Stewardship

Capital Preservation. Capital Return.

Over 100 years the Landau and Melnicke families built wealth through discipline, restraint, and a refusal to take risks that could not be repaid. The families arrived in the United States from a Europe shaped by war and instability, with no inherited wealth.

What followed was disciplined accumulation: Income-producing, essential real estate

Built from modest savings. Preserved over generations.

Assets Under Management

Years Family Ownership

Real Estate Investments

Properties

A Record of Repayment

Over time, the families have repaid more than $100 million in borrowed capital across multiple lending relationships.

Trusted by Institutional Lenders

Aligned with Institutional Leaders

$86.7BN+ AUM 35+ Years of Evolution 6,600 Employees

The families have invested alongside institutions such as Millennium Management, a global investment firm managing approximately 86.7BN+ in assets.

Built to Endure. Structured to Return Capital.

100+ year family crest

Investment Principles

1
Long term: Assets are acquired to be held - not traded.
2
Financing: Leverage is used conservatively, and often avoided.
3
Upside: Cash flow - not appreciation - is the foundation of returns.
4
Longevity: Decisions are evaluated across decades, not cycles.

This approach has remained unchanged across generations.

Private by Design

Reputation Built on Integrity

In the closely networked New York financial community, reputation is built on integrity, not marketing.

Private Profile

The families do not maintain a public profile. Relationships are long-term, and results — not visibility — define the business.

Unchanged Across Generations

This approach has remained unchanged across generations: preserve capital, honor obligations, and pass the platform stronger to the next generation.

LM Developments is not built for a single cycle.

It is built for continuity — where capital is preserved, obligations are honored, and each generation leaves the next stronger than the last.