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Philadelphia, PA – LEM Capital, L.P. (“LEM”) today announced $1.23 billion in transaction volume in 2021 along with other key milestones. Their 2022 goals reflect a continuing trend of robust activity in acquisitions and dispositions.

2021 Accomplishments

• Over $1.2 billion in total transaction volume
• 8 property acquisitions totaling 2,800 units
• 9 property sales totaling 2,500 units
• 3 loan refinances
• Named Best Real Estate Manager (fund size <$1bn) by Private Equity Wire¹
• 9 team members promoted

2022 Goals

• Acquire $650 million of value-add multifamily properties (8-10 properties)
• Continue focus on primary suburban markets on the East and West coasts, major sunbelt markets, including the four major cities in Texas, and Nashville, Chicago, Minneapolis, Phoenix, and Denver
• Expand acquisitions team with 1 new hire
• Add 2-4 new third-party Operating Partners

Sales and Acquisitions

“There was an incredible amount of activity in the multifamily sector last year and we were an active participant on both acquisitions and dispositions,” said Greg Biester, Partner and Co-Head of Investments. “We executed 9 sales valued at over $565 million with additional deals under contract going into the new year. The appetite for well-located, infill multifamily product continues to grow especially in the suburban “smile” markets where we invest like Atlanta, Phoenix, Sacramento and Tampa.”

“2021 was our biggest year in terms of acquisitions transaction volume. We acquired 8 properties and over $650 million of total real estate exceeding our original goal for the year and continuing to grow our multifamily footprint across the US,” said Allison Bradshaw, Partner and Co-Head of Investments at LEM. “We took advantage of the strong market momentum to transact on assets that we believe are well-positioned for growth. Our entrepreneurial size and Operating Partner relationships enabled us to successfully navigate a very competitive market environment and should help us create long-term value for our investors.”

LEM’s value-add multifamily investment program targets equity investments ranging between $10 million and $35 million per property, with total capitalizations ranging from $35 million to $90 million. “LEM’s value-add business plans typically contemplate upgrades to apartment interiors, common areas and a particular focus on the amenities with the goal of providing a ‘like-new’ experience at a moderate price point for the average working-class American renter.  We work closely with our Operating Partners to help them source and win deals and then work side by side to develop and implement business plans that seek to create value over our typical 4-5-year hold periods,” said Herb Miller, a Co-Founder and Managing Partner.  “2021’s results bring our total volume of transactions since 2011 to 106 properties acquired and 72 sold.”²  Since the firm was founded in 2002, LEM has raised over $1.65 billion of investor capital.³

Firm Developments

In recognition of the Firm’s performance in 2021, several team members were promoted. Chris Potavin, a Director on the Acquisitions Team and lead on the Firm’s Debt relationships, was promoted to Managing Director. Chris covers acquisitions in the major Texas markets as well as Nashville and the Carolina markets. Brendan Warrington was promoted from Analyst to Associate on the Acquisitions team. Alex Giacco, who transitioned to the Acquisitions team mid-year from Asset Management, was promoted from Analyst to Senior Analyst.

Luke Perl, Head of Asset and Portfolio Management, was promoted to Managing Director from Director. Jamie Bittenbender was promoted from Operations Coordinator to Vice President, Operations and Jenil Shah, a member of the Portfolio Management Team, was promoted from Analyst to Senior Analyst. As noted in a prior release, Allison Bradshaw, Greg Biester and Jennifer Clausen were all promoted to Partner.

In October, LEM was named “Best Real Estate Manager” by Private Equity Wire based on data provided by Bloomberg. LEM’s award was in the under $1bn fund size category.¹ “We are honored to be recognized for our consistent fund performance over the past five years. It is especially gratifying to be named in this category since we believe our boutique fund size allows us to remain disciplined and is a major reason for our performance,” said LEM Founding Partner Jay Eisner.

About LEM Capital

LEM Capital is a real estate private equity firm with a 19-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 and 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 local partners with LEM’s disciplined investment selection, rigorous due diligence process and intensive asset management oversight. LEM’s goal is to deliver attractive risk-adjusted returns to its investors while safeguarding capital.

