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Our News

Acquisition of 166-Unit Apartment Complex in Bradenton, Florida
April 20, 2017

Legacy Capital Partners invested $4.608 million in the acquisition and renovation of a 166-unit apartment complex located in Bradenton, Florida. The total project costs (including funds needed to complete the renovation) were $21.16 million. The asset was purchased with a $15.2 million 10 year loan with interest only for the first five years. The total [...]

Acquisition of Two Apartment Complexes in Decatur, GA
December 20, 2016

Legacy Capital Partners invested $5.08 million in the acquisition and renovation of two garden style apartment complexes located in Decatur, Georgia. The total project costs (including funds needed to complete the renovation and lease-up) were $30.45 million. The assets were purchased with a $24.1 million variable rate loan with interest only for the first three [...]

Acquisition of 648 bed (204-unit) purpose build student housing complex in Salisbury, MD
December 15, 2016

Legacy Capital Partners invested $7.792 million in the acquisition of a 648-bed (204-unit) student housing community serving Salisbury University in Salisbury, Maryland. The total project costs were $43.74 million. The partnership assumed an existing $34.0 million fixed rate loan with one-year of interest only remaining. The total equity requirement was $9.74 million. [...]

Acquisition of 256-Unit Apartment Complex in Louisville, KY
October 7, 2016

Legacy Capital Partners invested $742,126 as a Co-GP in the acquisition and renovation of an apartment complexes located in Louisville, Kentucky. The total project costs (including funds needed to complete the renovation) were $30.62 million. The asset was purchased with a 10 year variable rate loan totaling $18.25 million. The total equity requirement was $12.37 [...]

Acquisition of 354-Unit Apartment Complex in Atlanta, GA
September 30, 2016

Legacy Capital Partners invested $6.9 million in the acquisition and renovation of a 354-unit apartment complex located in Atlanta, Georgia. The total project costs (including funds needed to complete the renovation) were $30.57 million. The asset was purchased with a $21.9 million 10 year loan with interest only for the first four years. The total [...]

Acquisition of 964-Unit Apartment Complex in Houston, TX
May 16, 2016

Legacy Capital Partners invested $5.0 million in the acquisition and renovation of a 964-unit apartment complex located in Houston, Texas. The total project costs (including funds needed to complete the renovation) were $87.01 million. The asset was purchased with a $65.0 million 10 year loan with interest only for the first four years. The total [...]

Acquisition of 400-Unit Apartment Complex in Birmingham, AL
April 14, 2016

Legacy Capital Partners invested $7.73 million in the acquisition and renovation of a 400-unit apartment complex located in Birmingham, Alabama. The total project costs (including funds needed to complete the renovation) were $38.78 million. The asset was purchased with a $27.15 million 4 year loan with interest only for the entire term. The total equity [...]

Acquisition of 446-bed (149-unit) purpose-built student housing complex in Savannah, GA
December 18, 2015

Legacy Capital Partners invested $8.0 million in the acquisition of a 446-bed (149-unit) student housing complex located in Savannah, Georgia serving the Savannah College of Art and Design (SCAD).  The total project costs were $44.2 million.  The asset was purchased with a $31.1 million 10 year loan with interest only for the first 3 years. [...]

Acquisition of Two Apartment Complexes in Lawrence, KS
December 15, 2015

Legacy Capital Partners invested $527,472 as a Co-GP in the acquisition and renovation of two garden style apartment complexes located in Lawrence, Kansas. The total project costs (including funds needed to complete the renovation and lease-up) were $34.96 million. The assets were purchased with two separate 10 year fixed rate loans totaling $24.4 million. The [...]

Apartment Market Sets 9-Year High with 5.2% Rent Growth in 3Q
October 13, 2015

The national apartment market had its strongest summer in nine years and continued its phenomenal 2015, according to early third quarter 2015 numbers compiled from Axiometrics’ apartment market research. Annual effective rent growth was 5.2% in the third quarter, the early numbers show, a 10-basis-point (bps) increase from the 5.0% reported in the second quarter [...]