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Lynd Acquisitions Group acquires three garden-style apartment communities for $150m
Transactions - MARCH 16, 2020

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Lynd Acquisitions Group acquires three garden-style apartment communities for $150m

by Released

Lynd Acquisitions Group has acquired a portfolio of three garden-style apartment communities in Texas for approximately $150 million. 

One property is in Houston and two are in the Austin metro area with a total of 1,059 units. LAG, which is an affiliated acquisition company of Lynd, a national multifamily management firm, has plans to sink $20 million into renovations.

“This is the kind of value-add opportunity you dream about as an apartment investor,” said A. David Lynd, CEO of LYND. “We have been working with this seller for two years in order to secure this portfolio and are very excited to finally be closing this transaction and getting on with the renovations.”

The seller, Sy Li, had acquired all three properties from the original developers within the last 20 years and had made no upgrades during that period.

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