LEM Partners VII, L.P.

LEM Multifamily Fund VII, L.P.

This is a placeholder filing with $0 declared offering size, signaling the fund is in formation; the VII designation confirms LEM is executing a successor fund strategy in multifamily, meaning this manager cycles capital through numbered vintages rather than operating evergreen or continuation vehicles, which typically reflects a GP-led approach to vintage-year management and LP cohort structuring.