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Acquisition of 252-Unit Apartment Complex in Lebanon, NH
July 9, 2014

Legacy Capital Partners invested $5.2 million in the acquisition and renovation of a 252-unit garden style apartment complex located in Lebanon, New Hampshire.  The total project costs (including funds needed to complete the renovation and lease-up) were $41.94 million.  The asset was purchased with a $33 million fixed rate loan with a term of 10 years.  The total equity requirement was $8.94 million.

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