Archives
Timber Ridge Apartments
April 14, 2021
Multifamily for rent 320-unit market rate apartment complex. Acquisition and re-positioning of a market rate apartment complex in Mobile, AL. Investment closed in April 2021. The roof repairs, exterior painting, and interior unit renovations are complete. The asset is currently 90% occupied. [...]
Inverness Apartments
October 15, 2020
Multifamily for rent 208-unit market rate apartment complex. Acquisition and re-positioning of a market rate apartment complex in Tuscaloosa, AL. Investment closed in October 2020. The roof repairs, leasing center, balcony repairs, and interior unit renovations are complete. The project is currently 95%+ occupied. [...]
Stratford Village Apartments
May 24, 2019
Multifamily for rent 224-unit market rate apartment complex Acquisition and repositioning of a two asset portfolio (512-unit) located in Montgomery, AL Investment closed in May 2019. The portfolio sold in October 2021. Legacy’s investment realized a 25.49% IRR and a 1.67x multiple. [...]
Multifamily for rent 288-unit market rate apartment complex Acquisition and repositioning of a two asset portfolio (512-unit) located in Montgomery, AL Investment closed in May 2019. The portfolio sold in October 2021. Legacy’s investment realized a 25.49% IRR and a 1.67x multiple. [...]
Trails at Cahaba River
April 14, 2016
Multifamily for rent 400-unit market rate apartment complex Acquisition and repositioning of an existing complex in Birmingham AL Investment closed in April 2016. The asset sold in January 2020. Legacy’s investment realized a 14.84% IRR and a 1.65x multiple. [...]
Park West Apartments
March 1, 2016
Multifamily for rent 280-unit market rate apartment complex Acquisition and repositioning of an existing complex in Mobile, AL Investment closed in September 2015. The asset sold in March 2020. Legacy’s investment realized a 6.53% IRR and a 1.25x multiple. [...]
Magnolia Glen
June 20, 2013
Multifamily for rent 1,080-unit market rate apartment complex. Acquisition and re-positioning of an existing complex in Hoover, AL The project was sold in August 2012 to a REIT and Legacy received OP Units. Legacy’s investment realized a 70.2% IRR and a 2.18x equity multiple. [...]
Multifamily for rent 320-unit market rate apartment complex Acquisition and renovation of a 320-unit garden style apartment complex located in Hoover, AL Investment closed in June 2012. The project was acquired with attractive terms. The project was sold in November 2013 to a REIT and Legacy received OP Units. The OP Units were liquidated in [...]