordable housing. The HFHP vision is a city where all Philadelphians live in safe, affordable homes.

“Every single dollar raised through this golf outing propels Habitat’s mission forward – empowering us to say ‘yes’ to the next family in need of a decent, affordable home,” said Corinne O’Connell, CEO of Habitat for Humanity Philadelphia. “We’re so thankful to build community alongside the incredible folks at LEM and JLL.”

A highlight of the event was hearing from two incredible Habitat staff members: Rita Calicat, Director of Homeowner Services, and Cree Kull, Project Manager of Home Repairs. Rita shared insights into her hands-on role, supporting homeowners throughout their entire journey—from loan approval and homeownership education to ongoing check-ins. Cree spoke about the meaningful impact of repairing homes for existing homeowners and shared a poignant story about fixing a large hole in the kitchen ceiling of an elderly homeowner who had been cooking on a hot plate in their living room.

“Our 4th Annual Golf Charity Event in support of Habitat for Humanity was a tremendous success — bringing together 100 golfers for a day of community, purpose, and impact. Over the past four years, we’ve raised more than $275,000 to help Habitat continue their vital work supporting vulnerable homeowners across Philadelphia. This year, we were especially inspired by the stories shared by Habitat’s team, which reminded us just how powerful safe, affordable housing can be in transforming lives and neighborhoods,” said Jennifer Clausen, Partner at LEM.

“JLL is proud to have participated in the annual Habitat for Humanity charity golf outing with LEM.  Providing affordable housing and the dignity that comes with it is a wonderful mission and we are happy to contribute to this effort year after year,” said Ryan Ade, Senior Managing Director at JLL.

To learn more about Habitat for Humanity Philadelphia’s mission, please visit www.habitatphiladelphia.org.

About LEM Capital

LEM Capital is a real estate private equity firm with a 23-year track record focused on protecting investors’ downside and building portfolios to help deliver dependable current cash flow and equity upside through good and bad cycles.

The team consists of multifamily experts that seek to acquire well-located apartment properties where LEM can create value through physical upgrades and implementation of better management practices. The firm’s approach combines the local, long-term market knowledge and day-to-day management of its network of nationwide operating partners with LEM’s disciplined investment selection, rigorous due diligence process and intensive asset management oversight, all led by the firm’s partners. LEM’s goal is to deliver attractive risk-adjusted returns to its investors while safeguarding capital.

Since 2002, LEM has raised approximately $1.8 billion in investor commitments and invested over $9.2 billion in real estate value contributing to their expertise in structuring, execution and asset management. This includes acquiring over 27,000 value-add apartment units since 2011.¹

About JLL

For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 112,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.

Notes: 1 – As of August 11, 2025.  2 – As of August 11, 2025.

Philadelphia, PA – LEM Capital, L.P. (“LEM”) has acquired Reserve South Apartments (the “Property”), a 200-unit multifamily community built in 1987. LEM plans to execute a comprehensive value-add business plan that will improve the Property’s exteriors, expand and modernize the amenity set, and improve the existing unit interior finishes. The Property was acquired in partnership with McCann Realty Partners, a repeat, locally based operating partner.

Located in the Southside Richmond submarket, the Property benefits from easy access to many of the region’s prominent transportation routes such as Midlothian Turnpike, Chippenham Parkway, and Powhite Parkway. Major employment nodes within a two-mile radius of the Property include Chippenham Hospital, Springline at District 60, and the Boulders Office Park, which encompasses over half a million square feet of suburban office space. Continued investment by the Chesterfield County Economic Development Authority and the private sector should further strengthen the area’s economic fundamentals, support job growth, and enhance demand for high-quality housing in the area.

Reserve South is situated in a quiet residential neighborhood and offers residents a low density, garden style setting. The Property has a swimming pool, a fitness center, outdoor grilling station, sport court, dog park, and resident lounge. The renovation plans for the Property include enhancing the existing amenity set, improving the building exteriors and landscaping, and renovating apartment interiors.

“Our acquisition of Reserve South represents an opportunity to enhance and preserve quality workforce housing at a moderate price point,” said David Lazarus, a Managing Director at LEM. “We believe the Property offers a mix of operational and physical upside while providing downside protection for our investors.”

About LEM Capital

LEM Capital is a real estate private equity firm with a 23-year track record focused on protecting investors’ downside and building portfolios to help deliver dependable current cash flow and equity upside through good and bad cycles.

