August 14, 2023

LEM Capital 2nd Annual Charity Golf Benefit Raises $60,000 for Habitat for Humanity Philadelphia

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 International, the largest nonprofit homebuilder worldwide. Locally, HFHP’s mission is to transform lives and its neighborhoods by building and repairing homes in partnership with families in need and uniting all Philadelphians around the cause of affordable housing. The HFHP vision is a city where all Philadelphians live in safe, affordable homes.

“We are honored to return for year two of this beautiful event,” said Kathryn Fernandez, Chief Development Officer of Habitat for Humanity Philadelphia. “The incredible generosity of the LEM and JLL teams supports the expansion of core services such as our home repairs program, keeping Philadelphia families in their homes to age with dignity and pass on generational wealth. Thank you for sharing our vision of a world where everyone has a decent place to live.”

The highlight of the event was provided by a Habitat homeowner, a single mother with two daughters working two jobs and sharing a one-bedroom apartment with her daughters. Just last week, she surprised her children after obtaining permanent housing for her family through HFHP’s program. Corinne O’Connell, CEO of Habitat for Humanity Philadelphia, educated the crowd on Habitat’s mission and work, while the homeowner shared her personal experience and journey as a beneficiary of, and now advocate for, the organization’s services.

“We were thrilled to beat our fundraising success of last year’s inaugural event raising more money for and attracting more attention to such a worthwhile local charity and partner. We are very grateful to our sponsors, participants, donors, and all who made this event possible.” said Greg Biester, Partner.

“Our inaugural event was great, but year two was even better!  JLL is once again happy to have partnered with LEM to put on an event for the benefit of Habitat for Humanity.  Helping people find a place to call home and the strength they can draw from it is a noble cause.” said Ryan Ade, Senior Managing Director at JLL.

“The joy and pride of homeownership should be attainable, but today access to safe, clean, affordable housing is a challenge for many people across our country. Habitat is, as they say, ‘Repairing the world, one home at a time’, and we are grateful to be able to support their efforts in providing this much needed resource in our hometown.” said Jennifer Clausen, Partner.

To learn more about Habitat for Humanity Philadelphia’s mission, please visit www.habitatphiladelphia.org.

About LEM Capital

LEM Capital is a real estate private equity firm with a 21-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 add value to help increase rents 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 $9.1 billion in real estate contributing to their expertise in structuring, execution and asset management. This includes acquiring over 27,000 value-add apartment units since 2011.¹

About JLL

For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500 company with annual revenue of $20.9 billion and operations in over 80 countries around the world, our more than 103,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com²

Notes: 1 – As of July 13, 2023.  2 – As of August 1, 2023.