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The Lynd Group and Declaration Partners acquired a distressed multifamily asset in San Antonio. Along with Corten Real Estate, they bought a newly constructed 260-unit apartment building for $48 million. The property, Augusta Flats, was purchased from the prior owner’s lender for near-par value, representing a discount from the previous trade in 2021. Benefit Street, a long-time debt partner of Lynd’s, provided a loan for this latest deal which is located at 714 McCullough Ave.