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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.  The total equity requirement was $13.1 million.

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