The team consists of multifamily experts that seek to acquire well-located apartment properties where LEM can create value through physical upgrades and implementation of better management practices. The firm’s approach combines the local, long-term market knowledge and day-to-day management of its network of nationwide operating partners with LEM’s disciplined investment selection, rigorous due diligence process and intensive asset management oversight, all led by the firm’s partners. LEM’s goal is to deliver attractive risk-adjusted returns to its investors while safeguarding capital.

Since 2002, LEM has raised approximately $1.8 billion in investor commitments and invested over $9.2 billion in real estate value contributing to their expertise in structuring, execution and asset management. This includes acquiring over 27,000 value-add apartment units since 2011.

 Notes: All data as of June 30, 2025, unless otherwise noted.

PRESS RELEASE – FOR IMMEDIATE RELEASE

LEM Capital Announces 2024 Team Promotions

Philadelphia, PA – LEM Capital, L.P. (“LEM”) recently announced the promotion of two team members to new positions in the Firm.

Steven DiLemme, who leads the Accounting Team and has been with the Firm for 13 years, was promoted to Chief Financial Officer.

Aaron Seidman, a member of the Acquisitions Team was promoted to Associate.

“We’re pleased to celebrate the promotions of two valued team members. Their commitment and impact have been key to our success, and we’re confident they will continue to excel as they step into their new roles”, said Greg Biester, Partner at LEM.

About LEM Capital

LEM Capital is a real estate private equity firm with a 22-year track record focused on protecting investors’ downside and building portfolios to help deliver dependable current cash flow and equity upside through various market cycles.

The team consists of multifamily experts that seek to acquire well-located apartment properties where LEM can add value to help increase rents through physical upgrades and implementation of better management practices. The firm’s approach combines the local, long-term market knowledge and day-to-day management of its network of nationwide operating partners with LEM’s disciplined investment selection, rigorous due diligence process and intensive asset management oversight, all led by the firm’s partners. LEM’s goal is to deliver attractive risk-adjusted returns to its investors while safeguarding capital.

Since 2002, LEM has raised approximately $1.8 billion in investor commitments and invested over $9.2 billion in real estate, contributing to their expertise in structuring, execution and asset management. This includes acquiring over 27,000 value-add apartment units since 2011.

Notes: All data as of December 31, 2024 unless otherwise noted.

Philadelphia, PA – LEM Capital, L.P. (“LEM” or the “Firm”) today reflected on their strategic approach to 2024 and shared highlights from their ongoing efforts to stabilize and grow their multifamily portfolio.

“Our focus for our active portfolio this past year has remained consistent—strategic portfolio management with a focus on occupancy and efficiencies,” said Greg Biester, Partner, and Co-Head of Investments. “We executed on several key refinances which gives us the option to hold or sell depending on market dynamics.”

In 2024, the transactions market continued to be challenging. In a time when capital markets were unpredictable and interest rates continued to fluctuate, LEM remained steadfast in their disciplined acquisitions process. “We’ve been patient in identifying storied opportunities to add to our portfolio,” said Allison Bradshaw, Partner, and Co-Head of Investments. “We are excited about the two acquisitions we made this year, both in markets with very limited supply and distinct demand drivers.” The first acquisition is located in Longmont (Boulder), CO, a submarket with minimal new multifamily supply and strong renter demand driven by the significant gap between the cost of owning a home and renting. The second acquisition is in Woodland (Sacramento), CA, a submarket that benefits from a limited new development pipeline and significant barriers to entry, leading to a favorable operating environment and increased demand for multifamily. Many of LEM’s other target markets have faced a surge in new apartment supply over the past two years.¹ Despite this near-term influx of inventory, the long-term undersupply of housing across the U.S. remains significant with persistent demand for available inventory.² LEM anticipates that as construction starts continue to decline and new units are absorbed, the near-term supply/demand imbalance should level off.³

LEM is optimistic about 2025 and the opportunities that lie ahead. “We are well-positioned with ample equity to invest in what we believe will be a good time to be an active buyer as a new market cycle begins,” added Jennifer Clausen, Partner, and Head of Investor Relations. “Our focus for 2025 is to continue identifying compelling opportunities to add to the Portfolio, while working alongside our Operating Partners to execute effectively on our business plans.”

About LEM Capital

LEM Capital is a real estate private equity firm with a 22-year track record focused on protecting investors’ downside and building portfolios to help deliver dependable current cash flow and equity upside through various market cycles.

