The Lynd Company (www.lyndworld.com) was founded in 1980 by Michael Lynd, Sr. Upon joining the company in 1995 and 1997 respectively, Michael J. Lynd Jr. and Adam David Lynd proceeded to grow the company from 1,100 units under management to the current portfolio of approximately 35,000 multi-family units across 16 states in 50 different metropolitan areas, and 12 million square feet of commercial space in various markets.

Since 2003, Lynd has acquired and/or developed over $1,000,000,000 of multifamily transactions across 13,000 units. The bulk of these investments have been acquired with capital from three discretionary funds combined with co-investment capital from joint venture partners. To date, LRP has harvested investments totaling $259,300,000 in total value and realized gains of over $55,631,000 on those dispositions while also delivering stable, consistent, quarterly cash flow distributions to its investors. In addition to Lynd’s fee simple ownership of multi-family and commercial office assets, it has recently performed on the acquisition of two real estate note portfolios valued at $124.5 million. This performance gives Lynd specific capabilities and credibility as a key player for note acquisitions.

Lynd has created an outstanding management platform with proven results in the multi-family and commercial spaces, and its deep experience in property operations, accounting, cost control and IT infrastructure provides a natural “plug-in” for a hospitality management program. This platform allowed Lynd to attract two hospitality professionals in Brandon Raney and Clyde Johnson to join the team.

Prior to 2011, Brandon Raney and Clyde Johnson worked with Presidian Companies where they were responsible for all aspects of hospitality investments completed and managed by the company. During their tenure at Presidian they completed development, acquisition and disposition transactions totaling more than $450,000,000, while helping grow the company from a one hotel firm to 14 owned and managed hotels. Between 2006 and 2008, during the peak of the last real estate cycle, seven hotels were sold with an average investor equity multiple of 2.25 and a mid-20% IRR for its investors.

Raney and Johnson have more than a decade of experience in the hospitality management, acquisition and development business, where they have developed outstanding capabilities relating to managing, buying and selling properties, syndicating single and multiple asset partnerships for both acquisition and development of hotel assets, negotiating with lenders and equity investors, contract negotiation, and managing operations, development, accounting and support staff. They also have close relationships with the major hotel brands having developed, acquired and operated Marriott, Starwood, Intercontinental Hotels Group and Hilton products. BC LYND has already assembled an all-star team of seasoned hospitality operations professionals who are “on call” and ready to join this venture.

With Lynd’s existing platforms and Raney/Johnson’s background, knowledge and contacts within the hospitality space, BC LYND has a full scope capability for managing hotel assets for its own account and on behalf of its partners.