JV Snags 124-Unit MF Community in Columbia
A joint venture between Lexerd Capital Management and LMS Harbison has acquired the Lakes at Harbison, a 124-unit multifamily community in Columbia. The sales price and seller was undisclosed.
Built in 1980, the community has been renamed The Lory of Harbison. Floor plans range in size from 950 to 1,230 square feet. Amenities include a pool, fitness center, basketball court, playground, clubhouse and tennis court. The community is located at 100 Fairforest Rd., approximately 10 miles northwest of downtown Columbia.
“We are excited to partner with LMS Harbison on our first joint venture acquisition,” said Albert Lord III, CEO at Lexerd. “We are very pleased to have closed on this deal, especially given the challenging market environment during the Covid-19 crisis. The Lory of Harbison is a well-maintained, updated property in a highly sought-after section of Columbia, SC.”
For comments, questions or concerns, please contact David Cohen