“Lynd is very proud of our execution on this transaction with our institutional partner,” said A. David Lynd, Lynd Group CEO. “We were able to buy this asset, establish excellent upside potential in our value-add program and consummate a successful sale. This yielded...
San Antonio-based development and investment firm Lynd Group has sold Villas at Valley Ranch, a 312-unit apartment community located in the northeastern Houston suburb of Porter, for $53.9 million. Continue Reading (PDF) >>>
“You’re going into these things at 3% cap rates, and then you’re betting on inflation and rent growth to carry the day. And that’s all great, except that a lot of people don’t realize that inflation is not just things costing more....
