Springs at Braden River is a 270-unit garden-style community in Bradenton, Fla. The company acquired it for $38.7 million. : One of the funds of Lexerd Capital Management, a New Jersey-based sponsor of private equity funds, has acquired Springs at Braden River from Wisconsin-based Continental Properties for $38.7 million. The property is a 270-unit garden-style multifamily community in Bradenton, Fla., which Lexerd has renamed The Lory of Braden River. The property consists of 15 residential buildings and one leasing office/amenity building on about 41 acres.