WEST MONROE, LA—Lexerd Capital Management LLC, a Summit, NJ-based private equity fund, announced today that it has acquired a 120-unit building complex here. The community, formerly called Glenwood Townhomes, has been renamed Shadow Glen. Terms of the transaction were not disclosed.
The most recent acquisition by the company in its Lexerd Capital Partners High Yield Fund, prior acquisitions have included other multifamily residential buildings in the southeastern US. Shadow Glen will by managed by San Antonio-based First Choice Management Group.
The purchase consists of 17 buildings—16 two story residential buildings and one leasing facility.
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