Seven-state purchase includes AustinSeven-state purchase includes Austinhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=97092012-09-06T07:23:00Z2012-09-06T00:00:00Z

AUSTIN - San Antonio-based LYND, in partnership with Florida Value Partners (FVP), has purchased the $200 million unpaid principal balance on an 11-property multifamily portfolio. The recent buy is the first in a new investment fund jointly created by LYND and FVP.

The portfolio spans 3,241 units spread over seven states — Florida, Georgia, South Carolina, Virginia, California, Colorado and Texas.

The Texas assets consist of three Austin apartments:

  • Club Creek, 502 W. Longspur Blvd., built in 1984/renovated in 2005.
  • Village at Riverside, 1500 Crossing Place, built in 1998.
  • Wildwood, 7610 Cameron Rd., built 1985.

Read more at the San Antonio Business Journal and Globe Street.

San Antonio Business Journal
Austin-Round Rock
http://www.bizjournals.com/sanantonio/blog/2012/08/lynd-builds-up-its-multifamily-base.htmlRead more at {Source}

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