Lynd acquires multi-family portfolio

Miami-based Lynd has partnered with Florida Value Partners to acquire a portfolio of 11 multi-family properties, the national real estate firm announced today. The court-appointed receivership sale was brokered by CBRE. The 3,241-unit portfolio includes properties in seven states including Florida. “This pretty much followed the model of similar transactions we’ve made over the last couple of years,” said David Lynd, President and COO. The company plans to perform a “substantial” renovation on the properties and then hold them. — Alexander Britell