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Acquisition of 345-Unit Apartment Complex in Durham, NC
April 29, 2015

Legacy Capital Partners invested $7.748 million in the acquisition and renovation of a 345-unit apartment complex located in Durham, North Carolina.  The total project costs (including funds needed to complete the renovation and lease-up) were $32.765 million.  The asset was purchased with a $23.08 million fixed rate loan with a term of 10 years.  The total equity requirement was $9.685 million.

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