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Multifamily Portfolio to Get NOI Boost

DALLAS—The 11-property portfolio has the largest concentration of assets in Dallas, with other assets in Houston, Midland, Odessa and El Paso, and Lynd plans to position these assets as leaders in each respective submarket.

Bridges on Kinsey Bridges on Kinsey was one of the properties acquired by Lynd in the portfolio grab.

DALLAS—A portfolio of 11 Texas multifamily properties was recently acquired by Lynd. This portfolio has a total of 2,405 units with an average vintage of 2005. The total purchase price was undisclosed.

Lynd sourced this portfolio through its broad base of relationships in the industry and partnered with a global private equity firm to capitalize the transaction. The business plan centers on improving the neglected aspects of the various properties, improving operations and increasing rents to perform in line with or better than market standards.

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Lisa Brown

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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