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MAY
2024

LION EXPANDS EXECUTIVE TEAM WITH ADDITION OF 30-YEAR MULTIFAMILY ASSET LEADER AMANDA ZINSMEYER

MAY
2024

LION ENTERS CHARLOTTE MARKET WITH OFF-MARKET MULTIFAMILY PROPERTY ACQUISITION OF THE APARTMENTS AT RADBOURNE LAKE

MARCH
2024

Co-CEO/Co-Founder Jeff Weller highlights Investment Opportunities in B/C Class Multifamily assets at the Bisnow Nashville event

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Jeff Weller joins a panel of speakers to discuss LREG's niche target investments in Class B/C Multifamily communities throughout the Sun Belt. He emphasizes company's focus on fixed-rate financing and leveraging their vertically integrated property management and construction teams to bolster cash flow and opportunistic returns to investors.

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FEB
2024

LION IN REAL ESTATE ALERT- CURRENT INVESTMENT OPPORTUNITY CONTINUES TO GROW

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Lion Real Estate has raised about $100 million of equity for its latest value-added vehicle targeting the apartment sector. LREG Multifamily Fund 3 is seeking to raise $300 million of equity, which would make it the largest fund in the manager's series.

The equity raised to date is already half of the $200 million raised by LREG Multifamily Fund 2, which held a final close in 2022 and is fully invested. With leverage, the new fund would have up to $1 billion of buying power. Dallas-based Lion invests in apartment properties throughout the Sun Belt.

Fund 3 will target an 18% return, up from 15% for Fund 2. Presumably, the manager expects to find good prices in the apartment sector, given potential waves of distress due to stubbornly high interest rates.

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FEB
2024

LION REAL ESTATE GROUP ACQUIRES DISTRICT 2308_A CLASS B 240-UNIT MULTIFAMILY PROPERTY LOCATED IN ARLINGTON, TX

DALLAS -- (Business Wire) --  Lion Real Estate Group ("Lion" or the "Firm"), an investment firm focused on multifamily properties in the Sun Belt states, announced that it has acquired District 2308, a Class B  240-unit multifamily property located in Arlington, TX, approximately two miles north of AT&T Stadium, home of the Dallas Cowboys, and Texas Live!

Ben Kriegsman, Director of Acquisitions at Lion, said, "District 2308 is our second acquisition in our third discretionary fund and represents an incredible opportunity for us to bring our proven, value-add program to another asset in the robust Dallas-Fort Worth (DFW) Metroplex. Lion now owns 2,226 units in DFW, and we are committed to growing our portfolio across the Sun Belt and Southeast by acquiring additional communities at an attractive basis. Current market dynamics, our access to accretive fixed-rate financing, and our vertically integrated management platform separate Lion from many other real estate investment firms, allowing us to confidently deliver robust cash flows and risk adjusted returns to investors while providing quality housing to our communities."

To ensure that District 2308 meets Lion's high-quality standards and is in line with the rest of its Dallas-Worth Worth portfolio, the Firm plans to renovate 100% of the unit interiors with stainless steel appliances, quartz countertops, new flooring, refreshed paint, among other premium upgrades. Focusing on a niche sector allows for bulk pricing and reduced renovation costs per unit. Lion also intends to make improvements to amenities and common areas at the property. The Firm recently onboarded a President of Operations and a Vice President of Marketing who will play an integral role in the Firm's rapidly expanding operations across the country.

About Lion Real Estate Group

Lion Real Estate Group was founded in 2007 by Jeff Weller and Mory Barak. The Firm seeks to acquire value-add and opportunistic multifamily properties located in the Sun Belt region of the U.S. Lion has executed over $2.5 billion of real estate transaction value across 116 projects encompassing more than 13,600 units since inception. Lion's corporate headquarters is based in Dalla, TX with additional offices located in Los Angeles, CA and Nashville, TN. Lion's limited partners are high-net worth and institutional, based both domestically and internationally. For more information or for potential investment opportunities, please visit Lion's website at www.lionreg.com.

Contact
Dasha Waller
Director of Investor Relations
Lion Real Estate Group
dasha.waller@lionreg.com

Ben Kriegsman
Director of Acquisitions
Lion Real Estate Group
ben.kriegsman@lionreg.com

OCT
2023

LION WALKS TO SUPPORT CANCER AWARENESS IN LA AND DALLAS

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SEPT
2023

LOYAL PROFFITT COMES ON BOARD AS PRESIDENT OF OPERATIONS

Lion Real Estate Group brings on President of Operations

Loyal Proffitt joins Lion Real Estate Group to manage multifamily operations

DALLAS, Sept. 18, 2023 — Lion Real Estate Group, LLC ("LREG"), a real estate investment and asset management firm focused on acquiring value-add and opportunistic multifamily properties, today announced the hire of Loyal Proffitt as President of Operations.

