On August 12, 2020, Lloyd Jones Multifamily Management communities across the country celebrated Apartment Onsite Teams Day. The holiday, created by the National Apartment Association (NAA), was designed to honor the dedication and sacrifice that property management teams have made to keep our communities running smoothly and our residents safe during the unprecedented COVID-19 pandemic.

“The apartment industry does not stop in a crisis,” said Mandy Doucet, EVP/COO of Lloyd Jones Multifamily Management. “Lloyd Jones’ onsite team members have worked tirelessly since the onset of the pandemic to maintain occupancy through virtual leasing efforts, collect rent by working one-on-one with residents struggling with financial difficulties due to COVID-19, and uphold a positive attitude despite these new challenges, all the while keeping residents safe and informed.”

Lloyd Jones was pleased to participate in NAA’s Apartment Onsite Teams Day alongside property management firms across the U.S. The company encouraged property management staff to share photos of their teams on their communities’ social media pages using the campaign’s hashtag, #APTeamsDay.

Lloyd Jones Capital has acquired Seabrook, Texas-based Regatta Bay Apartments. The seller was FRBH Regatta Bay LLC. No financial terms were disclosed. Finlay Management, the operations group at Lloyd Jones Capital, will serve as the property manager.

PRESS RELEASE

MIAMI, Fla. – Lloyd Jones Capital, a Miami-based multifamily investment firm, has purchased the Regatta Bay Apartments from FRBH Regatta Bay, LLC. The property is located at 2555 Repsdorph Road in Seabrook, Texas, 30 minutes southeast of Houston. The acquisition adds 240 units to the Lloyd Jones portfolio of approximately 4,000 units spread over Texas, Florida, and the Southeast.

Says Chris Finlay, chairman/CEO of Lloyd Jones Capital, “This is a well-maintained, core-plus property that we intend to hold for several years. We expect it to provide a steady, long-term cash flow for our investors.”

Built in 2003, the property offers one-, two-, and three-bedroom apartments; garages; and a modern, updated clubhouse. Lloyd Jones Capital will implement a light value-add program to further upgrade the units. Finlay adds, “Our local teams scour Texas and the Southeast for investment properties. They are hard to find in this economy, but we’ve got another good one here.”
According to Finlay, property management will be handled by Finlay Management, the operations group at Lloyd Jones Capital. Finlay Management is an Accredited Management Organization (AMO®) as designated by the Institute of Real Estate Management (IREM®) and has a 30-year history in the industry.

About Lloyd Jones Capital

Lloyd Jones Capital is a private-equity real estate firm that specializes in the multifamily sector. With 37 years of experience in the real estate industry, the firm acquires, improves, and operates multifamily real estate in growth markets throughout Texas, Florida, and the Southeast.
Lloyd Jones Capital provides a fully integrated investment/operations platform. Its property management arm partners with the investment team to provide local expertise in each of its markets.
Headquartered in Miami, the firm has offices throughout Texas, Florida, and the Southeast, plus New York City. The firm’s investors include institutional partners, private investors, and its own principals.

Click here for the original article