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Our News

Acquisition of 500-Unit Apartment Complex in Durham, North Carolina
March 15, 2018

Legacy Capital Partners invested $8.4 million in the acquisition and renovation of a 500-unit apartment complex located in Durham, North Carolina. The total project costs (including funds needed to complete the renovation) were $45.5 million. The asset was purchased with a $35.0 million 5-year interest only bridge loan. The total equity requirement was $10.5 million. [...]

Acquisition of Four Property Apartment Portfolio in New Orleans, Louisiana
February 7, 2018

Legacy Capital Partners invested $7.08 million in the acquisition and renovation of four garden style apartment communities located in Metairie, New Orleans, Louisiana. The total project costs (including funds needed to complete the renovation and lease-up) were $41.3 million. The assets were purchased with a $32.25 million variable rate loan with interest only for the [...]

Acquisition of 92-Unit Townhome Complex in Cranberry, Pennsylvania
December 29, 2017

Legacy Capital Partners invested $1.8 million in the acquisition and renovation of a 92-unit townhome tax-credit community located in Cranberry, Pennsylvania. The total project costs (including funds needed to renovate the project) were $8.2 million. The asset was purchased with a $5.8 million 7 year loan with interest only for the entire seven-year term. The [...]

Acquisition of 168-Unit Apartment Complex in Little River (N. Myrtle Beach), South Carolina
August 1, 2017

Legacy Capital Partners invested $3.55 million in the acquisition and renovation of a 168-unit apartment complex located in Little River (N. Myrtle Beach), South Carolina. The total project costs (including funds needed to complete the renovation) were $17.24 million. The asset was purchased with a $12.8 million 12 year loan with interest only for the [...]

Sale of 117-Unit Senior Housing Complex in Boulder, CO
June 15, 2017

Legacy Capital Partners made its initial investment on May 25, 2007 and had invested $7.16 million in the acquisition and renovation of an existing 9-story tower adjacent to the University of Colorado in Boulder, Colorado. The project was sold in June 2017 and Legacy’s investment realized a 9.97% IRR and a 2.35x equity multiple. [...]

Sale of 250-Unit Apartment Complex in Atlanta, GA
June 8, 2017

On July 30, 2012 Legacy Capital Partners invested $3.3 million in the acquisition and renovation of a 250-unit garden style apartment complex located in the Clayton/Henry submarket of Atlanta, Georgia. The project was sold in June 2017 and Legacy’s investment realized a 23.5% IRR and a 2.49x equity multiple. [...]

Acquisition of 424-Unit Apartment Complex in Miami, Florida
May 31, 2017

Legacy Capital Partners invested $9.3 million in the acquisition and renovation of a 424-unit apartment complex located in Miami, Florida. The total project costs (including funds needed to complete the renovation) were $69.48 million. The asset was purchased with a $46.88 million 10 year loan with interest only for the first seven years. The total [...]

Acquisition of 166-Unit Apartment Complex in Bradenton, Florida
April 20, 2017

Legacy Capital Partners invested $4.608 million in the acquisition and renovation of a 166-unit apartment complex located in Bradenton, Florida. The total project costs (including funds needed to complete the renovation) were $21.16 million. The asset was purchased with a $15.2 million 10 year loan with interest only for the first five years. The total [...]

Acquisition of Two Apartment Complexes in Decatur, GA
December 20, 2016

Legacy Capital Partners invested $5.08 million in the acquisition and renovation of two garden style apartment complexes located in Decatur, Georgia. The total project costs (including funds needed to complete the renovation and lease-up) were $30.45 million. The assets were purchased with a $24.1 million variable rate loan with interest only for the first three [...]

Acquisition of 648 bed (204-unit) purpose build student housing complex in Salisbury, MD
December 15, 2016

Legacy Capital Partners invested $7.792 million in the acquisition of a 648-bed (204-unit) student housing community serving Salisbury University in Salisbury, Maryland. The total project costs were $43.74 million. The partnership assumed an existing $34.0 million fixed rate loan with one-year of interest only remaining. The total equity requirement was $9.74 million. [...]