L+M Companies, one of the country’s leading affordable and mixed-income housing developers, on Wednesday announced a strategic partnership and significant investment from Sixth Street, a leading global investment firm. The partnership will support L+M’s 40-year track record of development and preservation work in New York and 14 other states and expand its work to additional areas of the country. L+M will remain the majority partner in L+M Companies and its long-term leadership team will remain in place.
L+M Companies, a newly established holding company, comprises L+M Development Partners, L+M Fund Management and LMXD. L+M Companies will be led by Lisa Gomez, Eben Ellertson, Carrie Van Syckel and David Dishy.
“The creation and preservation of affordable housing is a pressing national priority, and L+M is committed to strengthening economically diverse communities decades into the future,” said Van Syckel. “Partnering with a leading investor like Sixth Street creates a powerful foundation for L+M to deliver on our mission and foster transformative, community-driven development that ensures long-term housing solutions for families across the country.”
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