Three of LEM Capital's partners, from left: Jay Eisner, David Lazarus, and Herb Miller
PHILADELPHIA, PA—LEM Capital says it had transaction volume in excess of $1 billion during 2018, and expects to acquire up to $500 million of apartment properties in 2019, mainly on the two coasts.
“We continue to focus on generating strong risk-adjusted returns for our investors by investing in value-add multifamily properties and creating investment portfolios that seek to generate a combination of current cash flow, downside protection and upside for our investors,” says Jay Eisner, a founding partner of LEM.
Join the industry-leading minds, key decision-makers and elite professionals in the Greater Philadelphia Area's Commercial Real Estate market at the region's foremost networking event – GlobeSt Philadelphia – on February 13, 2019 at the Crystal Tea Room. Save 15% with code REF15 when you register online. For detailed agenda and registration, please visit: <https://www.event.globest.com/RealSharePhiladelphia>
“We were very active both buying and selling in 2018 with total transactional volume of over $1 billion, which included the acquisition of 11 properties totaling 2,690 units with a total capitalization of $508 million and the sale of 12 properties totaling 3,389 units with a total sale price of $503 million,“ says Herb Miller, a founding partner of LEM. “2018's results bring our total volume of transactions since 2011 to a total of 80 property acquisitions and 43 property sales.”
Since the firm was founded in 2002, LEM has raised over $1.1 billion of committed capital.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
