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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 investment strategy includes exterior renovations (deferred maintenance, roof repairs, painting and landscaping) as well as renovations to the interior units. 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 and interior unit renovations are underway. The project is currently 96% 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 exterior renovations and clubhouse renovations are complete and the interior unit renovations are underway. The portfolio is currently 92%+ 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 and clubhouse renovations are complete. The interior unit renovations are underway. The portfolio is currently 92%+ 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 [...]