News Summary

Professional Equity Management (PEM), a real estate investment firm, has completed its first fund by acquiring ‘The Robert’, a 284-unit luxury apartment community in Madison, Alabama. This acquisition brings PEM’s portfolio to over $347 million in high-quality multifamily assets in the Sun Belt markets. The property, located in a thriving economic area near Huntsville, features premium amenities and serves an affluent demographic. PEM’s vertically integrated approach has significantly increased occupancy through strategic leasing. Established in 1993, PEM focuses on acquiring multifamily assets with strong cash flow or value-add components, boasting an average IRR of over 20% across its investments.