+
Our News

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. [...]

Acquisition of 256-Unit Apartment Complex in Louisville, KY
October 7, 2016

Legacy Capital Partners invested $742,126 as a Co-GP in the acquisition and renovation of an apartment complexes located in Louisville, Kentucky. The total project costs (including funds needed to complete the renovation) were $30.62 million. The asset was purchased with a 10 year variable rate loan totaling $18.25 million. The total equity requirement was $12.37 [...]

Acquisition of 354-Unit Apartment Complex in Atlanta, GA
September 30, 2016

Legacy Capital Partners invested $6.9 million in the acquisition and renovation of a 354-unit apartment complex located in Atlanta, Georgia. The total project costs (including funds needed to complete the renovation) were $30.57 million. The asset was purchased with a $21.9 million 10 year loan with interest only for the first four years. The total [...]

Acquisition of 964-Unit Apartment Complex in Houston, TX
May 16, 2016

Legacy Capital Partners invested $5.0 million in the acquisition and renovation of a 964-unit apartment complex located in Houston, Texas. The total project costs (including funds needed to complete the renovation) were $87.01 million. The asset was purchased with a $65.0 million 10 year loan with interest only for the first four years. The total [...]