L+M Fund Management

Who We Are

L+M Fund Management, an affiliate of L+M Development Partners, is a leading investor in the multifamily space that is committed to investing in, acquiring, and preserving workforce and affordable multifamily housing in high-growth metro areas across the U.S.

Our mission is to provide a private sector solution to the affordability crisis by working with institutional investors, government agencies, and a diverse range of partners to preserve long-term affordability of affordable and workforce housing assets. We are able to deliver compelling risk-adjusted returns while also achieving sustainability and social impact goals without compromising economic returns by combining our unique sourcing capabilities and hands-on value creation strategy.

  • 2010 Year Started
  • $4.5B Transactions*
  • 20,000+ Units Acquired*
  • 77% Units Income-restricted*

*As of June 2023 and inclusive of transactions LMFM has under agreement.


Investment Focus

  • Affordable multifamily assets under various federal regulatory programs, including Section 8 and Low-Income Housing Tax Credits (“LIHTC”)
  • Unrestricted and mixed-income multifamily assets
  • Naturally occurring affordable housing (“NOAH”) assets
  • Other regulated multifamily assets with complex regulatory structures that require deep industry expertise and proprietary relationships with city, state, and federal housing agencies

Transaction Structures

  • Single asset and portfolio transactions
  • Recapitalizations and joint ventures
  • GP interest acquisitions
  • Entity interest transactions

L+M Fund Management targets equity investments of $25 to $50 million per transaction, but can increase its commitment depending on the nature of the opportunity.


Fund Management Home

Eben Ellertson

Partner

Biography
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Amanda Ryzowy

Partner

Biography
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Carrie Van Syckel

Partner

Biography
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Ron Moelis

Partner

Biography
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Adam Hellegers

General Counsel

Biography
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Joe Weishaar

Senior Vice President

Biography
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Peter Curley

Senior Vice President

Biography
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Bryan Choe

Vice President

Biography
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Kenneth Thompson

Vice President

Biography
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Tim Corcoran

Vice President

Biography
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Sophie Cohen

Associate

Biography
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Rhonda Albert

Senior Fund Accountant

Biography
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Allison Nudel

Analyst

Biography