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Acquisition of 424-Unit Apartment Complex in Miami, Florida
May 31, 2017

Legacy Capital Partners invested $9.3 million in the acquisition and renovation of a 424-unit apartment complex located in Miami, Florida. The total project costs (including funds needed to complete the renovation) were $69.48 million. The asset was purchased with a $46.88 million 10 year loan with interest only for the first seven years. The total equity requirement was $22.6 million.

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