SAN ANTONIO-Following a close to year-long negotiation, locally based Lynd Co. and partner Florida Value Partners of Miami Lakes, FL closed on a court-appointed receivership sale, handled by CBRE, of 3,241 units. The value of the CMBS loan on the 11-property portfolio was $200 million, though the actual transaction sales price was undisclosed.

“This involved one borrower who consolidated all his deals, then petitioned the court to handle this one case,” comments A. David Lynd, president and COO of Lynd Co. The buy consisted of 11 properties in Florida, Georgia, South Carolina, Texas, Virginia, California and Colorado.

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