Gem Realty Capital

Real Estate SEC-registered adviser

Legal name: Gem Capital, L.P.

Chicago, IL Website LinkedIn

AUM

$6.3B
Regulatory AUM

Private funds

15
Real Estate 12 · Hedge Fund 3

Private fund assets

$4.5B
Gross asset value

Employees

69

Last Form D raise

Feb 2026
Most recent fund filing

From SEC Form ADV filing (filed Mar 27, 2026). View on SEC

People(7)

Owners and executive officers named on the firm's SEC Form ADV.

B
Barry Malkin
Trustee, Sjm 2019 Family Insurance Trust
Source: SEC Form ADV
D
Derek Lopez
Chief Investment Officer - Grp
Source: SEC Form ADV
M
Michael Elrad
Senior Managing Partner
Source: SEC Form ADV
M
Michael Geller
Co-Chief Investment Officer - Grs
Source: SEC Form ADV
M
Michael Sacks
Co-Trustee, Bam 2019 Family Insurance Trust
Source: SEC Form ADV
N
Norman Geller
Senior Managing Partner
Source: SEC Form ADV
S
Stephen Malkin
Co-Trustee, Bam 2019 Family Insurance Trust
Source: SEC Form ADV

Funds(15)

Private funds reported on Form ADV, with amounts raised from the funds' SEC Form D filings.

FundTypeGross assetsRaised (Form D)InvestorsLast Form DRecency
Gem Realty Securities Flagship, L.P.Hedge Fund$287.4M$761.1M254Feb 2026Warm
Gem Realty Evergreen Fund, L.P.Hedge Fund$416.1M$284.4M107Nov 2024Cool
Gem Savannah Portside Co-Inv, LPReal Estate$80.3M——Mar 2024Cold
Gem Realty Fund VII, L.P.Real Estate$1.1B——Oct 2021Cold
Gem Realty Fund Vii-A, L.P.Real Estate$129.5M——Oct 2021Cold
Gem Realty Special Situations Fund, L.P.Real Estate$25.9M——Apr 2021Cold
Gem Realty Sfr Co-Invest, L.P.Real Estate$141.1M$75.0M1Oct 2018Cold
Gem Orrington Co-Invest, L.P.Real Estate$125K$16.5M1Jun 2018Cold
Gem Realty Evergreen Fund Pf-Nm, L.P.Hedge Fund$246.5M$237.5M4Dec 2017Cold
Gem Realty Fund VI, L.P.Real Estate$1.3B——Apr 2016Cold
Gem Realty Fund Vi-A, L.P.Real Estate$183.4M——Apr 2016Cold
Gem Bvp Co-Inv, L.P.Real Estate$50.6M$20.0M1Nov 2014Cold
Gem Bvp Co-Inv - A, L.P.Real Estate$50.6M$20.0M1Nov 2014Cold
Gem Realty Fund V, L.P.Real Estate$392.1M———
Gem Realty Fund V-A, L.P.Real Estate$59.9M———

Board seats

Companies whose SEC Form D filings name one of this firm's people as a director, matched by name and office ZIP code.

No board seats matched from SEC filings yet.

Regulatory identifiers

CRD number
157210
SEC file number
801-73628
CIK
1544554

Sources