L+M’s fund management team manages discretionary real estate private equity funds with over $500 million in committed capital on behalf of institutional investors.
Since 2008, L+M’s fund business has been committed to investing, preserving and developing workforce, affordable, mixed-income and market-rate housing, as well as retail and office properties in the greater New York area.
L+M’s separate accounts and discretionary funds have been market makers, demonstrating the ability to invest significant private capital in the NYC workforce, mixed-income and affordable housing market.
Through these investment funds, L+M employs value-add strategies to acquire and develop affordable and mixed-income multifamily housing in the NYC metro area.
L+M is able to deliver competitive risk-adjusted returns by combining conventional asset repositioning and operational efficiencies with regulatory programs through a fully integrated team of investment professionals with development, construction, finance and operations expertise.
L+M’s fund management platform combines the discipline and successful track record of financially-driven real estate investing with a commitment to the creation of high-quality housing and vibrant communities in the NYC area.
To date, the L+M fund management group has successfully acquired and/or financed the acquisition or development of over 10,000 multifamily units in 45 fund investments with greater than $2.2 billion in total capitalization.
L+M’s fund management platform is currently focused on opportunities in three primary areas:
The target size for equity investments is $15+ million for development and $25+ million for acquisitions but can be greater (or lesser) depending on the nature of the opportunity. If you have an interest in partnering with L+M for capital or strategic needs, please feel free to contact Eben Ellertson at 212.600.2922.Contact Us