Lynd Purchases Distressed Portfolio for $80 Million

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Last Updated ( 11/30/1999 00:00 )

DATE_FORMAT_LC2=Wednesday,June 01 2011 03:31:30 PM

Lynd Purchases Distressed Portfolio for $80 Million

Osceola Ridge Apartments in Tallahassee, Fla.,

was included in the portfolio

Tallahassee, Fla. — San Antonio-based Lynd has purchased an $80 million portfolio of distressed student housing properties in Tallahassee from Florida-based LNR Property for an undisclosed price. The portfolio contains nine student apartment buildings, seven of which are distressed notes and two of which are bank-owned properties, totaling 1,785 units and 1.75 million square feet. The properties were listed and marketed by Holliday Fenoglio Fowler's New York office.

— Savannah Duncan

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