Acquisition of 352-unit Apartment Complex in San Antonio, Texas
November 18, 2021
Legacy Capital Partners invested $11.55 million in the acquisition and renovation of an apartment complex located in San Antonio, Texas. The total project costs (including funds needed to complete the renovation) were $61.854 million. The asset was purchased with a $45.154 million variable rate loan with interest only for the initial three-year term. The total equity requirement was $16.7 million.