Lexington Realty Capital

What Lexington Realty Capital does

Lexington Realty Capital is a privately-owned real estate investment firm founded in 2017 by Jeffrey Martin Schleider, operating under the DBA 'The Beverly Group.' The firm focuses on acquiring, repositioning, and operating value-add multifamily and mixed-use properties in New York City, Los Angeles, and Pittsburgh, with acquisition criteria covering $500K–$25M deals inclusive of special situations such as rent-stabilized, rent-controlled, and physically damaged assets. Its portfolio includes at least six identified properties (Sutton Lofts and The Marc Brooklyn in Brooklyn; Brownstone Suites in Bedford-Stuyvesant; The Ashland in Santa Monica; The Steel Factory Lofts in Pittsburgh's East Liberty/Shadyside; and Shadyside Place).

The firm operates without proprietary technology, relying on third-party property management software (AppFolio via TrueManagement for the New York tenant portal) and exclusive local property management partners — Citi Habitats (NY), Riva Ridge (Pittsburgh), and Stern Property Management (LA) — to handle all residential leasing, tenant screening, and maintenance. Acquisitions are sourced directly through outbound owner outreach using public records and third-party property databases, and the firm commits to closing transactions within 30 days of a signed letter of intent.

Revenue is generated through two streams: recurring rental income from owned assets and transaction gains from the sale of repositioned properties. The firm is founder-led, with no disclosed institutional capital, private equity backers, or parent company relationships, and brand visibility is maintained via earned media in The New York Times, Mann Report, Real Estate Weekly, and The Real Deal.

Name

Lexington Realty Capital

Legal name

Lexington Realty Capital LLC

Website

https://lexingtonrealtycapital.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

1–10 employees

Short description

Lexington Realty Capital is a privately-owned real estate investment firm that acquires and repositions value-add multifamily and mixed-use properties in New York City, Los Angeles, and Pittsburgh, targeting $500K–$25M deals including rent-stabilized and distressed assets.

Ownership category

akta.pro rank

Product category

Multifamily Real Estate Investment and Development

NAICS

Lessors of Other Real Estate Property (53119), Real Estate Property Managers (53131)

SIC

Real Estate Dealers (For Their Own Account) (6532)

akta.pro industry

PRIMARYBPAJABAD

Multifamily Brokerage

Business & Public Services/Real Estate Services (Brokerage, Property Management)/Commercial Real Estate Brokerage

SECONDARYBPAJABAI

Investment Sales Brokerage

Business & Public Services/Real Estate Services (Brokerage, Property Management)/Commercial Real Estate Brokerage

Keywords

• Multifamily real estate investment
• Mixed-use property development
• Value-add real estate
• Property acquisition services
• Residential property leasing

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Personnel, Marketing or Sales, Supply Chain

Revenue model

1. Property Rental Income: Lexington Realty Capital generates recurring revenue through rental income from its owned multifamily and mixed-use properties across New York, Los Angeles, and Pittsburgh.
2. Property Sales and Disposition: The firm realizes gains through the sale of repositioned or redeveloped multifamily and mixed-use properties, typically as value-add investments.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Lexington Realty Capital is a privately-owned real estate investment firm that acquires, repositions, and operates multifamily and mixed-use properties in New York City, Los Angeles, and Pittsburgh (with selective expansion to other US markets). The firm targets value-add, distressed, rent-stabilized, and underperforming properties priced between $500K and $25M, generating revenue through rental income and the eventual disposition of repositioned assets.

Product overview

Lexington Realty Capital is a privately-owned real estate investment firm operating as a single, unified real estate development offering. The company focuses on value-add multifamily and mixed-use property investments across New York City, Los Angeles, and Pittsburgh. Its portfolio consists of seven distinct residential properties: Sutton Lofts and The Marc Brooklyn (New York), Brownstone Suites (Brooklyn), The Ashland (Los Angeles), and The Steel Factory Lofts and Shadyside Place (Pittsburgh). The firm also maintains property management relationships with third-party brokers including Citi Habitats for New York, Riva Ridge for Pittsburgh, and Stern Property Management for Los Angeles.

