LYNCHBURG, Va., Aug. 19, 2026 (GLOBE NEWSWIRE) -- Lion Real Estate Group (LREG), a vertically integrated real estate investment and management firm, has acquired Timber Ridge, a 168-unit affordable housing community operating under the Low-Income Housing Tax Credit (LIHTC) program, in Lynchburg, Virginia. The almost 181,500-square-foot property on just over 21 acres is close in proximity to major employers, transportation arteries and prominent retailers. This latest acquisition further enhances Lion’s footprint in the Southeast / Sun Belt markets.