In this role, Mr. Proffitt will be responsible for the daily operations of LREG’s portfolio nationwide. The firm has executed $2.5 billion of real estate transaction value across 116 projects and historically invested $705 million of equity over 16 years. Through his leadership, he will work to meet the mission and goals of Lion’s investors, owners, and business partners as the company seeks to double in size over the next 24 months.

Mr. Proffitt brings over 35 years of multifamily operations and executive leadership experience to Lion Real Estate Group. Most recently, he was the President of the property management division at Allied Orion Group where he oversaw a portfolio of approximately 28,000 units. Before that, he served as President at The Related Group in Florida and was Chief Operating Officer at US Residential.

“We are excited to welcome Loyal to the Lion Real Estate family,” said Mory Barak, Co-Managing Principal of Lion Real Estate Group. “The depth of his experience will be invaluable to us, and he is a perfect complement to our existing team-oriented culture. We have no doubt he will be able to help us further maximize our operations and strengthen our organization as we continue to grow.”

Mr. Proffitt has served on the Board of Directors of the Houston Apartment Association (HAA), the Apartment Association of Greater Dallas (AAGD), and the San Antonio Apartment Association (SAAA).

About Lion Real Estate Group

Lion Real Estate Group ("LREG") is a real estate investment firm founded in 2007 by Jeff Weller and Mory Barak and headquartered in Dallas, Texas. Since inception, the LREG has acquired more than 13,600 units across ten states. Its current investment vehicle is targeting to acquire 15-20 assets in the Atlanta, Austin, Dallas, and Nashville markets. Lion has realized a 30% net IRR across 64 assets and over 7,800 units sold.

For more information, visit www.lionreg.com.

Contact
Jonathan Marino
Prosek Partners
jmarino@prosek.com

JULY
2023

ACQUISITION OF THE SURROUND – 354 UNITS IN DALLAS

DALLAS – (Realty News Report) – Lion Real Estate Group, a Dallas-based investment firm focused on multifamily properties, has acquired a 354-unit apartment community in North Texas from Nitya Capital.

Earlier this year, Nitya Capital, a Houston-based real estate investment firm, said it intends to sell some 40 percent of its properties as it deals with today’s higher interest rate environment. Well known in the Houston real estate community, Nitya Capital’s founder, Swapnil Agarwal, immigrated from India when he was 15 years old and eventually won the EY Entrepreneur of the Year award in 2017.

In the North Texas disposition, Nitya sold The Surround Apartments located in Irving, near Dallas.  The acquisition was made as part of LREG Multifamily Fund III, LP, a $300 million discretionary private equity fund.

The property will be rebranded as The Stella, with capital improvements and renovations scheduled to begin immediately

The acquisition adds more than 350 units to the Lion’s existing portfolio, giving the firm a total of 1,986 apartment units in the Dallas area.

Jeff Weller, Managing Partner and Co-Founder of Lion, said, “We believe the fundamentals of the multifamily real estate market are the best they’ve been in years,” said Jeff Weller, Managing Partner and Co-Founder of Lion. “We are pleased to be able to execute a seamless acquisition with Nitya and look forward to partnering with their team on future transactions.”

Mory Barak, Managing Partner and Co-Founder of Lion, added, “Our long-term relationships with brokers and owners allows us to quickly acquire assets such as The Surround Apartments without the friction that typically comes with a fully marketed process. When combined with our vertically integrated asset management and preferred borrower status with both Fannie Mae and Freddie Mac, which offer fixed rate financing, we can deliver significant returns despite the current environment.”

Ben Kriegsman, Director of Acquisitions at Lion, said, “We believe The Stella offers us an excellent opportunity to add substantial density to our growing real estate portfolio in Irving, Texas. We’re bullish on the submarket and are excited by the opportunity to bring our value-add expertise to yet another amazing community. We are looking forward to subsequent acquisitions as we continue to grow our portfolio and are actively sourcing and evaluating acquisition opportunities in Dallas-Fort Worth, Nashville, Austin, Atlanta, and Phoenix, among other markets.”

