Acquisition of 169-unit Apartment Complex in Winston-Salem, North Carolina
July 29, 2022
Legacy Capital Partners invested $13.4045 million in the acquisition of an apartment complex located in Winston-Salem, North Carolina. The total project costs were $29.575 million. The asset was purchased with a $13.805 million fixed rate loan with interest only for the first five years of the seven year term. The total equity requirement was $15.77 million.