2022 was a year of progressive growth and change for LP Equity. In May, LP Equity II (LPE II) was formed which created five additional investment funds focused on acquiring limited partnership interest in various real estate sectors throughout the country. In just an 8-month period LPE II acquired positions in 51 different partnerships with a combined asset value exceeding $325 Million dollars. Our Wilmington, NC based team facilitated 174 all cash closings that allowed the selling limited partners the opportunity to realize the value of their long-term investments immediately.
LP Equity II’s new acquisitions occurred in 27 different states. Investments were diversified across multiple sectors of real estate including high-quality affordable housing communities, market rate housing communities, self-storage facilities, and retail shopping centers. Two notable investments include the acquisition of limited partner positions in a 40,000 square foot, triple net leased, grocery store in Edison, NJ and a 150-unit apartment community in Boston’s historic North End.
Two accomplished LP Equity team members were also promoted to new positions in 2022. Ashley LeBlanc was named a Partner in May. Ashley brings over 17 years of industry experience and has been an integral part of LP Equity’s grown since its inception. She oversees new business origination, corporate accounting, and human resources for the company. Kati McClure was promoted to Director of Asset Management, a role that involves the oversight of LP Equity’s investments in over 220 different partnerships with a combined asset value of more than $1.85 Billion. Kati joined LP Equity in 2014 and has successfully directed the company’s research, underwriting, and asset management efforts in various capacities.
Principal Jay Landen said “We are incredibly fortunate to have Ashley and Kati on our team. Their work ethic, attention to detail, and intimate knowledge of our industry has been one of the largest contributing factors to our company’s success. The skill sets that they possess allow us to continuously improve as an organization with the goal of reaching more limited partners who can benefit from our investment platforms. We are very proud of their achievements and congratulate them on these well-deserved promotions. “
With over 18 years of experience in the syndicated partnership industry and a growing portfolio of investments, LP Equity’s platform continues to be a resource for limited partners who are interested in selling their interest in these non-traditional investment vehicles. To explore options for an accelerated capital event of your individual limited partnership interest, reach out to one of our team members to discuss how LP Equity could be a resource to help you or your clients.