Notes:  All Data as of December 31, 2021 unless otherwise noted. 1 – The Private Equity Wire Awards follow a clear and transparent process. For the GP manager fund performance category, the pre-selected shortlists are based on data provided from Bloomberg. Candidates in all categories and asset size groupings were determined as following methodology: 1) The fund manager universe included all funds managed by US-headquartered GPs. 2)All funds in each category were grouped into their respective vintages and ranked on the basis of their net IRRs as at the end of 2020. 3) For the performance categories, five vintages of funds were analyzed – 2015, 2016, 2017, 2018 and 2019. 4) All GPs that had more than one fund ranked among the top performers across those five vintages were shortlisted for that category. 5) For the asset band groupings, asset thresholds were based on the respective individual fund sizes – not the overall assets under management of the GP in that category. Voting for the eventual winners is then conducted via an extensive online poll of the Private Equity Wire readership over a period of several weeks. Private Equity Wire US Awards is not affiliated with LEM. Awards and recognitions by unaffiliated rating services, companies, and/or publications should not be construed by a client or prospective client as a guarantee that the client will experience a certain level of results if LEM is engaged, or continues to be engaged, to provide investment advisory services; nor should they be construed as a current or past endorsement of LEM by any of its clients. Such rating may not be representative of any one client’s experience. Rankings published by Private Equity Wire US Awards are not prepared by LEM. Working with a Private Equity Wire US Awards recipient is no guarantee of future investment success, nor is there any guarantee that the identified firms will be awarded this accomplishment in the future. LEM did not pay a fee to participate in the Private Equity Wire US Awards rankings. The rating is not indicative of LEM’s future performance. 2 – As of December 16, 2021. 3 – As of January 15, 2022.

Philadelphia, PA – LEM Capital, L.P. (“LEM”) has acquired Archer Medical District (the “Property”), a 2009-vintage, 396-unit apartment community located in the Medical District submarket of Dallas, TX.  LEM plans to execute a comprehensive value-add business plan to upgrade the Property’s interiors, exteriors, and amenities.  The Property was acquired in partnership with a repeat local operating partner.

Archer Medical District is located within the Southwestern Medical District, a 1,000+ acre medical complex anchored by the region’s three largest hospital systems: UT Southwestern Medical Center, Parkland Health & Hospital System, and Children’s Health.  The three hospitals service more than three million patients annually and employ 37,000 individuals.  Adjacent to the Medical District are the submarkets of Uptown and Highland Park, both of which boast highly favorable demographics.  Furthermore, the Property is located less than three miles from Dallas Love Field Airport, which services more than 40,000 daily passengers and serves as the headquarters for Southwest Airlines.

The Property features a desirable mix of studio, one- and two-bedroom floorplans which should attract a broad base of renters.  LEM believes that there is an opportunity to upgrade interior finishes to create best in class units within the submarket that will rent for a significant discount to new construction.  The business plan also includes a clubhouse renovation that will reconfigure the layout, relocating and enlarging the fitness center to make better use of the space.  Amenity upgrades also include enhancing the two pools with new furniture, grill stations, and pergolas where appropriate.  The Property’s tired entrance will be activated through painting the exteriors, enhancing the overall sense of arrival with new branding and signage, and improving landscaping and curb appeal.

“Archer Medical District represents a unique opportunity to acquire an institutionally-maintained Property at an attractive basis with a successful, repeat operating partner,” said Chris Potavin, a Managing Director at LEM.  “The Property has significant physical upside and is in a great location that should benefit from the growth of the Medical Center and its proximity to the most affluent areas of the city.”

About LEM Capital

LEM Capital is a real estate private equity firm with a 19-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 and 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 local partners with LEM’s disciplined investment selection, rigorous due diligence process and intensive asset management oversight. LEM’s goal is to deliver attractive risk-adjusted returns to its investors while safeguarding capital.

Since 2002, LEM has raised over $1.5 billion in investor commitments(1) and has acquired over 25,000 value-add apartment units since 2011.(2)

Notes: 1 – As of December 15, 2021. 2 – As of December 16, 2021.

