Gem Realty
Crossover fundChicago · 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.
Team · 72 people
from the firm's website & public directoriesFund performance · per public LP disclosures · 3
as of Nov 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| GEM REALTY FUND VII LPLPs: District of Columbia Retirement Board, Employees' Retirement System of Rhode Island, University of Texas Investment Management Company | 2022 | — | -2.6% | 0.97x | 0.00x |
| GEM Realty Fund VILPs: District of Columbia Retirement Board, Employees' Retirement System of Rhode Island, Andrew W. Mellon Foundation | 2017 | — | 9.0% | 1.25x | 0.76x |
| GEM REALTY FUND V LPLPs: Employees' Retirement System of Rhode Island, District of Columbia Retirement Board, University of Texas Investment Management Company | 2013 | — | 1.6% | 1.08x | 0.88x |
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
what is this? ⓘDisclosed stake · filed May 2003
Disclosed stake · filed Oct 2001
Disclosed stake · filed Dec 1999
Disclosed stake · filed Sep 1998
Disclosed stake · filed Jul 1998
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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