Real Estate - Summit, NJ, US
Lexerd Capital Management LLC is a private equity firm that primarily invests in opportunistic middle market multi family real estate investments throughout the United States. Lexerd was founded in 2006 by Albert L. Lord III while he was raising capital and advising on a $440 million family bid to acquire the Washington Nationals baseball team from Major League Baseball. Lexerd has managed over $300 million in assets since its founding. We search for investment opportunities that require modest equity capital to avoid competition from larger real estate firms with lower return expectations. We seek higher yielding investments with equity requirements typically in the range of $2 million to $20 million and total capital of between $10 million and $100 million. We are able to take advantage of the inefficiencies that arise in the multi family sector by acquiring assets at attractive prices, while applying our expertise to generate attractive returns for our investors. Lexerd has several joint ventures with successful real estate management companies who operate our properties on a daily basis.
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