News
Owners need to protect themselves as interest rates rise, executive says
"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. It's the value of the dollar going...
Lynd Group Acquires Esperanza Apartments in San Antonio for $49M
Locally based development and investment firm The Lynd Group has acquired Esperanza Apartments, a 244-unit garden-style community in San Antonio, for $49 million. Continue Reading (PDF) >>>
The Lynd Group Sells Texas Multifamily Community 9 Months After Acquisition
Nine months after acquiring a multifamily community in suburban Houston for $44.55 million, The Lynd Group has sold the property to a real estate investment firm for $61.38 million. Continue Reading (PDF) >>>
The Lynd Group Sells Houston Area Apartment Community for $61.38 Million
“It’s nice when you take risk and are rewarded for it,” said A. David Lynd, CEO of The Lynd Group. “At the time we put Paramount under contract the outlook in energy and Houston was bleak. However, we have been to this movie before and know that Houston is much more...
Buy, Improve, Repeat: Value-Add Activity Reaches a Fever Pitch
Late last year, San Antonio-based Lynd Living flipped an apartment building in just eight months for $15.5 million more than it paid. After spending $4 million on renovations and upgrades at Aqua Villa, a 280-unit garden-style community in Margate, Florida, that it...
Texas developer plans big rental home project in Oswego
“It gives people that stepping stone from an apartment to a home without buying one,” said Adam David Lynd, president and CEO of Lynd Living Lynd Rental Home Project in Oswego Continue Reading (PDF) >>>
Spotlight On A. David Lynd, President & CEO, Lynd Living
David Lynd, CEO of LYND, said in a statement. “If it was not evident before, and people did not really take it seriously, there were people shouting from the rooftops that the United States has a housing affordability crisis." Continue Reading (PDF) >>>
Madison Realty Capital Originates $53M Loan for Texas Multifamily Property – Commercial Observer
David Lynd, CEO of LYND, said in a statement. “We needed a lender that could move quickly and adjust to a fast-paced development environment. Madison stepped up and worked with us to get this deal done and we are extremely pleased with Continue Reading (PDF)...
How higher rents, rising values will drive multifamily construction in 2022
David Lynd, CEO of LYND LIVING "Costs are through the roof — everything from flooring to roofing to shingles to glass," Lynd said. "The supply chain shortage is really hurting everybody. Continue Reading (PDF) >>>
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