Acquisition of 264-Unit Apartment Complex in Tampa, FL
November 10, 2010

Legacy Capital Partners invested $3 million in the acquisition and renovation of a 264-unit garden-style apartment complex in the Carrollwood sub-market of Tampa, Florida. The total project costs (including funds needed to complete the renovation and lease-up) were $15.58 million. The asset was purchased with the assumption of two existing interest-only loans totaling $9.08 million, [...]

Acquisition of Three-Property Portfolio in Arlington, TX
May 28, 2010

Legacy Capital Partners invested $3.25 million in the acquisition and renovation of a 550-unit, three-property portfolio in Arlington, Texas. The portfolio consists of Heritage Fields, 240 units; Ridgewood Preserve, 184 units; and Manchester Park, 126 units. The total project cost (including funds needed to complete the renovation and lease-up) was $18.7 million. The portfolio was [...]

David St. Pierre On Changing Investment Strategies
May 11, 2010

in From The Orb > Person Of The Week BY JESSICA LILLIAN ON TUESDAY 11 MAY 2010 PERSON OF THE WEEK: This week, MortgageOrb spoke with David St. Pierre, president of private-equity firm Legacy Capital Partners. The Lyndhurst, Ohio-based company has changed its focus over the last couple of years, from investing in commercial real [...]

Acquisition and Renovation of 198-Unit Waterfront Multi-Family Project
February 11, 2010

Legacy Capital Partners invested $2.15 million in the acquisition and renovation of a 198-unit waterfront multi-family project in South Pasadena, FL (west of St. Petersburg). The total project cost (including funds needed to complete the renovation and lease-up) was $16.5 million. The acquisition was financed with a three-year interest-only bridge loan in the amount of [...]

$3.3 Million Acquisition/Renovation: 438-Unit Multi-Family Complex in Florida

Legacy Capital Partners invested $3.3 million in the acquisition, renovation and repositioning of a 438-unit multi-family complex in the Northdale/ Carrollwood submarket (northwest suburb) of Tampa, FL. The total project cost (including funds needed for the renovation) was $26.85 million. The acquisition was financed with a Fannie Mae loan in the amount of $19.25 million. [...]

Acquisition, Renovation and Repositioning of 989-Unit Multi-Family Complex
October 27, 2009

Legacy Capital Partners invested $5.62 million in the acquisition, renovation and repositioning of a 989-unit multi-family complex in Stone Mountain, GA, a northeast suburb of Atlanta. The total project cost (including funds needed for the renovation) was $47.782 million. The acquisition was financed with a tax-exempt bond in the amount of $32.675 million and a [...]