Lynd-Topaz joint venture sells Jacksonville apartment community for $66 million

Lynd Acquisitions Group (LAG), a division of the Lynd Group, and its JV partner Topaz Capital, sold a 444-unit value-add multifamily asset in Jacksonville for $66 million just three years after acquiring it for $35.15 million.The partnership invested approximately $5 million updating both living spaces and common areas. They renovated approximately 75 percent of the units, increasing average rents from $783 per month to $1,078 per month at the time of closing.09-14-2022 Yield Pro Continue Reading (PDF) >>>