News
Topaz Village in Ortega sells for $66 million
“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...
Lynd Living Buys Site at Miami Worldcenter
“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...
Apartment developers are flocking to the suburbs
“When they get there [to the suburbs], there’s not a lot of new housing stock to handle them,” said Adam David Lynd, president and CEO of The Lynd Group, a Shavano Park, Texas-based apartment developer, owner and manager. “They’re used to a city where they have...
The Lynd Group Sells Houston-Area Property After Short Hold Period
“Lynd is very proud of our execution on this transaction with our institutional partner,” said A. David Lynd, Lynd Group CEO. “We were able to buy this asset, establish excellent upside potential in our value-add program and consummate a successful sale. This yielded...
Lynd Group Sells Houston-Area Apartment Community for $53.9M
San Antonio-based development and investment firm Lynd Group has sold Villas at Valley Ranch, a 312-unit apartment community located in the northeastern Houston suburb of Porter, for $53.9 million. Continue Reading (PDF) >>>
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...
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