January 11, 2022

LEM Capital Promotes Greg Biester and Jennifer Clausen to Partner

Philadelphia, PA – Principals Greg Biester and Jennifer Clausen have been promoted to Partner at LEM Capital (“LEM”) expanding the Firm’s leadership to a team of five. Previously in January 2021, the Co-Founders of LEM – Jay Eisner and Herb Miller – welcomed Allison Bradshaw to the partnership. Together, the five partners will run the day-to-day business of the Firm and all strategic decision-making.

“Over the past 20 years, we have strived to compete at the top of our peer group. Today’s team is exceptionally strong, having established a track record of success. We’re excited about the future leadership from Allison, Greg and Jenn,” said Jay Eisner.

Mr. Biester, who is also Co-Head of Investments with Ms. Bradshaw, joined LEM in 2015 to lead asset management and sales. Mr. Biester and Ms. Bradshaw oversee acquisitions, asset management, and portfolio management. Greg’s 17 years in the commercial real estate industry spans various sectors including brokerage, asset and portfolio management and accounting.

“Over the past five years, Greg has overseen the disposition of $2.8bn in real estate across 60 transactions. He has established great relationships across the board with operating partners, brokers and the broader commercial real estate community,” said Herb Miller. “This past year, he stepped into a leadership role on the acquisitions team and has actively sourced new transactions.”

Ms. Clausen, who is Head of Investor Relations, joined LEM in 2016 and manages the capital raising and investor relations for the Firm’s private equity funds. She also oversees the Diversity, Equity & Inclusion program at LEM, as well as Environmental, Social, Governance, and brand management initiatives. Since 2009, Ms. Clausen has worked in fundraising and investor relations in the hedge fund and private equity industries, with experience at a global macro hedge fund, mid-cap activist fund, and private equity real estate.

“Jenn has not only deepened relationships with our existing investors, but also opened up new opportunities for the Firm. She knows how to truly convey the LEM story and value proposition, which has helped us raise over $825 million in our recent funds,” said Allison Bradshaw. “I am thrilled to work with Jenn and Greg as Partners. We share a common vision and goal around the Firm’s culture, growth, and future as a leader in our field and the markets in which we operate.”

About LEM Capital

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 $1.5 billion in investor commitments(1) and has acquired over 25,000 value-add apartment units since 2011(2).

Notes:  (1) As of December 15, 2021. (2) As of December 16, 2021.