Lexerd Capital Management LLC ("Lexerd"), a New Jersey-based sponsor of private equity funds, announced today that its sponsored fund has acquired The Presidio in Bryan, in TX, a premier 299-unit Multifamily property.
The multi-family market is better positioned to prosper and grow relative to the single-family rentals market for the next decade.
Al Lord, Founder and CEO of Lexerd Capital Management on CBS 2 NY - Highlight
It’s not easy to judge the potential growth of single-market rentals because there’s no central clearinghouse collecting these statistics.
Al Lord, Founder and CEO of Lexerd Capital Management on 13 ABC KTNV Las Vegas - Highlight
From 2000 to 2020, the population-adjusted stock of multi-family units has remained steady at 114 units per 1,000 people.