Acquisition of a 250-unit Apartment Complex in Decatur, Georgia
November 28, 2018
Legacy Capital Partners invested $6.0 million in the acquisition and renovation of an apartment complex located in Decatur, Georgia. The total project costs (including funds needed to complete the renovation) were $34.32 million. The asset was purchased with a $26.02 million variable rate loan with interest only for the first three years of the term. The total equity requirement was $8.3 million.