Deal Highlight: Lynd Acquires Lakes of Margate

Radix Underwriting would like to congratulate the team at California-based Lynd for finalizing the acquisition of the Lakes of Margate community in Broward County, Florida for approximately $51 million. The 280-unit asset was purchased from a JV between Grand Peaks Properties and the Lightstone Group. Lynd received financing from Wells Fargo. Lakes of Margate last sold in 2011.

Broward County, part of the Miami metropolitan area, has experienced an influx of workers from elsewhere, including traders and bankers swapping Wall Street for beach views. Other recent transactions in the area include the sale of a large portfolio by Amzak Capital Management and the Focus Group to DASMEN Residential. Radix Underwriting delivers a competitive edge to a number of clients in the Florida market, including an office of a large national broker — find out more about their experience here.

About Radix

Radix advances intelligent decision-making across the multifamily ecosystem. We provide transparent, accessible data to every stakeholder—investors, managers, brokers, lenders, and renters—enabling smarter choices that shape how we invest, live, and grow. With Radix Analytics and Radix Underwriting (redIQ), professionals can source, acquire, and manage assets with confidence. Renters benefit from RealRents, which delivers unprecedented pricing transparency and helps them find homes that truly fit their needs. Whatever your role in multifamily, Radix is the trusted source of value determination.