October 21, 2021
LEM Capital Wins Best Real Estate Manager (fund size up to $1bn)
LEM Capital, L.P. (“LEM”) is pleased to announce the firm has been named “Best Real Estate Manager” by Private Equity Wire based on data provided by Bloomberg. LEM’s award was in the under $1bn fund size category.
“We are honored to be recognized for our consistent fund performance over the past five years. It is especially gratifying to be named in this category since we believe our boutique fund size allows us to remain disciplined and is a major reason for our performance,” said LEM Founding Partner Jay Eisner.
“This is a reflection of the hard work and accomplishments of everyone on our team,” added Partner Allison Bradshaw.
“We have always focused on protecting our investors’ downside and we believe that, combined with our value-add multifamily strategy, has been fundamental to our results over time” said Herb Miller, Founding Partner.
See below for full methodology regarding the selection of a PE Wire Award Winner.
LEM Capital is a real estate private equity firm with a 19-year track record focused on protecting investors’ downside and building portfolios to help deliver dependable current cash flow and equity upside through good and bad cycles.
The team consists of multifamily experts that seek to acquire well-located apartment properties where LEM can add value and increase rents through physical upgrades and implementation of better management practices. The firm’s approach combines the local, long-term market knowledge and day-to-day management of its network of local partners with LEM’s disciplined investment selection, rigorous due diligence process and intensive asset management oversight. LEM’s goal is to deliver attractive risk-adjusted returns to its investors while safeguarding capital.
Since 2002, LEM has raised over $1.4 billion in investor commitments1 and has acquired over 24,000 value-add apartment units since 2011.2
The Private Equity Wire Awards follow a clear and transparent process. For the GP manager fund performance category, the pre-selected shortlists are based on data provided from Bloomberg. Candidates in all categories and asset size groupings were determined as following methodology: 1) The fund manager universe included all funds managed by US-headquartered GPs. 2)All funds in each category were grouped into their respective vintages and ranked on the basis of their net IRRs as at the end of 2020. 3) For the performance categories, five vintages of funds were analyzed – 2015, 2016, 2017, 2018 and 2019. 4) All GPs that had more than one fund ranked among the top performers across those five vintages were shortlisted for that category. 5) For the asset band groupings, asset thresholds were based on the respective individual fund sizes – not the overall assets under management of the GP in that category. Voting for the eventual winners is then conducted via an extensive online poll of the Private Equity Wire readership over a period of several weeks.
Private Equity Wire US Awards is not affiliated with LEM. Awards and recognitions by unaffiliated rating services, companies, and/or publications should not be construed by a client or prospective client as a guarantee that the client will experience a certain level of results if LEM is engaged, or continues to be engaged, to provide investment advisory services; nor should they be construed as a current or past endorsement of LEM by any of its clients. Such rating may not be representative of any one client’s experience. Rankings published by Private Equity Wire US Awards are not prepared by LEM. Working with a Private Equity Wire US Awards recipient is no guarantee of future investment success, nor is there any guarantee that the identified firms will be awarded this accomplishment in the future. LEM did not pay a fee to participate in the Private Equity Wire US Awards rankings. The rating is not indicative of LEM’s future performance.
Notes: 1 – As of October 20, 2021. 2 – As of August 2, 2021.