Lyon Living Buys Sunrise Multifamily Complex For M

Lyon Living CEO Frank Suryan Jr. and 4108 Pine Island Road in Sunrise (Lyon Living, Courtyards at Sunrise) A garden-style rental community in Sunri...

September 15, 2022
10:50 AM

Lyon Living CEO Frank Suryan Jr. and 4108 Pine Island Road in Sunrise (Lyon Living, Courtyards at Sunrise) A garden-style rental community in Sunrise traded for $13 million above its previous sale price three years ago. An affiliate of Lyon Living, a Newport Beach, California-based multifamily real estate investment firm, paid $33.1 million for Courtyards at Sunrise, a 128-unit apartment complex at 4108 Pine Island Road, records show. The buyer obtained a $28 million loan from Comerica Bank. The deal breaks down to about $260,000 per apartment.

Kevin Rebong