The Lynd Group has been expanding its footprint in distressed situations in multifamily despite the challenges within the industry.
David Lynd, chief executive officer of the real estate developer and manager, told GlobeSt that distress in multifamily is in a turbulent place right now. He cited a recent meeting he had with an unidentified larger institution, which feared the sector was heading for "real estate armageddon."
David Lynd noted that the erosion of expenses, combined with high interest rates, has been troublesome.
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