Providing a Private Sector
Solution to the Affordability Crisis
L+M’s fund management business is led by L+M Fund Management, an affiliate of L+M Development Partners, which oversees discretionary real estate private equity funds with over $1 billion of capital raised from institutional investors.
Since 2010, L+M’s fund management business has been committed to investing in, acquiring, and preserving workforce, affordable, and mixed-income multi-family housing in high-growth metro areas across the U.S.
L+M Fund Management invests in and operates workforce and affordable assets on behalf of institutional investors and, to date, has acquired nearly 20,000 units in $3.8 billion in transactions in high-growth metro areas across the U.S.
L+M Fund Management is able to combine unique sourcing and execution capabilities to create value and invest responsibly. It has established itself as a leading impact investor in the multifamily space.
Through its proprietary relationships and deep industry expertise that have been cultivated over its long history in the affordable housing sector, L+M Fund Management is able to deliver competitive risk-adjusted returns with downside protection by combining conventional asset repositioning and operational efficiencies with regulatory programs.
L+M Fund Management is a specialized operator with a proven track record that employs a hands-on value creation strategy to achieve both sustainability and social impact goals without compromising economic returns.
To reduce costs, enhance value, and create tangible social impact at the property level, L+M Fund Management employs a proactive, hands-on approach towards investments and utilizes a value creation strategy that streamlines management and operations and invests in energy efficiency and capital improvements.
L+M Fund Management is currently focused on primary acquisition opportunities in high-growth metro areas in the U.S., including:
- Affordable multifamily assets under various federal regulatory programs, including Section 236, Section 8, and Low-Income Housing Tax Credit (“LIHTC”)
- Unrestricted workforce multifamily and single-family built-to-rent assets
- Naturally occurring affordable housing (“NOAH”) assets, and
- Other regulated multifamily assets with complex regulatory structures that require deep industry expertise and proprietary relationships with city, state, and federal housing agencies
The target size for equity investments is $25 to $50 million but can be greater (or lesser) depending on the nature of the opportunity. If you have an interest in partnering with L+M Fund Management for capital or strategic needs, please feel free to contact our team at fundadmin@lmdevpartners.com.
Key Staff
Adam Hellegers | General Counsel | Biography |
Joe Weishaar | Vice President | Biography |
Peter Curley | Vice President | Biography |
Bryan Choe | Vice President | Biography |
Kenneth Thompson | Associate | Biography |
Tim Corcoran | Associate | Biography |
Sophie Cohen | Associate | Biography |
Rhonda Albert | Senior Fund Accountant | Biography |