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Lexerd Capital Management Fund Acquires Multifamily Property in Triangle Area of North Carolina
Monday 13 January 2020

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.
Terms of the transaction were not disclosed.
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.
Lexerd Capital Management LLC is a private equity firm that primarily invests in opportunistic middle market multi-family real estate investments throughout the United States.
Date Published: 13/01/2020
Target: Ashford Lakes
Country: USA
Sector: Construction/Real Estate
Type: LBO
Status: Closed
Buyer: Lexerd Capital Management funds
Terms of the deal were not disclosed