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Lynd Purchases Distressed Portfolio for $80 Million

The portfolio contains nine properties totaling 1,785 units.

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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