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.

The company’s acquisition of the asset in Poughkeepsie, N.Y., reflects rising demand in big-city suburbs. Skip to content Property Types Market Rate Luxury Affordable Housing Student Housing ...