Emet Capital Management

Emet Capital Management, LLC is a private equity real estate investment firm founded in early 2012, specializing in maximizing total return on capital through control investments in domestic rental housing assets. The firm's core strategy focuses on producing current income and capital appreciation by rehabilitating distressed assets, primarily in affordable housing for low-to-moderate income families, student housing, and housing for seniors. Emet operates as a discretionary investment advisor to investment vehicles it sponsors, with regulatory assets under management of $499,248,000 as of December 31, 2024. The firm charges management fees ranging from 1-2% of capital commitments or invested capital, along with a carried interest of 20% in profits. Emet's investment philosophy involves a multi-step approach, including sourcing appropriate opportunities, acquiring investments at discounts, and implementing value-add strategies to drive operational improvements. The firm's investment analysis includes considerations such as market fundamentals, competitive landscape, and alignment of interests with partners. Emet's Code of Ethics emphasizes fiduciary duty and compliance with securities laws, with a focus on fair and equitable treatment of clients. The firm does not compensate for client referrals and does not hold client assets, ensuring custody by third-party custodians. Emet exercises investment discretion on a discretionary basis for Advisory Clients, managing their investments in accordance with governing documents and investment guidelines. The firm's voting policy prioritizes maximizing investment value for clients, with proxy decisions made by the investment team. Emet reports no financial conditions impairing its ability to meet commitments and has not been subject to bankruptcy since its establishment.