January 18, 2021
PANAMA CITY, FL - Lexerd Capital Management, a New Jersey-based sponsor of private equity funds, announced 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 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,...