Lexerd Capital Management LLC (“Lexerd”), a New Jersey-based sponsor of private equity funds, announced today that one of its funds has acquired Center West Villas (“Center West”), a multifamily property in Augusta, GA. The property, renamed “Pinewood at National Hills” consists of 20 two-story buildings, totaling 160 individual units.
The supply of new construction has experienced moderate decline in the past 3 years as measured by the new construction permits . Favorable employment and wage trends will yield to improved vacancy rates.
In aggregate, the multifamily real estate industry is in a good position compared to others and many analysts believe that its growth potential exhibits characteristics of a ‘late-cycle prolonged’ growth
Lexerd Capital Management LLC (“Lexerd”), a New Jersey-based sponsor of private equity funds, today announced that one of its funds has acquired Lakeshore Pointe, a 102 patio-style unit apartment complex in the city of Warner Robins, Georgia. Terms of the transaction were not disclosed.