Investor Presentaiton
Investing in Diversified Growth Markets with
Local Operating Partners
LEM invests in specific Growth Markets that we believe offer strong downside protection
These markets are experiencing outsized growth in population, employment, education, and net migration while offering
an affordable lifestyle and work-life balance
+6.8mm (+19%)
Employment Growth
(2012-2019)1
+7.1mm (+9%)
Population Growth
(2012-2019)2
+5.1mm
Net Migration
(2012-2019)³
°
Seattle
Sacramento
Los Angeles
Phoenix
Denver
Minneapolis
Chicago
Atlanta
Chattanooga
Nashville
Dallas
Austin
San Antonio
Houston
Boston
Greensboro Raleigh
Charlotte
Philadelphia
Richmond
Tampa
Orlando
South Florida
21
The above markets represent LEM Target markets. Size of market arrows not indicative of market share or targeted equity exposure. Employment Growth, Population Growth and Net Migration shown as
the absolute growth from January 2012 through December 2019 for all LEM Target Markets shown on this map. Percentage growth is the percentage change of the absolute growth over the same time
frame for the same subset of markets. 1 Employment, 2012-2019, Bureau of Labor statistics. 2 Population: 2012-2019, Annual Estimates of the Resident Population for Metropolitan Statistical Areas in the
United States and Puerto Rico: April 1, 2010 to July 1, 2019 (CBSA-MET-EST2019-ANNRES), U.S. Census Bureau, Population Division. 3 Net Migration: 2012-2019, U.S. Census Bureau, Population Division.
Please refer to the performance disclosures on slide 2 and the Footnotes and Definitions. Investors should bear in mind that the past or target performance is not necessarily indicative of future results.
L.E.M
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