September 5, 2024

LEM Capital 3rd Annual Charity Golf Benefit Raises $80,000 for Habitat for Humanity Philadelphia

Philadelphia, PA – LEM Capital, L.P. (“LEM”), in collaboration with JLL’s Capital Markets group (“JLL”), hosted its third annual Charity Golf Benefit on Monday, July 22, 2024. The event, which again benefited Habitat for Humanity Philadelphia (“HFHP”), raised over $80,000. 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.

“Together – LEM Capital and Habitat Philadelphia – we are in the business of building community. Thank you for your continued partnership, opening doors of opportunity through affordable homeownership,” said Corinne O’Connell, CEO, Habitat Philadelphia.

The event’s highlight came from a Habitat homeowner and employee, Audreyelaine, who shared, “Having a stable home allowed me to elevate and educate myself—completing my GED, enrolling in college, and taking public speaking classes. I’m proud to continue partnering with Habitat Philadelphia, reaching back to help others move forward.” Her story of how a stable home empowered her to pursue her dreams is truly inspiring.

“We are deeply grateful to our sponsors, donors, and participants for making this year’s outing such a tremendous success,” said David Lazarus, Managing Director at the firm. “Every dollar raised furthers Habitat’s mission to preserve our city’s housing stock and empowers families by providing not just a home, but the chance to build generational wealth through homeownership.”

“The 2024 LEM-JLL charity golf event to benefit Habitat for Humanity was a great success.  We value our partnership with LEM, and we thank all of our sponsors for their continued support of Habitat’s mission to bring people together to build homes and communities.” said Ryan Ade, Senior Managing Director at JLL.

“Habitat for Humanity Philadelphia builds strength, stability, and self-reliance through shelter. By providing affordable homeownership opportunities and critical home repairs, they empower families and revitalize neighborhoods, fostering a community where everyone has a decent place to live.” said Jennifer Clausen, Partner at LEM.

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 22-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 value 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 $20.8 billion and operations in over 80 countries around the world, our more than 110,000 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.com.²

Notes: 1 – As of August 20, 2024.  2 – As of August 20, 2024.