Lion currently owns 24 multifamily communities that encompass more than 5,900 units across five states, with a value of approximately $1.4 billion. Lion’s corporate headquarters are based in Dallas and it has with additional offices located in Los Angeles and Nashville.

In other Texas multifamily news, Nashville-based Southern Land Company recently announced plans to build a 36-story, 318-unit apartment tower on Kirby Drive in Houston.


July 27, 2023 Realty News Report Copyright 2023

JUNE
2023

DASHA WALLER HIRED TO SPEAR HEAD INVESTOR RELATIONS

Dasha Waller, formerly of Hackman Capital Partners, joins as Lion Real Estate Group continues to experience rapid growth across its portfolio

LOS ANGELES, May 3, 2023 /PRNewswire/ — Lion Real Estate Group, LLC ("LREG"), a real estate investment and asset management firm focused on acquiring value-add and opportunistic multifamily properties, today announced the appointment of Dasha Waller as Director ofInvestor Relations. In this newly created role, Ms. Waller will be responsible for managing all aspects of LREG's investor relations activities. She will be based in LREG's Los Angeles office and report to Managing Principal and Co-Founder Jeff Weller.

"We are thrilled to welcome Dasha to the firm and I know she will be a critical part of our continued growth," said Mr. Weller. "Dasha's understanding of real estate investing combined with her investor relations acumen make her the perfect person to further institutionalize our capital raising efforts and support our existing investors."

Ms. Waller brings more than 20 years of real estate and IR experience to her new role at LREG.Prior to joining the firm, she served as Vice President of IR at Hackman Capital Partners and previously held investor relations roles at CGI Strategies and Ethika Investments. Ms. Wallerbegan her career at CBRE, going on to work with the acquisitions and development teams at Granite Peak Partners and Western National Group.

"For over a decade and a half, Lion Real Estate meticulously executed on its strategy of acquiring and investing in value-add multifamily assets in key cities throughout the Sunbeltregion," said Ms. Waller. "This discipline has served them well, especially as demand for more niche strategies has increased dramatically. I look forward to building on their incredible platform and network, while also introducing additional investors to a fi rm that is perfectly positioned to continue delivering to its limited partners through yield focus and well underwritten exit strategies."

Ms. Waller joins LREG following the close of the firm's LREG Multifamily Fund II, which received over $200 million in commitments. The company continues to evaluate opportunities to acquire and invest in value-add communities on behalf of its institutional, family office and high-net-worth investors.

About Lion Real Estate Group

Lion Real Estate Group ("LREG") is a real estate investment firm founded in 2007 by JeffWeller and Mory Barak and headquartered in Dallas, Texas. LREG focuses on the acquisition of value-add and opportunistic multifamily properties by leveraging its principals' experience to create value for investors through renovation, repositioning, better management, and optimization of its properties. Since inception, the firm has executed approximately $2.5 billion of real estate transaction value across 115 multifamily and office projects and more than 13,000 units across ten states. Its current portfolio concentrates on the Atlanta, Austin, Dallas, Denver ,and Nashville markets with a total 5,742 units across a mix of multifamily properties, as well two creative office buildings.

For more information, visit www.lionreg.com.
Contact
Morgan McGinnis
Prosek Partners
mmcginnis@prosek.com

SOURCE Lion Real Estate Group, LLC

JUNE
2022

LION REAL ESTATE GROUP ACQUIRES 172-UNIT DALLAS MULTIFAMILY PROPERTY

Lion Real Estate Group, LLC ("LREG"), a real estate investment and asset management firm focused on acquiring value-add and opportunistic multifamily properties, has acquired Lucia, a 172-unit multifamily property located at 2825 Royal Lane, Dallas, Texas.

Lucia, formerly known as Del Son on Royal Lane, was first built in 1966. The property consists of one, two, and three-bed options averaging 807 SF and is located in the heart of the Dallas-Fort Worth Metroplex, the economic powerhouse and cultural hub of North Texas. Globally connected and centrally located, Dallas is the ideal location for businesses and residents alike. Home to 21 Fortune 500 companies, 41 Fortune 1000 companies, and 300 corporate headquarters, the local economy is booming more than ever. Del Sol on Royal Lane is situated within 5 miles of several Shopping Centers such as Walmart, Sam’s Club, Medical City Dallas Hospital and other Health Services, Park & Recreation Centers, and Parker University & Elementary Schools, High schools, and Colleges.

Lucia has always been a highly occupied and sought-after workforce housing asset being located directly on Royal Lane in NW Dallas. LREG plans to rebrand the property under its new name of "Lucia" and will be doing significant renovations both inside and outside including a complete exterior paint job and interior upgrades to the remaining classic units as well as enhancements to the previously renovated units.

