Press releases & articles - October 2022

Lexington Property Group Buys in New York
Multi-Housing News

Lexington Property Group has purchased a multifamily community, Grand Pointe Park, for $31 million. The 156-unit property, located in Poughkeepsie, N.Y., was sold by Avanath Capital Management.

This Week’s N.Y. Deal Sheet
Bisnow

Avanath Capital Management has sold a 25-year-old multifamily community in Poughkeepsie to real estate investment trust Lexington Property Group for $31M, according to a release.

Poughkeepsie’s Grand Pointe Park sells for $31M
Westchester & Fairfield County Business Journals

Grand Pointe Park, a 156-unit multifamily community in Poughkeepsie, has been sold for $31 million. The development was built in 1997 as a two-story, garden-style, wood-frame residential community featuring a clubhouse with an outdoor pool, fitness studio, resident lounge and coffee bar, playground and dog park. Unit finishes were last updated between 2013 and 2016.

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