News

Lynd Development Group, a division of The Lynd Group, announced a new 174 single-family home build-to-rent (BTR) community in Greater Austin. Lynd, along with its partner, TR Inscore, are developing Lynd Living at Lockhart on a 30.5-acre parcel in Lockhart, Texas. Located about 30 miles south of Austin, Lockhart is a bedroom community for commuters, according to Lynd.10-13-2022 Builder Continue Reading (PDF) >>>

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.09-16-2022 Daily Business Review Continue Reading (PDF) >>>

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) >>>

“As the housing market started to rebound in 2020, Lynd invested in two different priced renovation packages to see how the market would respond. “What we found is that the market responded very favorably by renting these homes at record rates,” said Constantine Scurtis, Chief Investment Officer of Lynd Acquisitions Group. “Our ability to adapt at a time of uncertainty while managing risk along the way paid off.”09-14-2022 Real Estate Weekly Continue Reading (PDF) >>>

“Lynd’s history with the property goes back to 2017 when it managed the property for a nonprofit owner. After renovating a few units to test the market, Lynd recognized an opportunity to improve what it considered a well-located asset in a rapidly strengthening housing market and partnered with Topaz to buy it outright in June 2019”09-14-2022 Globe St Continue Reading (PDF) >>>

““What we found is that the market responded very favorably by renting these homes at record rates,” said Constantine Scurtis, Chief Investment Officer of Lynd Acquisitions Group. “Our ability to adapt at a time of uncertainty while managing risk along the way paid off.”09-14-2022 CityBiz Continue Reading (PDF) >>>

“When we acquired the asset, we saw an opportunity to execute our value-add construction program and increase rents significantly,” said A. David Lynd, CEO of The Lynd Group, a national real estate firm that owns, develops and operates multifamily assets throughout the U.S. “We were able to boost rents nearly 30% over three years and achieve a return on equity of 3.5x.”
09-14-2022 Multifamily Press Continue Reading (PDF) >>>

“Through Mission Springs JV 2019 LLC, Lynd Co. of San Antonio sold the apartments to NS Property Management of Fort Lauderdale, which bought the property through Villas at Ortega LP Lynd bought the apartments in June 2019 for $35.15 million from Invest in America’s Veterans of Ponte Vedra Beach.”09-08-2022 Jacksonville Daily Record Continue Reading (PDF) >>>

“Lynd Living is coming to Miami Worldcenter, one of the largest private development projects in the country. The San Antonio-based developer paid $30 million for a half-acre site on North Miami Avenue, between Northwest Ninth and Northwest 10th streets, according to property records.”Lynd Living Buys Site at Miami Worldcenter – Commercial Observer Continue Reading (PDF) >>>