The team consists of multifamily experts that seek to acquire well-located apartment properties where LEM can add value to help increase rents through physical upgrades and implementation of better management practices. The firm’s approach combines the local, long-term market knowledge and day-to-day management of its network of nationwide operating partners with LEM’s disciplined investment selection, rigorous due diligence process and intensive asset management oversight, all led by the firm’s partners. LEM’s goal is to deliver attractive risk-adjusted returns to its investors while safeguarding capital.

Since 2002, LEM has raised approximately $1.8 billion in investor commitments and invested over $9.2 billion in real estate, contributing to their expertise in structuring, execution and asset management. This includes acquiring over 27,000 value-add apartment units since 2011.

Notes – All data as of December 31, 2024, unless otherwise noted. In considering the Firm’s 2025 goals, reader should bear in mind these are hypothetical and are not a guarantee of future results. 1 – Yardi Matrix, Q3 2024. 2 – “The U.S. is now short 4.5 million homes as the housing deficit grows”, Zillow, June 18, 2024. 3 – Inventory forecast includes single-family rentals and affordable housing and excludes student housing; Yardi Matrix, Q3 2024.

Philadelphia, PA – LEM Capital, L.P. (“LEM”) has acquired The Fairmont (the “Property”), a 192-unit multifamily community built in 1986. LEM plans to execute a comprehensive value-add business plan that will improve the Property’s exteriors, expand and modernize the amenity set, and improve the existing unit interior finishes, including the addition of washer and dryer connections in every apartment. The Property was acquired in partnership with a repeat, West Coast based operating partner.

Located in Woodland, CA, a suburb of Sacramento, the Property benefits from easy access to many of the region’s prominent employment nodes via I-5, such as the Natomas industrial corridor, the University of California, Davis, and Sacramento’s Central Business District. Woodland offers residents a charming, small town feel with a vibrant main street and multiple large retail centers at an affordable price point compared to the adjacent City of Davis. Limited new residential construction and high barriers to entry should bode well for multifamily fundamentals in the Woodland submarket.

The Fairmont is situated in a quiet residential neighborhood and offers residents a low density, garden style setting. The Property has a swimming pool, a fitness center, and a clubhouse. The renovation plans for the Property include enhancing the existing amenity set, improving the building exteriors and landscaping, and renovating apartment interiors which will include the addition of washers and dryers.

“We are very excited to acquire this off-market opportunity,” said Kevin Weidman, a Director at LEM. “The Property offers a mix of operational and physical upside in a desirable, supply constrained submarket”.

About LEM Capital

LEM Capital is a real estate private equity firm with a 22-year track record focused on protecting investors’ downside and building portfolios to help deliver dependable current cash flow and equity upside through good and bad cycles.

The team consists of multifamily experts that seek to acquire well-located apartment properties where LEM can add value to help increase rents through physical upgrades and implementation of better management practices. The firm’s approach combines the local, long-term market knowledge and day-to-day management of its network of nationwide operating partners with LEM’s disciplined investment selection, rigorous due diligence process and intensive asset management oversight, all led by the firm’s partners. LEM’s goal is to deliver attractive risk-adjusted returns to its investors while safeguarding capital.

Since 2002, LEM has raised approximately $1.8 billion in investor commitments and invested over $9.2 billion in real estate value contributing to their expertise in structuring, execution and asset management. This includes acquiring over 27,000 value-add apartment units since 2011.

Notes: All data as of September 30, 2024 unless otherwise noted.

Philadelphia, PA – LEM Capital, L.P. (“LEM”), in collaboration with JLL’s Capital Markets group (“JLL”), hosted its third annual Charity Golf Benefit on Monday, July 22, 2024. The event, which again benefited Habitat for Humanity Philadelphia (“HFHP”), raised over $80,000. HFHP is an independently chartered affiliate of Habitat for Humanity International, the largest nonprofit homebuilder worldwide. Locally, HFHP’s mission is to transform lives and its neighborhoods by building and repairing homes in partnership with families in need and uniting all Philadelphians around the cause of affordable housing. The HFHP vision is a city where all Philadelphians live in safe, affordable homes.

“Together – LEM Capital and Habitat Philadelphia – we are in the business of building community. Thank you for your continued partnership, opening doors of opportunity through affordable homeownership,” said Corinne O’Connell, CEO, Habitat Philadelphia.

The event’s highlight came from a Habitat homeowner and employee, Audreyelaine, who shared, “Having a stable home allowed me to elevate and educate myself—completing my GED, enrolling in college, and taking public speaking classes. I’m proud to continue partnering with Habitat Philadelphia, reaching back to help others move forward.” Her story of how a stable home empowered her to pursue her dreams is truly inspiring.

