News

Philadelphia, PA – LEM Capital, L.P. (“LEM”), in collaboration with JLL’s Capital Markets group (“JLL”), hosted its second annual Charity Golf Benefit on Monday, July 24, 2023, at the Philadelphia Country Club. The event, which again benefited Habitat for Humanity Philadelphia (“HFHP”), raised over $60,000. HFHP is an independently chartered affiliate of Habitat for Humanity […]

Philadelphia, PA – LEM Capital, L.P. (“LEM”) has acquired Verona View (the “Property”), a 293-unit multifamily community that was built in 1989. LEM, who intends to rebrand the property “The Atlantic Preserve”, 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 […]

Philadelphia, PA – LEM Capital, L.P. (“LEM”) recently announced the promotion of three team members to new positions in the Firm. Steven DiLemme, who leads the Accounting Team and has been with the Firm for 10 years, was promoted to Chief Accounting Officer. Stephen Wetherill, a member of the Acquisitions Team who covers the Atlanta, […]

Philadelphia, PA – LEM Capital, L.P. (“LEM” or the “Firm”) today announced the achievement of several milestones in 2022 and its transaction objectives for 2023. 2022 Accomplishments • Celebrated 20 years of operation • $1.1 billion+ in total transaction volume • 14 property sales totaling 3,400 units • 4 property acquisitions totaling 840 units • […]

Philadelphia, PA – LEM Capital, L.P. (“LEM”) has acquired Axiom Apartment Homes (“Axiom” or the “Property”), a 202-unit property built in 1987 in Charlotte, NC. The Property was acquired through a joint-venture partnership with a local repeat operating partner with plans to execute a comprehensive value-add business plan. Axiom is located in the East Charlotte […]

Philadelphia, PA – LEM Capital, L.P. (“LEM”) today announced that LEM Multifamily Fund VI (the “Fund”) has held its final close at $450.8 million1 in equity commitments hitting its hard cap. The Fund will invest in Class B value-add multifamily properties in primary and secondary suburban markets across the United States. Over seventy percent of […]

Philadelphia, PA – LEM Capital, L.P. (“LEM”) today announced $1.0 billion in capital markets activity and other key milestones for the first half of 2022. This includes the closing of their most recent value-add fund, LEM Multifamily Fund VI, LP and the celebration of 20 years in business. 2022 Year to Date Accomplishments1 •  Over […]

Philadelphia, PA – LEM Capital, L.P. (“LEM”), in collaboration with JLL Capital Markets (“JLL”), hosted its inaugural Charity Golf Benefit on Monday, July 18, 2022. The event raised over $53,000 for this year’s beneficiary, Habitat for Humanity Philadelphia (“HFHP”), an independently chartered affiliate of Habitat for Humanity International, the largest nonprofit homebuilder worldwide. Locally, HFHP’s […]

Philadelphia, PA – LEM Capital, L.P. (“LEM”) has acquired a two-property portfolio (the “Portfolio” or “Properties”) in the Atlanta, Georgia MSA.  The Portfolio consists of 444 units across two Properties: Five Oaks Apartments and Hawthorne Gates.  LEM plans to execute a comprehensive value-add business plan to upgrade the Properties’ interiors, exteriors, and amenities.  The Portfolio […]

Philadelphia, PA – LEM Capital, L.P. (“LEM”) has acquired Canyon Heights (the “Property”), a 196-unit apartment community located in the Southeast submarket of Tucson that was built in 1982. 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 local operating partner. […]