Lexerd’s average vacancy rates are well below current and forecasted national rates. While the average national vacancy rate is 6.1% Lexerd’s rate approaches 4.5% across all properties a testament of effective management of acquired properties.
Lexerd Capital Management LLC announced today that two of its funds have acquired three properties in Augusta, GA. The properties include Parker Place Apartments, Alexander Place Apartments and Arborside Apartments, all garden style multifamily communities with 139, 127 and 180 units respectively. Lexerd renamed the properties “The Lory of Augusta.”
Lexerd Capital Management LLC (“Lexerd”), a New Jersey-based sponsor of private equity funds, today announced that it has acquired Clemson Ridge (“Clemson”), a 120-unit garden style community located in Seneca, South Carolina. The purchase consists of 10 three-story apartment buildings. Clemson is currently managed by First Communities Management, Inc.
Lexerd Capital Management LLC (“Lexerd”), a New Jersey-based sponsor of private equity funds, today announced that it has acquired San Marco Village (“San Marco”), a 106 unit, two-story apartment community located in Jacksonville, Florida.
Lexerd Capital Management LLC (“Lexerd”), a New Jersey-based private equity fund, today announced that it has acquired Foxfire Apartments (“Foxfire”), a 354-unit garden style community located in Durham, North Carolina. Foxfire will by managed by First Communities Management.
Lexerd Capital Management LLC (“Lexerd”), a New Jersey-based private equity fund, today announced that it has acquired Glenwood Townhomes, a 120-unit building complex in West Monroe, Louisiana and has renamed it Shadow Glen. Terms of the transaction were not disclosed.