News

Philadelphia, PA – 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 to add value and increase revenue through property and amenity upgrades as well as improved […]

Philadelphia, PA – LEM Capital, L.P. (“LEM”) has funded a $6.1 million joint venture investment for the acquisition and renovation of Village at North Hills (the “Property”), a 168-unit garden-style apartment community located in Northglenn, a northern suburb of Denver. The Property was acquired in a joint venture with a locally based, vertically integrated owner-operator […]

Philadelphia, PA – LEM Capital, L.P. (“LEM”) today announced the firm’s 2017 origination goals, continuing the firm’s business of investing with high-quality, local real estate operating companies to acquire value-add multifamily properties. LEM invests in acquisitions and recapitalizations of Class B apartment properties located in infill locations in primary markets on the east and west […]

Philadelphia, PA – LEM Capital, L.P. (“LEM”) has funded a $13.3 million joint venture investment for the acquisition and renovation of Village Park of Palatine (the “Property”), a 448-unit garden-style apartment community. The Property is located in Palatine, an affluent suburban submarket of Chicago with strong public schools and high barriers to entry with only […]

Philadelphia, PA – LEM Capital, L.P. (“LEM”) has funded a $5.8 million joint venture investment for the acquisition and renovation of Glenbrook Apartments (“Glenbrook”), a 252-unit, garden-style apartment community located in Denver, Colorado. The Property was acquired from the original developer in a joint venture with a locally based, vertically integrated owner-operator focused on multifamily […]

Philadelphia, PA – LEM Capital, L.P. (“LEM”) has funded a $10.8 million joint venture investment for the acquisition and renovation of Ashgrove Place (the “Property”), a 208-unit, garden-style apartment community located in Rancho Cordova, a job-centric submarket of Sacramento. The Property was acquired in a joint venture with a repeat LEM sponsor that focuses on […]

Philadelphia, PA – LEM Capital, L.P. (“LEM”), has funded a $12.9 million joint venture investment for the acquisition and renovation of Andover Place (the “Property”), a 220-unit, mid-rise apartment community located in Andover, Massachusetts. The Property was acquired in a joint venture with a vertically integrated owner and operator of multifamily properties in New England. […]

Philadelphia, PA – LEM Capital, L.P. (“LEM”), has funded a $10.6 million joint venture investment for the acquisition and renovation of Belvedere Towers (the “Property”), a 238-unit, nine-story high-rise apartment community located in Baltimore, Maryland. The Property was acquired in a joint venture with a locally- focused sponsor that owns and operates a portfolio of […]

Philadelphia, PA – LEM Capital, L.P. (“LEM”), has funded a $17.6 million joint venture portfolio investment for the acquisition and renovation of the following properties (together, the “Portfolio”):   Chesapeake Bay, a 300-unit property in Newport News, Virginia   Hanover Crossing, a 220-unit property in Richmond, Virginia   Wilde Lake, a 190-unit property in Richmond, […]

Philadelphia, PA – LEM Capital, L.P. (“LEM”), has funded a $13.3 million joint venture investment for the acquisition and renovation of Crestone Apartments (the “Property”), a 234-unit multifamily property in Aurora, Colorado. The Property was acquired in a joint venture with a repeat LEM sponsor that focuses on multifamily value-add transactions in Colorado, California and […]