November 20, 2025

LEM Capital Acquires Arlington Heights, IL Property

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.