DALLAS—A portfolio of 11 Texas multifamily properties was recently acquired byLynd. Thisportfolio has a total of 2,405 units with an average vintage of2005. The total purchase price was undisclosed.
Lynd sourced this portfolio through its broad base ofrelationships in the industry and partnered with a global privateequity firm to capitalize the transaction. The business plancenters on improving the neglected aspects of the variousproperties, improving operations and increasing rents to perform inline with or better than market standards.
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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.
