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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 renovation strategy includes roof repairs, balcony repairs, clubhouse renovations, and interior unit renovations. [...]

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 exterior renovations and clubhouse renovations are complete and the interior unit renovations are underway. The portfolio is currently 94%+ occupied. [...]

Arbor Station Apartments

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 exterior improvements are complete. The clubhouse renovations and interior unit renovations are underway. The portfolio is currently 94%+ occupied. [...]

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. [...]

Deerfield Glen

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 [...]