Philadelphia, PA – Principals Greg Biester and Jennifer Clausen have been promoted to Partner at LEM Capital (“LEM”) expanding the Firm’s leadership to a team of five. Previously in January 2021, the Co-Founders of LEM – Jay Eisner and Herb Miller – welcomed Allison Bradshaw to the partnership. Together, the five partners will run the day-to-day business of the Firm and all strategic decision-making.

“Over the past 20 years, we have strived to compete at the top of our peer group. Today’s team is exceptionally strong, having established a track record of success. We’re excited about the future leadership from Allison, Greg and Jenn,” said Jay Eisner.

Mr. Biester, who is also Co-Head of Investments with Ms. Bradshaw, joined LEM in 2015 to lead asset management and sales. Mr. Biester and Ms. Bradshaw oversee acquisitions, asset management, and portfolio management. Greg’s 17 years in the commercial real estate industry spans various sectors including brokerage, asset and portfolio management and accounting.

“Over the past five years, Greg has overseen the disposition of $2.8bn in real estate across 60 transactions. He has established great relationships across the board with operating partners, brokers and the broader commercial real estate community,” said Herb Miller. “This past year, he stepped into a leadership role on the acquisitions team and has actively sourced new transactions.”

Ms. Clausen, who is Head of Investor Relations, joined LEM in 2016 and manages the capital raising and investor relations for the Firm’s private equity funds. She also oversees the Diversity, Equity & Inclusion program at LEM, as well as Environmental, Social, Governance, and brand management initiatives. Since 2009, Ms. Clausen has worked in fundraising and investor relations in the hedge fund and private equity industries, with experience at a global macro hedge fund, mid-cap activist fund, and private equity real estate.

“Jenn has not only deepened relationships with our existing investors, but also opened up new opportunities for the Firm. She knows how to truly convey the LEM story and value proposition, which has helped us raise over $825 million in our recent funds,” said Allison Bradshaw. “I am thrilled to work with Jenn and Greg as Partners. We share a common vision and goal around the Firm’s culture, growth, and future as a leader in our field and the markets in which we operate.”

About LEM Capital

LEM Capital is a real estate private equity firm with a 19-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 and 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 local partners with LEM’s disciplined investment selection, rigorous due diligence process and intensive asset management oversight. LEM’s goal is to deliver attractive risk-adjusted returns to its investors while safeguarding capital.

Since 2002, LEM has raised over $1.5 billion in investor commitments(1) and has acquired over 25,000 value-add apartment units since 2011(2).

Notes:  (1) As of December 15, 2021. (2) As of December 16, 2021.

Philadelphia, PA – LEM Capital, L.P. (“LEM”) has acquired Park West End (the “Property”), a 312-unit apartment community located in the Northwest submarket of Richmond that was built in 1985. LEM plans to execute a comprehensive value-add business plan to upgrade the Property’s interiors, exteriors, and amenities. The Property was acquired in partnership with a repeat local operating partner.

The Northwest Richmond submarket is adjacent to Downtown and has grown steadily over the past several years. The Property is centrally located in the Richmond submarket, home to companies such as Capital One, VCU Health, HCA Health, Dominion Energy, and Truist. The Property’s location proximate to the intersection of N Broad St and I-64 provides easy access to Richmond’s major economic drivers, including Short Pump Town Center and Innsbrook Office Park.

Park West End features a desirable mix of one and two-bedroom floorplans which should attract a broad base of renters. LEM believes that there is an opportunity to substantially upgrade interiors to create best in class units. The business plan also includes a comprehensive exterior and amenity renovation plan to improve the clubhouse facility and pool area, exterior curb appeal and overall entrance experience, and landscaping throughout the Property.

“Park West End represents a unique opportunity to acquire a well-located Property in a transforming submarket with one of our most successful operating partners,” said Gregory Biester, a Principal at LEM. “The Property has significant physical upside, and we believe that it will benefit greatly from the positive demographic trends in the submarket and the Richmond MSA.”

About LEM Capital

LEM Capital is a real estate private equity firm with a 19-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 and 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 local partners with LEM’s disciplined investment selection, rigorous due diligence process and intensive asset management oversight. LEM’s goal is to deliver attractive risk-adjusted returns to its investors while safeguarding capital.

