Miami, FL and San Antonio, TX— Lynd, a national real estate firm co-located in Miami, FL and San Antonio, Texas, has created a student housing division to serve a market that is experiencing rising enrollment in many parts of the country.
The division, called Lynd Student Living, was launched with an aggregate purchase this year of 18 properties for $100 million in cash.
“This business has excellent fundamentals behind it because having a college education is a must to compete in today’s world,” said company president and chief operating officer A. David Lynd (top right photo).
“We got involved in student housing because we saw tremendous opportunities coming due to the leverage levels of many assets.” David Lynd also said the company is actively seeking other student housing properties to add to the portfolio.
Lynd, which is one of the country’s largest multi-family managers, now has 3,718 living units with 7,900 beds in its student housing division. The properties purchased so far are spread across 15 colleges and universities in seven states.
They are:
Florida: Florida Agricultural and Mechanical University, Florida State University (middle right photo), and Tallahassee Community College Kentucky: - Murray State University
- Louisiana: Louisiana Tech University and Grambling State University
- Missouri: University of Central Missouri
- North Carolina: North Carolina Agricultural and Technical State University and University of North Carolina at Greensboro
- South Carolina: University of South Carolina Upstate and Wofford College
- Texas: North Central Texas Junior College, Texas Women’s University, University of North Texas, and University of Texas at San Antonio (lower left photo)
In Tallahassee, Fla., Lynd Student Living hosted two massive summer parties to announce its arrival in the market. More than 3,000 people attended each event, where the division showcased a remodeled property that had a new game room with Wii station and pool tables and an updated weight room with flat-screen TVs and new equipment.
“This gave them a small peek at what it means to live at a Lynd community,” said Jeffrey Weissman (middle left photo), senior vice president of Lynd Student Housing. “Our brand will be known for quality student housing that is always on the cutting edge of amenities and social activities.”
For more information on Lynd Student Living log on to http://www.lyndstudentliving.com/.
Media Contact:
Todd Templin, Boardroom Communications
954-370-8999 or 954-290-0810
Lynd Contact:
A. David Lynd, President/Chief Operating Officer
210-364-3964, alynd@lyndworld.com
Jeffrey Weissman, Sr. VP Lynd Student Living, 210-798-8131, jweissman@lyndworld.com
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