Lion Real Estate Group is a vertically integrated real estate investment firm founded in 2007 by Jeff Weller and Mory Barak. Lion Real Estate Group focuses on the acquisition of value-add and opportunistic multifamily and creative office properties by leveraging its principals’ experience to create value for its investors through renovation, repositioning, better management, and optimum capitalization of its properties. Lion has an entrepreneurial team that possesses a track record in the execution of sophisticated investment strategies and has been a part of more than $1.5 billion of a joint venture, equity, and mezzanine real estate transactions. The firm currently owns and operates 5,909 units across twenty-eight multifamily properties and two office properties located in the Los Angeles, Nashville, Denver, Dallas, Austin, Atlanta, and Salt Lake City areas. Lion Real Estate is currently investing out of their LREG Multifamily Fund II, a $250M discretionary multifamily fund.

SEPT
2021

LION REAL ESTATE GROUP ACQUIRES 496-UNIT IRVING MULTIFAMILY PROPERTY

Lion Real Estate Group, LLC ("LREG"), a real estate investment and asset management firm focused on acquiring value-add and opportunistic multifamily properties, today announced it has acquired Trinity, a 496-unit multifamily property located at 1147 Esters Road in Irving, TX. Terms of the sale were not disclosed.

Trinity, formerly known as Trails of Towne Lake, was first built in 1984. Units range from 637 square feet to 1,152 square feet with a mix of one- and two-bedroom units and offer several amenities, including a resort-style pool and fitness center. The property recently completed exterior upgrades and is undergoing interior refurbishments as part of a $4.5 million renovation program to increase curb appeal and bring rents in line with market value.

"We are delighted to complete this deal and expand our presence in the Dallas-Fort Worth area," said Jeff Weller, Co-Founder and Managing Principal of LREG. "Having relocated LREG's headquarters to Dallas at the beginning of 2021, the purchase of Trinity reflects our ability to identify attractive multi-family developments in nearby upscale suburban areas, where we can add value and realize promising returns alongside investors."

The Trinity transaction marks LREG's first investment from its newest fund, LREG Multifamily Fund II, which recently raised $118 million from a mix of high-net-worth and institutional investors. Consistent with LREG's thematic focus, the fund targets multi-family housing properties in strong economic growth areas with convenient access to urban centers and major freeways. Trinity is 15 minutes from downtown Dallas and is situated near State Highways 161 and 183. LREG's first fund, Marble Partners Fund I, LLC, has been fully invested in 3,503 units across nine markets since 2020.

"As one of Texas' strongest submarkets, we are very pleased to add Irving to our portfolio of investments," added Mory Barak, Co-Founder and Managing Principal of LREG. "The area's solid growth fundamentals, location outside the urban core, and diverse, educated workforce were all compelling qualities as we explored this investment opportunity."

Dallas-Plano-Irving is one of the leading metro divisions for jobs recovery post-pandemic, accounting for nearly a third of Texas' total job gains over Q2 2021. Irving has more Fortune 1000 global headquarters per capita than any other city in the state, according to The Irving Economic Development Partnership, and was also recently named the second-most culturally diverse city in the U.S.

The deal follows LREG's April acquisition of Collier Ridge, a 300-unit multifamily property in West Buckhead, Atlanta, GA. LREG's estimated value of real estate and cash assets under management is approximately $1.1 billion as of August 31, 2021.

Newmark was the selling broker in the transaction and has also arraigned financing.

APR
2021

LION REAL ESTATE GROUP ACQUIRES COLLIER RIDGE IN ATLANTA FOR $67 MILLION

Lion Real Estate Group, LLC, a real estate investment and asset management firm focused on acquiring value-add and opportunistic multifamily properties, today announced it has acquired Collier Ridge (100 Noble Creek Drive), a 300-unit multifamily property located in West Buckhead, Atlanta, GA, for $67 million.

The property, which was first built in 1980, offers full amenities, including a resort-style pool, lit tennis court, playground, fitness center, and dog park. The transaction reflects a price of $223,000 per unit, or $157 per square foot.

“We are delighted to expand the Atlanta section of our portfolio with another acquisition outside of the city’s urban core,” said Jeff Weller, Co-Founder and Managing Principal of LREG. “The city has become a domestic leader in terms of job prospects, rent collection resiliency, and multifamily market performance, making it an attractive destination to deploy capital and realize promising returns alongside our investors.”