Since 2002, LEM has raised over $1.5 billion in investor commitments(1) and has acquired over 25,000 value-add apartment units since 2011.(2)

Notes: (1) As of December 15, 2021. (2) As of December 16, 2021.

Philadelphia, PA – LEM Capital, L.P. (“LEM”) today announced a summary of its third quarter capital markets activity, which included three acquisitions, three dispositions, and one refinance representing over $493mm in transaction volume. LEM made acquisitions in Nashville, Phoenix and Sacramento between August and September. In addition, LEM sold three properties totaling 700 units, which traded in suburban markets in Atlanta, Phoenix, and Los Angeles, with a total sales volume of over $178 million. Over the past two years, LEM has completed 23 dispositions,1 totaling over $1.2 billion in sales proceeds.

“We are seeing strong demand for our properties once we complete our value-add business plans, especially in diverse growth markets like Sacramento, Phoenix, Atlanta and Tampa,” said Greg Biester, Principal and Co-Head of Investments for LEM. “Our dispositions have been efficient with a variety of buyers bidding through a competitive process.”

Since 2011, LEM has acquired 103 multifamily properties and sold 71 assets, with ten acquisitions and six dispositions taking place post-COVID. Currently, LEM is actively marketing or negotiating the sale of two additional properties with more potential sales on the horizon.
“On the acquisition front, we are on track to have our best year for transaction volume since we started our value-add strategy in 2012,”2 said Allison Bradshaw, Partner of LEM. The LEM team is continuing to actively monitor its target markets and economic conditions, looking for compelling and unique opportunities to add to its portfolio.

LEM invests in apartment properties located in primary and secondary suburban markets on the east and west coasts, the four major cities in Texas, Phoenix, Denver, Minneapolis, Chicago, Nashville and other cities on a select basis. “We invest and partner with locally based, best-in-class operating partners, who really have their pulse on the market,” said Jay Eisner, Managing Partner of LEM. “We work side by side to identify unique investment opportunities in today’s competitive market.”

About LEM Capital

LEM Capital is a real estate private equity firm with an 19-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 are 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 over $1.3 billion in investor commitments and invested over $8 billion in real estate contributing to their expertise in structuring, execution and asset management. This includes acquiring over 24,000 value-add apartment units since 2011.3

Notes: 1 – Includes all sales closed between 3Q2019 to 3Q2021. 2 – Based on total LEM equity invested. There is no guaranty deals in the pipeline will close until final. 3 – As of October 7, 2021.

LEM Capital, L.P. (“LEM”) is pleased to announce the firm has been named “Best Real Estate Manager” by Private Equity Wire based on data provided by Bloomberg. LEM’s award was in the under $1bn fund size category.

“We are honored to be recognized for our consistent fund performance over the past five years. It is especially gratifying to be named in this category since we believe our boutique fund size allows us to remain disciplined and is a major reason for our performance,” said LEM Founding Partner Jay Eisner.

“This is a reflection of the hard work and accomplishments of everyone on our team,” added Partner Allison Bradshaw.

“We have always focused on protecting our investors’ downside and we believe that, combined with our value-add multifamily strategy, has been fundamental to our results over time” said Herb Miller, Founding Partner.

See below for full methodology regarding the selection of a PE Wire Award Winner.

About LEM

LEM Capital is a real estate private equity firm with a 19-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 and 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 local partners with LEM’s disciplined investment selection, rigorous due diligence process and intensive asset management oversight. LEM’s goal is to deliver attractive risk-adjusted returns to its investors while safeguarding capital.

Since 2002, LEM has raised over $1.4 billion in investor commitments1 and has acquired over 24,000 value-add apartment units since 2011.2

Disclosure

The Private Equity Wire Awards follow a clear and transparent process. For the GP manager fund performance category, the pre-selected shortlists are based on data provided from Bloomberg. Candidates in all categories and asset size groupings were determined as following methodology: 1) The fund manager universe included all funds managed by US-headquartered GPs. 2)All funds in each category were grouped into their respective vintages and ranked on the basis of their net IRRs as at the end of 2020. 3) For the performance categories, five vintages of funds were analyzed – 2015, 2016, 2017, 2018 and 2019. 4) All GPs that had more than one fund ranked among the top performers across those five vintages were shortlisted for that category. 5) For the asset band groupings, asset thresholds were based on the respective individual fund sizes – not the overall assets under management of the GP in that category. Voting for the eventual winners is then conducted via an extensive online poll of the Private Equity Wire readership over a period of several weeks.

