Seven-state purchase includes Austin

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.