Prior to selling, Collier Ridge completed premium renovations to 60 percent of its units, upgrading them with new cabinetry, stainless steel appliances, vinyl flooring, granite countertops, and subway tile backsplashs. As part of this transaction, LREG will implement a three-year $2.8 million renovation plan to upgrade the remaining units, increase the Property’s curb appeal, and bring rents in line with market rates.

“We have acquired this asset at what we consider to be a very fair price compared to similar properties in the market,” said Mory Barak, Co-Founder and Managing Principal of LREG. “Between our planned renovations, the affluent submarket’s convenient access to a world-class airport, and its close proximity to both Midtown and Downtown Atlanta, we are confident Collier Ridge will generate a significant increase in value over time.”

Starting at 1,336 square feet, the Collier’s units are 300 square feet larger, on average, than units within comparable properties. Sixty-two percent of Collier Ridge units are two-bedroom, two-and-a-half bath townhomes catering to families, and the property is situated close to the highly coveted Morris Brandon Elementary School.

The transaction marks LREG’s newest addition to its portfolio of multifamily properties in Atlanta. In September 2020, the firm purchased 584 apartment units across two buildings – Everly Apartments and Domain Apartments – for a combined $83.25 million. LREG’s estimated value of real estate and cash assets under management is approximately $1 billion as of March 31, 2021.

JAN
2021

LION REAL ESTATE GROUP MOVES HEADQUARTERS TO DALLAS FROM LOS ANGELES

We are pleased to announce that we have opened our new company headquarters in Dallas, TX as of January 4, 2021. Lion has taken space at 3811 Turtle Creek Blvd., less than five miles from Dallas’ Main Street District, and will retain its Los Angeles office to support West Coast operations.

The decision to relocate our corporate headquarters to Dallas aligns with our strategy of acquiring desirable multifamily assets outside of the urban core, both in Texas and in other high-growth cities across the Sunbelt and Southeast. We also feel that the move will help us expand our network of investors as well as improve our ability to secure direct deals on attractive terms with strong potential rates of return.

For more information on the corporate relocation please refer to the article recently published in the Dallas Business Journal.

AUG
2020

LION REAL ESTATE GROUP ENTERS INTO ATLANTA MARKET WITH THE ACQUISITION OF DOMAIN & EVERLY APARTMENTS

We are pleased to announce that we have closed on our first two acquisitions in Atlanta, Georgia, with the combined purchase price of $83.25 million. Lion Real Estate Group has acquired Domain and Everly Apartments (formerly known as “Ashford 6860” and “2800 at Sweetwater,” respectively). We project these properties to have an average cash on cash yield of 10.9% and an average IRR of 17.81% over the hold period.

The acquisition was recently featured in Multi-Housing News and BISNOW.The links to the stories may be accessed by clicking on the publication titles.

AUG
2020

REAL ESTATE INVESTMENT FIRMS LION REAL ESTATE GROUP AND MARBLE PARTNERS EXPAND DALLAS AREA FOOTPRINT WITH ACQUSITION OF A 140-UNIT MULTIMAILY PROPERTY IN PLANO, TEXAS

Real estate investment firms Lion Real Estate Group and Marble Partners recently acquired a 140-unit multifamily property in Plano, Texas, Highpoint Apartments & Townhomes, located at 6533 East Medalist Circle. This is the second multifamily acquisition in the Dallas area for Lion Real Estate Group. Lion also owns and manages the Embry Apartments in Carrolton, which was acquired in May 2019.

Constructed in 1986, Highpoint Apartments & Townhomes features a swimming pool, clubhouse, business center, playground, and picnic area. The unit mix is comprised of 80% townhomes with 68 two-bedroom units and 72 three-bedroom units. The property is located in the highly rated Plano Independent School District, making it an appealing option for families.

Multi-Housing News, BISNOW, and the Dallas Business Journal recently featured our new acquisition (article links inserted into publication names).

JAN
2020

LION REAL ESTATE GROUP ACQUIRES SIXTH PROPERTY IN THE NASHVILLE AREA, 350-UNIT ARBOURS OF HERMITAGE APARTMENTS.

Lion Real Estate Group is pleased to announce that we have closed on our 6th acquisition in the Nashville area, the Arbours of Hermitage Apartments (“The Arbours”). The Arbours is a 350-unit multifamily property consisting of one, two, and three-bedroom apartments located at 6001 Old Hickory Boulevard in the suburb of Hermitage, 12 miles east of the downtown Nashville core.