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Acquisition of 522-Unit Apartment Complex in Ocoee, FL
July 31, 2013

Legacy Capital Partners invested $5.0 million in the acquisition and renovation of a 522-unit garden style apartment complex located Ocoee, Florida (approximately 10 miles west of downtown Orlando). The total project costs (including funds needed to complete the renovation and lease-up) were $38.66 million. The asset was purchased with a $26.1 million fixed rate loan with a term of 7 years. The total equity requirement was $12.56

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