Joint venture involving SA-based Lynd Co. buys student housing complex in Beaumont

WINLYND LLC — a joint venture between local Lynd Opportunity Partners, an investment fund formed by executives of The Lynd Co., and Chicago-based Windy City RE — has bought a 384-bed, 96-unit student housing community in Beaumont, near Lamar University. The property was bought at a foreclosure auction, where WINLYND acquired its distressed bank note, subsequently taking over ownership of the community. Called Village at Lamar, the community was built in 2006 and features five, three-story buildings…

from Real Estate Top Stories on DNAinfo - Wednesday, April 4, 2018 | 4:04pm & Residential Real Estate News - Residential Real Estate News Headlines | Bizjournals.com https://ift.tt/2uJ5ms9
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