Investor Presentaiton
$3.5+ Billion
Multifamily
Acquisitions¹
Focus on
Downside Protection and
Current Cashflow
Experienced Team
With dedicated acquisitions, asset
management, portfolio management,
investor relations, accounting and
institutional reporting experience
Value-Add Fund III, IV & V
Ranked #2, #3 & #1
by Cambridge Associates²
103 Multifamily
Properties Acquired
24,000+ Units³
SALE
71 Multifamily Value-
Add Properties Sold
Gross Investment-Level IRR 24.7%5
Gross Investment-Level Multiple 2.2x5
LEM Snapshot
LEM's top tier value-add performance² is
fueled by our seasoned operating partner
network, LEM's robust participation and
oversight, and our disciplined fund size
Positive Returns
in Two Funds Active
During The Great
Recession 4
Strong Alignment
of Interests
With our investors, operating partners and
employees helps drive overall performance
Invested across
27 MSA's
20+ Best-in-Class
Operating Partners
Culture of Respect
for our Investors' Capital
19 Years Experience
Investing in Multifamily
5
All information is as of the date of this presentation unless otherwise indicated. 1 Acquisitions reflect total cost basis of all multifamily acquisitions as of September 10, 2021. 2 The Cambridge Associates
benchmark pooled return is for 2012, 2015 & 2018 vintage value-add real-estate funds. Real Estate Benchmark statistics are provided by Cambridge Associates at no cost and are "as is" as of March 31, 2021.
Fund I (2002 vintage) and Fund II (2006 vintage), which were structured debt funds, are not compared to the Cambridge Associates index as they do not benchmark for debt funds. 3 As of September 10, 2021.
4 Please reference LEM Track Record at the end of this presentation for LEM Fund I and LEM Fund II returns. 5 For 59 realized investment sales (69 properties) from October 2014 through September 7, 2021.
Figures based on actual disposition values. These are gross property-level profits and do not include any fund level fees or expenses. 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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