Fund Management

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.

L+M Fund Management Staff


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.


Fund Management

Eben Ellertson

Partner

Biography
Fund Management

Ron Moelis

Partner

Biography
Fund Management

Amanda Ryzowy

Partner

Biography
Fund Management

Carrie Van Syckel

Partner

Biography

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

Michael Shaid

Associate

Biography

Rhonda Albert

Senior Fund Accountant

Biography