News

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. […]

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 […]

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 […]

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 […]

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 […]

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 […]