Differentiator

Problem solved

Functional benefit

Products and services

• Sutton Lofts A boutique collection of newly built loft homes in the Greenpoint/McGorlick Park neighborhood of Brooklyn, NY, operated as part of Lexington Realty Capital's residential rental portfolio.
• The Marc Brooklyn A boutique collection of newly constructed residences in Stuyvesant Heights, Brooklyn, NY, operated as a residential rental property within the Lexington portfolio.
• Brownstone Suites A residential property in Bedford-Stuyvesant, Brooklyn, NY, situated among the neighborhood's dining, shopping, and nightlife, operated within the Lexington portfolio.
• The Ashland Santa Monica, California luxury residences located minutes from the beach, shopping, dining, and entertainment, operated within Lexington's Los Angeles portfolio.
• The Steel Factory Lofts Residential lofts within walking distance of East Liberty and Shadyside in Pittsburgh, located in a neighborhood receiving national attention and ongoing redevelopment.
• Shadyside Place A collection of homes in a turn-of-the-century historic property located in the heart of Shadyside, Pittsburgh, operated within the Lexington portfolio.
• Multifamily and Mixed-Use Property Acquisitions A direct-acquisition service targeting owners of multifamily, mixed-use, and commercial properties in New York, Los Angeles, and Pittsburgh who are seeking a 30-day close after letter of intent execution, including special-situation assets such as rent-stabilized or damaged properties.

Quantifiable outcome

• 30-day closing timeline after execution of a letter of intent

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core.

• Citi HabitatscoreChannel Partner/ Reseller/ DistributorCiti Habitats serves as the exclusive residential leasing and sales partner for all Lexington Realty Capital properties in New York. The firm handles all residential leasing operations including tenant acquisition, screening, and lease administration for Lexington's New York portfolio.
• Riva RidgecoreChannel Partner/ Reseller/ DistributorRiva Ridge serves as the exclusive residential leasing and sales partner for all Lexington Realty Capital properties in Pittsburgh. The firm also provides a dedicated tenant portal for Pittsburgh residents. Riva Ridge handles all tenant-facing leasing activities and property management for Lexington's Pittsburgh portfolio.
• Stern Property ManagementcoreChannel Partner/ Reseller/ DistributorStern Property Management serves as the exclusive residential leasing and sales partner for all Lexington Realty Capital properties in Los Angeles. The firm handles maintenance requests and tenant management for Lexington's Los Angeles portfolio.

Scale indicators2 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Kushner Companies: Kushner Companies is a New York-based private real estate investment and development firm with a significant multifamily portfolio across NYC and the U.S. It is directly comparable to Lexington Realty Capital as a privately-held, value-oriented buyer and operator of multifamily and mixed-use assets.
• Solil Management: Solil Management is a New York-based multifamily owner and operator with a sizable rent-stabilized and value-add portfolio. Directly comparable to Lexington in NYC multifamily acquisition and operations.
• RangeWater Real Estate: RangeWater is a private multifamily acquisition, development, and management firm operating in the U.S. Sun Belt. Comparable to Lexington as a value-add multifamily buyer-although its geography (Sun Belt) does not directly overlap.
• Stonehenge Management: Stonehenge is a NYC-based owner, operator, and lender focused on multifamily properties. It mirrors Lexington's value-add multifamily strategy in New York and uses third-party and in-house property management.
• A&E Real Estate: A&E Real Estate is a New York-based owner and operator of multifamily residential properties focused on value-add acquisitions and repositioning. It is highly comparable to Lexington as a private, founder-led multifamily buyer operating in NYC.

Broad incumbents

• Veris Residential: Veris Residential (NYSE: VRE) is a publicly-traded multifamily REIT operating primarily in the Northeast. Comparable to Lexington as a multifamily owner/operator with exposure to the NYC metro, though at public-company scale and with a structured REIT capital base.
• Pretium Partners: Pretium Partners is a large, institutional residential real estate investment manager with strategies spanning single-family rental and multifamily. Comparable to Lexington's value-add residential strategy at much greater scale and with institutional capital.

Regional players

• Cammack Lyman (or Regional Pittsburgh operators such as FYY Capital): Regional Pittsburgh-area multifamily and mixed-use operators (e.g., Cammack Lyman) are comparable to Lexington's Pittsburgh footprint as local market participants buying and repositioning multifamily in the same metro.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/lexingtonrealtycapital

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 Lexington Realty Capital