Philadelphia · 23 people tracked
Also known as LEM CAPITAL, L.P.
Find your way into LEM Multifamily
1,383 people in our graph share verified history with the LEM Multifamily team — schools, employers, funds. One of them is your warm intro.
Investment thesis
LEM Capital is a real estate private equity firm focused exclusively on value-add multifamily investing. It acquires well-located apartment properties where rents can be increased through physical upgrades and improved property management, partnering with a nationwide network of operating partners while applying disciplined investment selection, rigorous due diligence and intensive asset management oversight. The firm emphasizes protecting investors' downside and building portfolios that deliver dependable current cash flow and equity upside across all points of the economic cycle, aiming to generate attractive risk-adjusted returns while safeguarding partner capital.
Source: firm website, verified Sep 22, 2026.
Team · 23 people
from the firm's websiteFounder mafia
2 people who came through LEM Multifamily went on to found or lead other companies.
Investments · 4 tracked
founders shown can be your intro pathOther
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
ArborsBrookhaven ApartmentsValley Lo TowersWater's Edge
Fund performance · per public LP disclosures · 4
as of Sep 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| LEM Multifamily Fund VI, L.P.LPs: Pennsylvania Public School Employees' Retirement System | 2021 | — | -10.9% | 0.80x | 0.01x |
| LEM Multifamily Fund V, L.P.LPs: Pennsylvania Public School Employees' Retirement System | 2018 | — | 12.9% | 1.47x | 0.77x |
| LEM Multifamily Senior Equity Fund IV, L.P. Real EstateLPs: Pennsylvania Public School Employees' Retirement System | 2015 | — | — | 1.90x | 1.88x |
| LEM Real Estate Mezzanine Fund II, L.P.LPs: North Carolina Retirement Systems | 2006 | — | 3.1% | 1.29x | 1.29x |
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).
Frequently asked questions
- What is LEM Multifamily's typical check size?
- LEM Multifamily typically writes checks of $30M – $90M.
- What sectors does LEM Multifamily focus on?
- LEM Multifamily focuses on PropTech.
- Where is LEM Multifamily located?
- LEM Multifamily is headquartered in Philadelphia, US.
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