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Acquisition of 218-unit Apartment Complex in Covington, Louisiana
December 17, 2021

Legacy Capital Partners invested $12.6 million in the acquisition of an apartment complex located in Covington, Louisiana. The total project costs were $48.5 million. The asset was purchased with a $34.5 million variable rate loan with interest only for the five year term. The total equity requirement was $14.0 million.

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