Acquisition of 280-Unit Apartment Complex in Mobile, AL
September 22, 2015
Legacy Capital Partners invested $3.475 million in the acquisition and renovation of a 280-unit apartment complex located in Mobile, Alabama. The total project costs (including funds needed to complete the renovation) were $18.52 million. The asset was purchased with a $13.13 million 10 year loan with interest only for the first 5 years. The total [...]
Acquisition of 235-Unit Apartment Complex in Newnan, GA
September 3, 2015
Legacy Capital Partners invested $7.16 million in the acquisition and renovation of a 235-unit apartment complex located in Newnan, Georgia. The total project costs (including funds needed to complete the renovation) were $27.55 million. The asset was purchased with a $18.6 million 10 year loan with a fixed rate for the first 7 years. The [...]
Acquisition of 345-Unit Apartment Complex in Durham, NC
April 29, 2015
Legacy Capital Partners invested $7.748 million in the acquisition and renovation of a 345-unit apartment complex located in Durham, North Carolina. The total project costs (including funds needed to complete the renovation and lease-up) were $32.765 million. The asset was purchased with a $23.08 million fixed rate loan with a term of 10 years. The total [...]
Acquisition of 224-Unit Apartment Complex in Macon, GA
December 8, 2014
Legacy Capital Partners invested $4.45 million in the acquisition and renovation of a 224-unit garden style apartment complex located in Macon, Georgia. The total project costs (including funds needed to complete the renovation and lease-up) were $22.21 million. The asset was purchased with a $15.86 million fixed rate loan with a term of 10 years. [...]
Apartment Market Up In 3rd Quarter
October 8, 2014
The nation’s apartment market continued to gain strength in the third quarter of 2014, according to early release figures from Axiometrics. Annual rent growth reached 4.0% for the first time in almost two years, while quarterly effective rent growth increased significantly over the third quarter of 2013. Occupancy also increased, to 95.1%, breaking the record [...]
Acquisition of 252-Unit Apartment Complex in Lebanon, NH
July 9, 2014
Legacy Capital Partners invested $5.2 million in the acquisition and renovation of a 252-unit garden style apartment complex located in Lebanon, New Hampshire. The total project costs (including funds needed to complete the renovation and lease-up) were $41.94 million. The asset was purchased with a $33 million fixed rate loan with a term of 10 [...]
Millionaires See Real Estate as Top Investment for 2014
February 6, 2014
U.S. millionaires see real estate as the top alternative-asset class to own this year, according to Morgan Stanley. (MS) About 77 percent of investors with at least $1 million in assets own real estate, according to a survey released today by the New York-based investment bank’s wealth-management unit. Direct ownership of residential and commercial properties was [...]
Legacy Capital Partners’ new 50Fund®
September 25, 2013
Legacy Capital Partners’ new 50Fund® Investing approach opens up secondary markets and stronger returns for investors NEW YORK, NY – September 25, 2013 – As the major coastal and gateway cities, those markets that traditionally attract institutional real estate capital, become over-heated and increasingly expensive, investors are looking for ways to access deals in secondary [...]
Acquisition of 522-Unit Apartment Complex in Ocoee, FL
July 31, 2013
Legacy Capital Partners invested $5.0 million in the acquisition and renovation of a 522-unit garden style apartment complex located Ocoee, Florida (approximately 10 miles west of downtown Orlando). The total project costs (including funds needed to complete the renovation and lease-up) were $38.66 million. The asset was purchased with a $26.1 million fixed rate loan [...]
Acquisition of 180-Unit Apartment Complex in Norcross, GA
March 28, 2013
Legacy Capital Partners invested $3.0 million in the acquisition and renovation of a 180-unit garden style apartment complex located Norcross, Gwinnett County, Georgia. The total project costs (including funds needed to complete the renovation and lease-up) were $12.36 million. The asset was purchased with a $8.6 million fixed rate loan with a term of 10 [...]