Deal Snapshot
LEXERD CAPITAL MANAGEMENT FUND ACQUIRES MULTIFAMILY PROPERTY IN TRIANGLE AREA OF NORTH CAROLINA
Monday 13 January 2020

A fund of New Jersey based private equity funds sponsor Lexerd Capital Management LLC has acquired 166-apartment multifamily property Ashford Lakes, located in Hillsborough, North Carolina to be renamed The Lory of Hillsborough, the company said.
This is the first acquisition by Lexerd in its new Lexerd Capital Partners High Yield Fund III. This is the second acquisition for Lexerd in The Triangle area of North Carolina's Raleigh, Durham and Chapel Hill.


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Details
Date Published: 13/01/2020
Target: Ashford Lakes
Country: USA
Sector: Construction/Real Estate
Type: LBO
Financing:
Status: Closed
Vendor:
Buyer: Lexerd Capital Management funds
Comment:
Terms of the deal were not disclosed

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