News

Lynd Development Plans to Construct $30 Million Self-Storage/Retail Project in Miami

“Lynd is excited to add self-storage as an asset class to our platform,” A. David Lynd, CEO of Lynd Development Group. “It was a natural fit as my partner Constantine has developed several projects in South Florida. This is our first storage deal under Lynd, but it’s the 5th for the team. We feel that storage is a good complement to our core residential business since most renters and homeowners have excess property they won’t give up yet it won’t fit in their homes.”10-27-2022 SFBWe Continue Reading (PDF) >>>

Lynd to Develop $61M Build-to-Rent Residential Community in Lockhart, Texas

LOCKHART, TEXAS — San Antonio-based multifamily developer The Lynd Group has acquired a 30.5-acre parcel in Lockhart, about 35 miles south of Austin, for the development of a 174-unit build-to-rent community. Lynd is developing the project, which carries a total price tag of $61 million, in partnership with T.R. Inscore. Residences will come in two- and three-bedroom formats and will have an average size of 1,530 square feet. Communal amenities will include a pool, fitness center, dog park, a clubhouse and outdoor grilling and dining areas. Construction is scheduled to begin in January, with the first homes slated to come online in the third quarter of 2023.10-18-2022 RE Business Online Continue Reading (PDF) >>>

Lynd Development Planning Lockhart BTR Project

The $61 million Lockhart development is planned for 2-and 3-bedroom homes with an average size of 1, 590 square feet. Residents will have access to an amenity package such as a resort-style pool, a dog park, 24-hour fitness center, clubhouse, BBQ grilling station and picnic area. Groundbreaking is expected in January 2023 with the first homes delivered in the third quarter. Average lease rates are expected to be around $2,808 per month.10-17-2022 connectcre Texas Continue Reading (PDF) >>>

Lynd Development Announces $30 Million Self-Storage/Retail Project in Miami

Lynd Development Group, LLC, a division of San Antonio, Texas-based Lynd Group, is developing an eight-story, $30 million mixed-use project off U.S. 1 in Miami featuring a state-of-the-art self-storage facility. The company has been approved for 127,923 square-feet of storage and 6,025 square feet of ground-floor retail at 9300 S. Dixie Highway, Miami, Florida in the Dadeland submarket.“Lynd is excited to add self-storage as an asset class to our platform,” said A. David Lynd, CEO. “It was a natural fit as my partner Constantine has developed several projects in South Florida. This is our first storage deal under Lynd, but it’s the 5th for the team. We feel that storage is a good complement to our core residential business since most renters and homeowners have excess property they won’t give up yet it won’t fit in their homes.”10-17-2022 Real Estate Weekly Continue Reading (PDF) >>>

Lynd Plans to Redevelop Dadeland Site Into Self-Storage Facility

Lynd Development Group secured a ground lease for a $30 million self-storage project near the Dadeland Mall, the San Antonio-based company announced. The development will feature 127,923 square feet for self-storage, and also include 6,025 square feet of ground-floor retail. “With South Florida’s recent boom in population, we need more indoor storage capacity for people to put their belongings,” Constantine Scurtis, Lynd’s chief investment officer, said in a statement.”10-17-2022 Commercial Observer Continue Reading (PDF) >>>

Is The Multifamily Sunbelt Strategy In Danger Of Oversaturation?

There is no single Sun Belt according to David Lynd, CEO of the Texas-based Lynd Group, who has been acquiring and developing real estate in the Sun Belt for 40 years. He understands the appeal. “The pandemic forced everyone to hit pause,” Lynd says. “Human beings are very behavioral. It was like someone putting a stick in a wheel of a bike. You get thrown off the bike. It forced people to deal with mortality, made them assess if they liked what they did for a living, and made them think about what they valued. People said, ‘I want to live in a place with good weather, good government that lets you keep most of your money.”10-14-2022 Globe St Continue Reading (PDF) >>>

Lynd Plans to Redevelop Dadeland Site Into Self-Storage Facility

Lynd Development Group secured a ground lease for a $30 million self-storage project near the Dadeland Mall, the San Antonio-based company announced. The development will feature 127,923 square feet for self-storage, and also include 6,025 square feet of ground-floor retail. “With South Florida’s recent boom in population, we need more indoor storage capacity for people to put their belongings,” Constantine Scurtis, Lynd’s chief investment officer, said in a statement.” 10-14-2022 Austin Business Journal Continue Reading (PDF) >>>

Lynd Development Announces New Build-to-Rent Community Near Austin, Texas

Lynd Development Group, LLC, a division of The Lynd Group, announces its newest build-to-rent (BTR) community in Texas, a 174-unit attached singlefamily home project in Greater Austin. San Antonio-based Lynd, along with its partner, TR Inscore, LLC, are developing Lynd Living@Lockhart on a 30.5-acreparcel at 2510 Borchert Drive in Lockhart. The land acquisition closed October 12th. Located about 30 miles south of Austin, Lockhart is a bedroom community for commuters and is known as the Barbecue Capital of Texas.10-14-2022 CityBiz Continue Reading (PDF) >>>

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