Lexerd Capital Management LLC Sponsored Fund Acquires Spring Valley Club Apartments in Panama City, FL and Avenue 29 Apartments in Tallahassee, FL
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SUMMIT, N.J., Jan. 7, 2021 /PRNewswire/ Lexerd Capital Management LLC ( Lexerd ), a New Jersey-based sponsor of private equity funds, announced today that one of its funds has acquired Spring Valley Club Apartments in Panama City, FL and Avenue 29 Apartments in Tallahassee, FL, each a multifamily property in their respective locations.
Spring Valley Club Apartments
Avenue 29 Apartments
Spring Valley Club consists of twenty (20) three-story multifamily apartment buildings and one (1) community building, totaling 160 individual units. The existing amenity package of the property consists of a fitness center, private pool with sundeck and grilling area, clubhouse with business center, dog park, and a fire pit gathering area.