August 7, 2020

LEM Capital Acquires Tempe, AZ property for $62.5 million

LEM Capital Acquires Tempe, AZ property for $62.5 million Philadelphia, PA - LEM Capital, L.P. (“LEM”) has acquired Signature Place (or the “Property”), located in Tempe, AZ and built in 1996. The acquisition included 300 units of the 440-unit condominium community. The Property, which was re-branded San Marino, is located in the South Tempe submarket of Phoenix that features significant barriers to entry, a relatively...