Modern Home Builder - Winter 2016 - Volume 2 - 126
" Outsized rents are what create outsized returns." DANIEL ZUNKER,
PRESIDENT OF DEVELOPMENT
LYND Development opened the Bowie, a 36-story, 358-unit luxury multifamily apartment building in Austin, this past May.
LYND Development lets quality
dictate quantity. BY RUSS GAGER
www.lyndworld.com / Headquarters: San Antonio, Texas /
Employees: 11 in development company /
Specialty: Multifamily, commercial and hospitality
www.mhb-magazine.com Winter 2016 Volume 2
LYND Development does not seek out challenges, but when
its executives see a prime location that has not been snapped up
by other developers for whatever reason - and there are always
reasons - LYND can create such an attractive property that it commands better than top dollar in the rental market.
"We really consider ourselves value creators," President of Development Daniel Zunker says. "Our goal as a company is to deliver the highest risk-adjusted returns per dollar of invested capital
for us and our capital partners.That's our mission, and we go about
doing that by building great residential buildings. We believe that
residents value quality and will pay a premium for the best living
environments, service and experience when situated in the best locations. When this is executed to perfection, the result is enhanced
value creation for LYND and our partners."
Hiring great people and choosing unique sites are essential to
LYND's strategy. "The market will only carry you so far," Zunker
emphasizes. "Every site has a range of relative value. There are al-