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Gem Realty

Crossover fund

Chicago · 72 people tracked

Also known as Gem Capital, L.P.

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Investment thesis

GEM Realty Capital operates a diversified real estate investment platform spanning private-market real estate (GEM Realty Properties), publicly traded real estate securities (GEM Realty Securities), and non-controlling interests in private real asset and infrastructure companies (GEM Realty Tactical Opportunities). Combining differentiated perspective, relationships, and real-time data, the firm aims to identify and capitalize on secular trends, market inefficiencies, and price dislocations. With roughly three decades of experience across multiple economic and capital market cycles, the firm positions itself as a trustworthy steward of long-term capital, emphasizing diversity of thought, integrity, innovative thinking, collaboration, and community impact, alongside sustainability and governance considerations.

Source: firm website, verified Sep 29, 2026.

HQ
Chicago, IL, US
Founded
1994
AUM
$6.3B

Team · 72 people

from the firm's website & public directories
Daniel Rosenbloom· Executive Officer
Denise Olsen· Executive Officerin
Eric M. Siegal· Executive Officer
Eric M. Siegel· Executive Officer
Jonathan Romick· Executive Officer

Fund performance · per public LP disclosures · 3

as of Nov 2025
FundVintageCommittedNet IRRTVPIDPI
GEM REALTY FUND VII LPLPs: District of Columbia Retirement Board, Employees' Retirement System of Rhode Island, University of Texas Investment Management Company2022—-2.6%0.97x0.00x
GEM Realty Fund VILPs: District of Columbia Retirement Board, Employees' Retirement System of Rhode Island, Andrew W. Mellon Foundation2017—9.0%1.25x0.76x
GEM REALTY FUND V LPLPs: Employees' Retirement System of Rhode Island, District of Columbia Retirement Board, University of Texas Investment Management Company2013—1.6%1.08x0.88x

Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).

Public market activity · per SEC filings

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Disclosed stake · filed May 2003

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Disclosed stake · filed Oct 2001

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Disclosed stake · filed Dec 1999

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Disclosed stake · filed Sep 1998

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Disclosed stake · filed Jul 1998

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From the firm's own SEC EDGAR filings — stakes and insider roles in public companies, typically portfolio companies after an IPO. Not a portfolio list published by the firm.

Frequently asked questions

What sectors does Gem Realty focus on?
Gem Realty focuses on PropTech.
Where is Gem Realty located?
Gem Realty is headquartered in Chicago, US.

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