The Texas-based, privately-held real estate firm, LYND has acquired a 280-unit, garden-style apartment community in Margate, FL for $50.8 million, from the Colorado-based, multifamily owner and operator, Grand Peaks.
The transaction closed on March 17.
LYND was originally set to close on the Margate property in mid-March 2020, however, at that time, the nation began to shutdown due to the COVID-19 pandemic. As a result, LYND's initial equity partner backed out of the deal.
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
