What JEM Holdings does

JEM Holdings is a New York-based, vertically integrated real estate investment and development firm founded by Mikael J. Levey (stated inception 2011), focused on value-add multifamily properties across the Southeastern United States. The company targets acquisitions in the $20M-$200M range, positioning itself below typical institutional bidding thresholds to secure off-market transactions through cultivated broker and sponsor relationships. As of recent disclosures, JEM has acquired approximately 10,000 multifamily units across 54 properties, with a portfolio market value of approximately $1.5 billion and exits of over $350 million since inception. The portfolio spans Texas, Tennessee, Florida, North Carolina, Maryland, Georgia, Alabama, Mississippi, and South Carolina, with notable assets including Riverworks in Savannah (306 units, acquired 2021 for $153 million) and The Eddy at Riverview Landing in Smyrna, GA (310 units, acquired 2020 for $68.2 million).

JEM operates a vertically integrated platform that covers the full investment lifecycle — sourcing, underwriting, financing, renovations and development, leasing, property management, and asset management. In 2021, the company formed Fortis Property Management as a joint venture with Varden Capital Properties to provide in-house property management for over 50 communities totaling approximately 13,000 units across the Southeast. That same year, JEM also acquired a 50% interest in the Hammond Residential Group. The Fortis Property Management Platform is the firm's core technology infrastructure, providing integration and interoperability across the investment stack. Capital relationships include Square Mile Capital Management (as a recurring acquisition lender, including a $108.5 million facility for Riverworks), Cushman & Wakefield (transaction broker, with $184.6M in arranged deals), and various HNW, family-office, and institutional capital partners.

JEM's revenue model operates across three streams: rental income from owned multifamily properties; asset management and property management fees on JEM's portfolio and third-party managed assets (notably the ~13,000 units under Fortis); and returns from value-add enhancement activities including cosmetic upgrades, accretive financing, capital improvements, and repositioning. The primary capital-provider segments are high-net-worth individuals, family offices, and institutional investors seeking sub-institutional multifamily exposure in the Southeastern US, while the consumer side is residential renters across the portfolio. The firm operates with a lean 11-50 professional staff at the corporate level, oversees approximately 200 property management and regional support personnel across the Southeast through Fortis, and maintains a New York headquarters and Atlanta regional office.

Name

JEM Holdings

Legal name

JEM Holdings LLC

Website

https://jemreholdings.com

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

11–50 employees

Short description

JEM Holdings is a New York-based, vertically integrated real estate investment and development firm that acquires value-add multifamily properties across the Southeastern US, serving high-net-worth investors, family offices, and institutions with off-market deal flow and in-house property management.

Ownership category

akta.pro rank

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Technology or R&D, Infrastructure

Revenue model

1. Rental Income from Owned Properties: Revenue generated from rental income across the company's multifamily portfolio including existing acquisitions and newly developed properties. Properties include garden-style units, luxury apartments, and Class A communities across the Southeastern US.
2. Asset Management Fees: Fees earned from managing the company's real estate portfolio and investor assets, with comprehensive reporting and transparency for investors.
3. Value-Add Enhancement Revenue: Returns generated through cosmetic upgrades, increased property management oversight, accretive financing, capital improvements, and property repositioning/rebranding strategies.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

JEM Holdings is a New York-based vertically integrated real estate investment and development firm that acquires value-add multifamily properties in the Southeastern US. The company operates a full-service platform spanning sourcing, underwriting, financing, renovations/development, leasing, property management, and asset management, and has acquired approximately 10,000 multifamily units since inception with a development portfolio of over 2,000 units. Through its 2021-launched Fortis Property Management subsidiary, JEM also provides in-house property management for over 50 communities totaling approximately 13,000 units.

Product overview

JEM Holdings is a New York-based vertically integrated real estate investment and development firm focused on multifamily properties in the Southeastern US. The company operates through two main product lines: (1) real estate investment and acquisition of value-add multifamily properties, and (2) property management services through its subsidiary Fortis Property Management. The investment platform manages a portfolio of over 10,000 multifamily units acquired since inception, while Fortis Property Management provides in-house property management for over 50 communities totaling approximately 13,000 units. Notable properties in the portfolio include Parker Austin (504 units), The Parker in Myrtle Beach (168 units), Riverworks (306 units), and The Eddy at Riverview Landing (310 units), among others across the Southeast US.

Differentiator

Problem solved

Functional benefit

Products and services

• Fortis Property Management Vertically integrated property management company launched by JEM Holdings in 2021 in partnership with Varden Capital Properties. Manages over 50 communities totaling approximately 13,000 multifamily units across the Southeast US including Texas, Tennessee, Florida, North Carolina, Maryland, Georgia, Alabama, Mississippi, and South Carolina, providing in-house operations, leasing, and marketing capabilities.
• Parker Austin

Quantifiable outcome

• Over 10,000 multifamily units acquired since inception
• +5 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles3 records

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Five partnerships are on record, tiered core and minor.

• Cushman & WakefieldcoreChannel Partner/ Reseller/ Distributor · 24 November 2021Cushman & Wakefield has arranged multiple sales and acquisitions on behalf of JEM Holdings, including the $75 million sale of Country Club in Charlotte, NC, $184.6 million in sales and acquisition transactions, and the $68.2 million sale of The Eddy at Riverview Landing.
• Varden Capital Properties (VCP)coreStrategic or Co-development Partner · 2 February 2021JEM Holdings partnered with Varden Capital Properties to form Fortis Property Management, a vertically integrated property management company. Both companies had existing deals in Atlanta and the partnership was strategic for controlling day-to-day operations and building in-house management capabilities.
• Fortis Property ManagementcoreOthers · 1 February 2021JEM Holdings launched Fortis Property Management in 2021 to vertically integrate property management operations. The company manages over 50 communities totaling approximately 13,000 units across the Southeast with over 30 years of property management experience.
• FriedLam PartnersminorChannel Partner/ Reseller/ Distributor · 1 November 2020FriedLam Partners acquired a six-property portfolio from JEM Holdings totaling 872 units in Georgia and North Carolina for $85.2 million. JEM was represented by Cushman & Wakefield in the transaction.
• Prestwick CompaniescoreChannel Partner/ Reseller/ Distributor · 1 October 2020JEM Holdings acquired The Eddy at Riverview Landing from Prestwick Companies for $68.2 million. Prestwick was the seller/developer of the newly constructed 310-unit community in Smyrna, GA.

Scale indicators10 records

Recent moves6 records

Expansion highlights5 records

Market position

Weaknesses5 records

Competitive moat4 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about JEM Holdings