Jeremy LeMere, Star Capital Management Group - Managing Principal.
Mr. LeMere is an established real estate investor and operator specializing in multifamily, commercial, and self-storage facilities situated in Northeast Wisconsin. With a real estate career spanning over 15 years, Mr. LeMere has garnered extensive expertise in building and rehabilitating single-family and duplex properties, laying the foundation for his successful journey in the real estate industry.
Demonstrating a commitment to continuous growth and education, Mr. LeMere invested in his professional development over the past 30 years. He began his journey by earning a Bachelor of Science degree in Mechanical Engineering from Michigan Technological University in Houghton, MI in 1995. Later, Mr. LeMere pursued an MBA with a focus on finance from the University of Wisconsin Oshkosh, further enhancing his business acumen and financial proficiency.
Complementing his academic pursuits, Mr. LeMere actively engaged with renowned real estate programs such as the Fortune Builders Mastery program and The Michael Blank educational platforms. These immersive experiences, coupled with participation in seminars and mastermind groups, have propelled his real estate knowledge and facilitated the rapid growth of his portfolio, culminating in the establishment of a thriving real estate business.
Today, Mr. LeMere not only achieves personal success but also contributes to the advancement of others in their pursuit of financial freedom through multifamily real estate. He serves as a mentor in The Michael Blank program, offering guidance and support to individuals seeking to make significant strides in their investment journeys. Mr. LeMere is active in local real estate organizations, including the WISCO REIA, REI Success and the Apartment Association of Northeast Wisconsin, where he holds a board position.
With a diverse portfolio encompassing syndication, partnerships, and privately held assets, Mr. LeMere's investment endeavors demonstrate a commitment to exceptional returns and sound risk management. In 2020, he founded Star Capital Management Group LLC, with the primary objective of facilitating the acquisition of income-producing properties. This venture allows everyday investors to access above-average returns without being constrained to traditional stock market options. Notably, Star Capital Management Group successfully closed their inaugural syndicated deal in July 2020, acquiring two properties comprising 289 self-storage units in Manitowoc, Wisconsin. These assets currently generate an impressive cash-on-cash return of over 30%. In December of the same year, Mr. LeMere's team facilitated the acquisition of 463 storage units and three commercial rental spaces in the Wausau, Wisconsin area, and again surpassed projected performance expectations. The continued growth of Star Capital Management Group has involved expanding the portfolio with high-visibility commercial real estate in neighboring Wisconsin communities.
Mr. LeMere's investment portfolio encompasses personal investments, self-directed IRA funds, Solo 401k funds, and syndicated investment funding from other investors. As of January 2023, the managed portfolio has achieved a valuation of $20 million, delivering outstanding returns to syndication partners, business partners, and friends and family who have joined alongside him in these ventures. Investors have expressed great satisfaction with the tangible asset class and have frequently reinvested in subsequent opportunities.
With a steadfast focus on the acquisition, operation, and development of real estate, Mr. LeMere prioritizes conservative underwriting and strives to deliver superior market returns for investors. By carefully defining the investment profile for each asset in the portfolio, he effectively manages investment risk levels and clarifies the investment strategy, ensuring continued success in his ventures.