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DURHAM, N.C. — LEM Capital has funded a $6.5 million joint venture investment for the acquisition and renovation of Emerald Forest, a 320-unit multifamily property located in Durham, N.C. The property is set to undergo value-add renovations. Emerald Forest is a garden-style asset that was built in 1985 and features a mix of studios, one-, two- and three-bedroom units.