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LYND acquires apartment communities for $84M in metro Houston

​​​​​​SAN ANTONIO – Locally based LYND has purchased two apartment communities in the Houston area. 

The properties are the 372-unit Paramount at Kingwood at 200 Kellington Dr. N. in Humble and 312-unit Villas of Valley Ranch at 21899 Valley Ranch Crossing Dr. in Porter.

The two apartment communities were purchased for $84 million, roughly $123,000 per unit.

LYND assumed management of the properties in September 2020.

The seller was Sy Li, a private investor. 

Texas logoThe Texas Real Estate Research Center​​​​ has more information like this online for free:

​Source: REBusiness Online​

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