Private Equity Wire US Awards is not affiliated with LEM. Awards and recognitions by unaffiliated rating services, companies, and/or publications should not be construed by a client or prospective client as a guarantee that the client will experience a certain level of results if LEM is engaged, or continues to be engaged, to provide investment advisory services; nor should they be construed as a current or past endorsement of LEM by any of its clients. Such rating may not be representative of any one client’s experience. Rankings published by Private Equity Wire US Awards are not prepared by LEM. Working with a Private Equity Wire US Awards recipient is no guarantee of future investment success, nor is there any guarantee that the identified firms will be awarded this accomplishment in the future. LEM did not pay a fee to participate in the Private Equity Wire US Awards rankings. The rating is not indicative of LEM’s future performance.

Notes: 1 – As of October 20, 2021. 2 – As of August 2, 2021.

Philadelphia, PA – LEM Capital, L.P. (“LEM”) has acquired Arbor Hills Apartments (the “Property”), a 548-unit apartment community in Nashville, TN. This is LEM’s first acquisition in the Nashville market. The Property, which was built in two phases between 1987 and 1988, is centrally located in Antioch, a fast-growing submarket within the greater Nashville MSA.  LEM plans to execute a comprehensive value-add business plan to upgrade the Property’s interiors, exteriors, and amenities.  The Property was acquired in partnership with a repeat operating partner.

Arbor Hills benefits from its proximity to I-24 which connects residents to Nashville’s largest employment centers within a 25-minute drive.  The Downtown Nashville, Cool Springs, and Brentwood office submarkets are all within easily commutable distance to the Property and provide the MSA with over 280K jobs and 34.4 million square feet of office space.  Historically viewed as the value-alternative area to higher priced submarkets such as Brentwood and downtown Nashville, Antioch has seen numerous high-profile job announcements in recent years.  With major mixed-use redevelopment projects underway, the submarket is poised for growth due to its infill and centralized location.

Arbor Hills Apartments features a desirable mix of one-, two- and three-bedroom floorplans which should attract a broad base of renters.  LEM believes that there is an opportunity to substantially upgrade interior finishes to create best in class units.  The business plan also includes a comprehensive exterior and amenity renovation plan to improve the clubhouse facility and pool area, exterior curb appeal and sense of arrival, and landscaping throughout the Property.

“Arbor Hills represents a unique opportunity to acquire a well-located Property with an experienced, repeat operating partner,” said Chris Potavin, a Director at LEM.  “The Property has significant physical upside, and we believe that it will benefit greatly from the influx of high-quality jobs in Antioch.”

About LEM Capital

LEM Capital is a real estate private equity firm with a 19-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 and 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 local partners with LEM’s disciplined investment selection, rigorous due diligence process and intensive asset management oversight. LEM’s goal is to deliver attractive risk-adjusted returns to its investors while safeguarding capital.

Since 2002, LEM has raised over $1.4 billion in investor commitments¹ and has acquired over 24,000 value-add apartment units since 2011.²

Notes: 1 – As of July 9, 2021. 2 – As of August 2, 2021.

Philadelphia, PA – LEM Capital, L.P. (“LEM”) today announced the acquisition of its 100th multifamily property. The firm, which recently celebrated its 19th anniversary, has been investing exclusively in suburban value-add multifamily properties since 2011.

“We are excited to announce our 100th multifamily acquisition,” said Jay Eisner, Co-Founder and Managing Partner of LEM. “We have built a strong team of multifamily experts that should continue to position LEM well in today’s competitive environment.” LEM’s value-add multifamily investment program targets equity investments ranging between $5 million and $25 million per property, with total capitalizations ranging from $35 million to $90 million.