“We are deeply grateful to our sponsors, donors, and participants for making this year’s outing such a tremendous success,” said David Lazarus, Managing Director at the firm. “Every dollar raised furthers Habitat’s mission to preserve our city’s housing stock and empowers families by providing not just a home, but the chance to build generational wealth through homeownership.”

“The 2024 LEM-JLL charity golf event to benefit Habitat for Humanity was a great success.  We value our partnership with LEM, and we thank all of our sponsors for their continued support of Habitat’s mission to bring people together to build homes and communities.” said Ryan Ade, Senior Managing Director at JLL.

“Habitat for Humanity Philadelphia builds strength, stability, and self-reliance through shelter. By providing affordable homeownership opportunities and critical home repairs, they empower families and revitalize neighborhoods, fostering a community where everyone has a decent place to live.” said Jennifer Clausen, Partner at LEM.

To learn more about Habitat for Humanity Philadelphia’s mission, please visit www.habitatphiladelphia.org.

About LEM Capital

LEM Capital is a real estate private equity firm with a 22-year track record focused on protecting investors’ downside and building portfolios to help deliver dependable current cash flow and equity upside through good and bad cycles.

The team consists of multifamily experts that seek to acquire well-located apartment properties where LEM can add value to help increase rents through physical upgrades and implementation of better management practices. The firm’s approach combines the local, long-term market knowledge and day-to-day management of its network of nationwide operating partners with LEM’s disciplined investment selection, rigorous due diligence process and intensive asset management oversight, all led by the firm’s partners. LEM’s goal is to deliver attractive risk-adjusted returns to its investors while safeguarding capital.

Since 2002, LEM has raised approximately $1.8 billion in investor commitments and invested over $9.1 billion in real estate value contributing to their expertise in structuring, execution and asset management. This includes acquiring over 27,000 value-add apartment units since 2011.¹

About JLL

For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 110,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.²

Notes: 1 – As of August 20, 2024.  2 – As of August 20, 2024.

Philadelphia, PA – LEM Capital, L.P. (“LEM”) has acquired Trail Ridge Flats and Townhomes (the “Property”), a 102-unit property formerly known as Eastglen Apartments, built in 1996 in Longmont, CO (“Longmont”).  LEM plans to execute a value-add business plan that will improve the Property’s unit interior finishes while simultaneously enhancing the existing amenity set and exteriors. The Property was acquired through a joint-venture partnership with a locally based operating partner.

Situated within the Boulder, CO MSA, the Property benefits from easy access to downtown Boulder via State Highway 119. Residents are a short drive away from some of the region’s top employers, including various aerospace and engineering firms, climate tech companies, and other rapidly growing sectors. Furthermore, the growth restrictions that exist in most of Boulder County have put significant housing demand pressure on Longmont as it remains one of the only relatively affordable places to live in the Boulder area. The Property is within walking distance to Longmont’s Main Street, which offers a vibrant walkable pedestrian area and is home to a variety of shops, restaurants, and entertainment venues.

Trail Ridge Flats and Townhomes features an attractive unit mix of one-bedroom flats and unique two story “townhome style” floorplans which differentiate the Property amongst the competitive set. The business plan also contemplates the addition of a leasing center, a playground, grill & BBQ areas, enhancing the pool deck, and a complete rebranding of the Property.

“We are very excited about the opportunity to acquire a well-located property with significant management and physical upside in Boulder County,” said David Lazarus, a Managing Director at LEM. “The Boulder MSA continues to benefit from robust employment growth and offers residents a high quality of life, especially for individuals seeking access to world class outdoor recreation opportunities.”

About LEM Capital

LEM Capital is a real estate private equity firm with a 22-year track record focused on protecting investors’ downside and building portfolios to help deliver dependable current cash flow and equity upside through good and bad cycles.

The team consists of multifamily experts that seek to acquire well-located apartment properties where LEM can add value to help increase rents through physical upgrades and implementation of better management practices. The firm’s approach combines the local, long-term market knowledge and day-to-day management of its network of nationwide operating partners with LEM’s disciplined investment selection, rigorous due diligence process and intensive asset management oversight, all led by the firm’s partners. LEM’s goal is to deliver attractive risk-adjusted returns to its investors while safeguarding capital.

Since 2002, LEM has raised approximately $1.8 billion in investor commitments and invested over $9.1 billion in real estate value contributing to their expertise in structuring, execution and asset management. This includes acquiring over 27,000 value-add apartment units since 2011.

Notes: All data as of March 31, 2024, unless otherwise noted.