/Investors

LEM Multifamily

Private equityoperating company · company profile

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.

Patrick Vaheyunlockedknows David Lazarus · together at Capmark (overlapped)
knows the team · via Capmark
knows the team · via HFF
knows the team · via SEI Investments
knows the team · via HQ Capital
knows the team · via Lemcapital
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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.

Check
$30M – $90M
HQ
Philadelphia, US
Instruments
Equity
Founded
2002
AUM
$661.4M
Tracked investments
4

Team · 23 people

from the firm's website
Albert Shammah· Drexel | Co-op

Founder 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 path

Other

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
FundVintageCommittedNet IRRTVPIDPI
LEM Multifamily Fund VI, L.P.LPs: Pennsylvania Public School Employees' Retirement System2021—-10.9%0.80x0.01x
LEM Multifamily Fund V, L.P.LPs: Pennsylvania Public School Employees' Retirement System2018—12.9%1.47x0.77x
LEM Multifamily Senior Equity Fund IV, L.P. Real EstateLPs: Pennsylvania Public School Employees' Retirement System2015——1.90x1.88x
LEM Real Estate Mezzanine Fund II, L.P.LPs: North Carolina Retirement Systems2006—3.1%1.29x1.29x

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.

Images

LEM Multifamily photoLEM Multifamily photoLEM Multifamily photoLEM Multifamily photo

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