This week, I sat down with the Vice President of Portfolio Management for LEM Capital, to learn more about how her firm is leveraging Pereview as their asset management solution.
First, a little about LEM Capital. Based in Philadelphia, LEM Capital is a real estate private equity firm with an 18-year track record focused on protecting investors’ downside and building portfolios to help deliver dependable current cash flow and equity upside through all points in the economic cycle.
Multifamily experts, LEM acquires well-located suburban apartment properties adding value and helping to increase rents through physical upgrades and the implementation of better management practices. Since 2002, LEM has raised over $1.3 billion in investor commitments and has acquired over 23,000 value-add apartment units since 2011.
Daryl Pitts: I want to start by asking how business has changed at LEM Capital since you adopted Pereview as your asset management platform.
LEM: Well, we’ve acquired 99 value-add properties to date. So, before Pereview, that meant we essentially had 99 different models we would have to pull data from if we wanted to aggregate information across our portfolio. With Pereview that data is all in one place and we can aggregate it and slice-and-dice it however we want to with a lot more ease and efficiency – and with a lot less opportunity for error.
From the pipeline perspective, it’s really great to be able to track deals that we might have passed on to see where they ended up trading. We can enter that into the system, as well.
DP: That’s great. That leads nicely into my next question, which is, if you had to pick one specific value that Pereview is driving for LEM Capital, what would it be?
LEM: I would say it’s the overall efficiency we gain from the platform. We don’t have to waste time going back to other models, and it allows us to take our analysis a step further because all the data is at our fingertips.
