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Circle at Point Park
May 16, 2016

Multifamily for rent 964-unit market rate apartment complex Acquisition and repositioning of an existing complex in Houston, TX Investment closed in May 2016. All planned renovations are complete (common areas, amenities, landscaping and unit interiors). The project is currently 92%+ occupied. [...]

Ridgewood Preserve
June 20, 2013

Multifamily for rent 184-unit market rate apartment complex. Acquisition and re-positioning of a three-property (550-unit) portfolio in Arlington, TX Investment closed in May 2010. The portfolio was acquired out of foreclosure. The portfolio was sold in August 2012 to a REIT and Legacy received OP Units. Legacy’s investment in the portfolio realized a 38.4% IRR [...]

Manchester Park

Multifamily for rent 126-unit market rate apartment complex. Acquisition and re-positioning of a three-property (550-unit) portfolio in Arlington, TX Investment closed in May 2010. The portfolio was acquired out of foreclosure. The portfolio was sold in August 2012 to a REIT and Legacy received OP Units. Legacy’s investment in the portfolio realized a 38.4% IRR [...]

Heritage Fields

Multifamily for rent 240-unit market rate apartment complex. Acquisition and re-positioning of a three-property (550-unit) portfolio in Arlington, TX Investment closed in May 2010. The portfolio was acquired out of foreclosure. The portfolio was sold in August 2012 to a REIT and Legacy received OP Units. Legacy’s investment in the portfolio realized a 38.4% IRR [...]

Cabana Beach

Multifamily for rent 276-unit (744-bed) student housing apartment complex Ground-up development at Texas State University Investment closed in July 2005. The project sold as a part of a multi-property portfolio in November 2007, and Legacy’s investment realize an 11.3% IRR and a 1.3x equity multiple. [...]