“LEM’s value-add business plans typically contemplate upgrades to apartment interiors, common areas and a particular focus on the amenities with the goal of providing a ‘like-new’ experience at a moderate price point for the average working-class American renter,” said Allison Bradshaw, a Partner of LEM. “We work closely with our Operating Partners to help them source and win deals and then work side by side to develop and implement business plans that seek to create value over our typical 4-5-year hold periods.”

About LEM Capital

LEM Capital is a real estate private equity firm with a 19-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 and seek to 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 over $1.3 billion[2] in investor commitments and has acquired over 23,000 value-add apartment units since 2011.[3]

Notes: 1 – There can be no assurance that the results set forth in the projections will be attained and actual results may be significantly different from the projections. 2 – As of June 30, 2020. 3 – As of May 19, 2021.

LEM Capital Acquires Atlanta, GA Property

Philadelphia, PA – LEM Capital, L.P. (“LEM”) has acquired The Grace Apartment Homes (the “Property”), a 224-unit apartment community located in Southwest Atlanta and built in 2005.  LEM plans to execute a comprehensive value-add business plan to upgrade the Property’s interiors, exteriors, and amenities.  The Property was acquired in partnership with a long-term local operating partner.

The Southwest Atlanta submarket is a suburban area in the Atlanta Metro that has rapidly transformed over the past several years.  The Property is situated along the perimeter of the Fulton Industrial Corridor, home to companies such as Amazon, Google, FedEx, UPS, and Walmart.  The Property’s location at the intersection of Fulton Industrial Boulevard and Camp Creek Parkway provides easy access to Southwest Atlanta’s major economic drivers, including Camp Creek Marketplace and Hartsfield-Jackson International Airport.¹

The Grace Apartment Homes features a desirable mix of one-, two- and three-bedroom floorplans which should attract a broad base of renters.  LEM believes that there is an opportunity to substantially upgrade interiors and create best in class units. The business plan also includes a comprehensive exterior and amenity renovation plan to improve the clubhouse facility and pool area, exterior curb appeal, landscaping throughout the Property and overall sense of arrival.

“The Grace Apartment Homes represents a unique opportunity to acquire a well-located Property in a transforming submarket with one of our most successful long-term operating partners,” said Gregory Biester, a Principal at LEM.  “The Property has significant physical upside and we believe that it will benefit greatly from the positive demographic trends in the submarket and the Atlanta MSA.”

About LEM Capital

LEM Capital is a real estate private equity firm with a 19-year track record focused on protecting investors’ downside and building portfolios to 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 and 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 local partners with LEM’s disciplined investment selection, rigorous due diligence process and intensive asset management oversight. LEM’s goal is to deliver attractive risk-adjusted returns to its investors while safeguarding capital.

Since 2002, LEM has raised over $1.3 billion in investor commitments² and has acquired over 23,000 value-add apartment units since 2011.³

 Notes: 1 – Offering Memorandum, The Grace Apartment Homes, Berkadia. 2 – As of June 30, 2020. 3 – As of May 19, 2021.

Philadelphia, PA – LEM Capital, L.P. (“LEM”) recently announced the promotion of four senior team members to new leadership roles.

• • •  Allison Bradshaw was promoted from Managing Director to Partner, Greg Biester was promoted from Director to Principal and Jennifer Clausen was promoted from Vice President to Principal.
  • •  Ms. Bradshaw and Mr. Biester were each named Co-Head of Investments for the Firm and will be responsible for overall investment operations including originations, asset management and portfolio management.
  • •  Ms. Clausen will remain Head of Investor Relations leading Capital Raising for the Firm.
  • •  Luke Perl was promoted from Vice President to Director, Head of Asset Management.

“We are very excited to have Allison join us as a partner in LEM Capital and see Greg, Jenn and Luke recognized for the way they took on added leadership responsibilities. These promotions are well-deserved as each individual has distinguished themself and helped lead the entire team through a very challenging time,” said Jay Eisner, Co-Founder and Managing Partner at LEM.

About LEM Capital

LEM Capital is a real estate private equity firm with a 19-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 and seek to 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 over $1.3 billion¹ in investor commitments and has acquired over 23,000 value-add apartment units since 2011.²

Notes: 1 – As of June 30, 2020. 2 – As of April 7, 2021.