August 22, 2022

LEM Capital Charity Golf Benefit Raises Over $50,000 for Habitat for Humanity Philadelphia

Philadelphia, PA – LEM Capital, L.P. (“LEM”), in collaboration with JLL Capital Markets (“JLL”), hosted its inaugural Charity Golf Benefit on Monday, July 18, 2022. The event raised over $53,000 for this year’s beneficiary, Habitat for Humanity Philadelphia (“HFHP”), an independently chartered affiliate of Habitat for Humanity International, the largest nonprofit homebuilder worldwide. Locally, HFHP’s mission is to transform lives and its neighborhoods by building and repairing homes in partnership with families in need and uniting all Philadelphians around the cause of affordable housing. The HFHP vision is a city where all Philadelphians live in safe, affordable homes.

The highlight of the event was provided by a Habitat homeowner who obtained permanent housing for her family through HFHP’s program, and by Corinne O’Connell, CEO of Habitat for Humanity Philadelphia. Ms. O’Connell educated the crowd on Habitat’s mission and work, while the homeowner shared her personal experience and journey as a beneficiary of, and now advocate for, the organization’s services.

“Our first charity benefit was a huge success. Being able to donate over $50,000 to Habitat for Humanity Philadelphia is an outcome that far exceeded our original expectations. We are extremely grateful to our sponsors, participants, donors, and all who made this event possible.” said Greg Biester, Partner.

“JLL is proud to partner with our friends at LEM and all of our collective clients to be able to support such a noble cause as Habitat for Humanity.  We hope that this event will become an annual occurrence which we can build out over the years to come.” said Ryan Ade, Senior Managing Director at JLL.

“This is really incredible. We can’t express enough our gratitude for the hard work LEM poured into planning this event. A gift this size can replace roofs for five different families, keeping them safe, warm, and dry. What an incredible gift to be able to have that big a difference on your Philadelphia community,” said Kathryn Fernandez, Chief Development Officer of Habitat for Humanity Philadelphia.

“Access to safe, clean, affordable housing in our country, and especially in Philadelphia, is challenging for many people,” said Jennifer Clausen, Partner, “We are grateful to be able to support Habitat’s efforts to provide this much needed resource in our hometown.”

To learn more about Habitat for Humanity Philadelphia’s mission, please visit www.habitatphiladelphia.org.

 About LEM Capital

LEM Capital is a real estate private equity firm with a 20-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 to help 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 nationwide operating 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 almost $1.8 billion in investor commitments¹ and has acquired over 26,000 value-add apartment units since 2011.²

 About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $19.4 billion, operations in over 80 countries and a global workforce of more than 102,000 as of June 30, 2022. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.

 Notes: 1 – As of August 16 2022. 2 – As of June 2022.