October 9, 2025

LEM Capital Acquires Orlando, FL Property

Philadelphia, PA – LEM Capital, L.P. (“LEM”) has acquired Dawson Apartments (the “Property”), a 272-unit multifamily community built in 1998. The Property was acquired through a joint-venture partnership with a repeat operating partner to execute a comprehensive value-add business plan.

The Property is located approximately 6 miles north of downtown Orlando in Maitland, known for its infill, established neighborhoods, accessibility to numerous employment hubs along the I-4 corridor, and its desirable, upscale retail destinations such as downtown Winter Park, Uptown Altamonte, and downtown Maitland. The area is further distinguished by its high household incomes supported by a diverse base of white-collar and healthcare employers, a limited pipeline of new multifamily development due to its infill nature, and well-regarded public schools.

Dawson Apartments offers strong curb appeal with prominent visibility from State Route 414 and benefits from high-quality construction and a history of institutional ownership with limited deferred maintenance. The Property features nine-foot ceilings, large floor plans with direct-access garages in select units, in-unit washers and dryers, and a robust amenity package that includes a large clubhouse, fitness center, and resort-style pool deck. The renovation plan will include expanding and modernizing the amenity set, renovating unit interiors, refreshing the Property’s exteriors, and implementing a full rebrand. These improvements are designed to position Dawson competitively against newer assets in the submarket while maintaining a moderate price point for renters.

“We are excited to re-enter the Orlando market with one of our proven operating partners,” said Kevin Weidman, a Director at LEM. “Dawson Apartments presents a unique opportunity to acquire a well-built asset in a desirable, supply-constrained submarket within one of the fastest-growing metros in the nation.”

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 $9.3 billion in real estate value contributing to their expertise in structuring, execution and asset management. This includes acquiring over 28,000 value-add apartment units since 2011.

 Notes: All data as of September 30, 2025, unless otherwise noted.