AUSTIN, TX-San Antonio-based LYND, in partnership with Miami Lakes-based Florida Value Partners, has bought an 11-property multifamily portfolio in a court-appointed receivership sale. The original loan balance on the portfolio was $200 million.
Terms of the deal were not disclosed. The properties, constructed between 1972 and 2000, total 3,241 apartment units. Club Creek, Wildwood and Village at Riverside are located in Austin. Other properties are located in Castle Rock and Aurora in Colorado, Sacramento, Orlando, Norcross in Georgia, North Charleston and Virginia Beach. For the full story, go to Commercial Property Executive .
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