Investment

DEVELOPMENT

ASSET MANAGEMENT

Acquisitions

Acquisitions

Lynd has a highly skilled team of individuals that have worked together for over 15 years. During this time this team has acquired over 3B in Real Estate.

Acquisitions team

CONSTANTINE SCURTIS

CO-CEO

Mr. Scurtis graduated from the Edwin L. Cox School of Business at Southern Methodist University with a B.B.A. in Finance and a minor in economics. As Managing Partner of Lynd, Mr. Scurtis lead the efforts in acquiring in excess of $1B of multifamily & commercial properties. Constantine and David Lynd are co-founders of SL Capital. SL Capital has acted as correspondent lender to several major lending institutions including Cantor Commercial Real Estate, Berkeley Point Capital and Hunt Real Estate Capital. SL Capital has originated and facilitated the funding of loans in excess of seven hundred and fifty million dollars. Constantine is a co founder of Downstream Realty LLC headquartered in Miami FL with offices in Dallas, TX. Downstream has developed in excess of one hundred million dollars Class A climate controlled self storage facilities in South Florida.

AJ MANASEER

Vice President of Acquisitions

A.J. brings a wide-ranging and entrepreneurial background to the Lynd team. He has over 15 years of experience in finance and real estate, including several years in both investment analysis and operational management. Since joining Lynd in 2015 as Vice President of Acquisitions, A.J. has been a part of $300M in transactions totaling over 4500 units. He has brokered over $300M in other transactions since 2013. Prior to joining Lynd, A.J. was the head of an opportunistic investment fund and assembled a portfolio of distressed properties in the Chicago area that has achieved a 12% return on invested capital every year since inception. A.J. has a Bachelor’s Degree in Economics from Duke University and a M.B.A. from DePaul University. He is also a licensed real estate broker in the State of Illinois.

LEWIS BORSELLINO JR.

Director of Acquisitions

Lewis Borsellino joined the Lynd Companies in 2016. Since joining Lynd, Lewis has directed the acquisitions of over 300 million dollars in multifamily acquisitions and more than 4,500 units. Prior to joining Lynd, Lewis worked for Wolf Point Advisors and Prism Health Care Group in various roles pertaining to real estate. Lewis has experience in proforma and asset analysis, capital structuring, development, and transaction management. Lewis is a graduate of Arizona State University with a degree in Business Communication.

JACOB CASTELLANOS

Mr. Castellanos has worked in real estate finance since 2000. He began as an Actuary for a USAA Life Insurance and moved to their Home Mortgage/Equity Loan department where he ended his tenure in 2003.At the Lynd Company he and Adam David Lynd developed the first In-house billing system. Many iterations later it is still the most valuable program at Lynd worth almost $3Million (while operating at a 25% Expense Ratio). In 2010 Mr. Castellanos worked with Mr. Lynd to close the largest Real Estate transaction of the 21st Century(at that time) valued at $300+Million. That led to multiple underwritings which to date average around a 20% IRR combined. Mr. Castellanos studied at The University of Texas in San Antonio, where he achieved a Bachelor of Science in Mathematics and worked on a Masters of Science in Applied Mathematics. As part of Lynd Opportunity Partners/Iron Born Asset Management he has been instrumental in acquiring $300 million of Assets in 24 months. Mr. Castellanos has achieved 15+ years employment with the Lynd Corporate organization.

We partner with best in class Capital Partners to execute on well-defined strategies such as:

Value add – Find opportunities where assets are under market in rents or occupancy. Correct physical and operational inefficiencies to create increased NOI that leads our return expectations. Lynd has done 120m in Value add rehab since 2004.

Defaulted notes – Locate Notes that are not performing. Acquire them, foreclose on them and reposition the asset. Buying at a reduced basis creates arbitrage opportunities. Lynd has successfully acquired and managed over 60 notes equaling 1b of the unpaid principal balance.

Lynd utilizes an extensive network of brokers, owners, management companies and intermediaries to locate, underwrite and acquire assets. Many of these acquisitions were sourced off market or direct with sellers. This creates unique buy opportunities that lead to higher then average returns.

Asset Types

Off property acquisitions

Portfolios acquisitions
2,100 units / 6 units

Defaulted Note Purchases
4,000 units, 17 units, Sale Price $93,389,048

Commercial

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Entrepreneurial Real Estate
856,000 Sqft / Sale Price $256 Million

 



856,000 Sqft / Sale Price: $256 million

Lynd has used a series of funds over a 20 year history to place investor capital into Real Estate. Over the past 20 years we have operated 4 funds totaling 2.8b of assets.

Click here to learn more about Lynd Opportunity Partners Funds >>

historically acquired ASSETS

ACQUISITION STATS
» Nearly $2.9B of assets acquired or developed across 10 states.
» Realized profits of over $813M on acquisitions.

testimonial

We’ve been partnered with the Lynd Companies since 2010. We’ve had many successful ventures together and much of our success as a partnership can be attributed to their hard work ethic, attention to details and determination to succeed. The Lynd Company is an incredible platform company, but more importantly, what stands out the most and what we appreciate the most, is the friendships that we’ve created. We believe that good real estate investments are always made alongside good people and Lynd Company are good people.

Gus Alfonso, Managing Partner
Florida Value Partners