SAN ANTONIO, TX - Lynd Acquisition Group (LAG) acquired a 327-unit garden-style apartment community in San Antonio for $76.25 million. The property was developed in 2021 by its affiliate Lynd Development Group. Both entities are part of San Antonio-based LYND Group.
“At LYND, we feel that Culebra Commons is the nicest garden deal we have ever developed,” said CEO A.David Lynd. “Selling it to someone else just did not feel right. Hats off to my scrappy acquisitions team.
Javascript is disabled in your web browser.
For full functionality of this site it is necessary to enable JavaScript. Please Allow Javascript and reload this page.
Lynd buys Margate apartments from Grand Peaks for $51M
Buyer plans $4M in improvements Miami /
San Antonio-based multifamily investor Lynd bought a Margate apartment complex for $50.75 million.
Lynd bought the 280-unit Lakes of Margate at 5750 Lakeside Drive from Denver-based Grand Peaks, according to a press release. The sale price equates to $181,250 per unit.
Built in 1987, the garden-style community spans nearly 14 acres, according to property records. It offers one-, two- and three-bedroom units. The property includes a clubhouse, two pools, a gym and a cyber café.