Acquisition of Two Apartment Complexes in Orange Park, FL
February 28, 2013
Legacy Capital Partners invested $7.1 million in the acquisition and renovation of two garden style apartment complexes located in Orange Park, Florida. The total project costs (including funds needed to complete the renovation and lease-up) were $52.3 million. The assets were purchased with $35.625 million fixed rate loans with 10 year terms. The total equity [...]
Acquisition of 250-Unit Apartment Complex in Atlanta, GA
July 30, 2012
Legacy Capital Partners invested $3.3 million in the acquisition and renovation of a 250-unit garden style apartment complex located the Clayton/Henry submarket of Atlanta, Georgia. The total project costs (including funds needed to complete the renovation and lease-up) were $16.2 million. The asset was purchased with a $12.05 million fixed rate loan with a term [...]
Acquisition of 320-Unit Apartment Complex in Hoover, AL
June 29, 2012
Legacy Capital Partners invested $3.0 million in the acquisition and renovation of a 320-unit garden style apartment complex located in Hoover, Alabama. The total project costs (including funds needed to complete the renovation and lease-up) were $19.2 million. The asset was purchased with a $13.2 million loan with a term of 7 years. The loan [...]
Acquisition of 192-Unit Apartment Complex in Atlanta, GA
December 12, 2011
Legacy Capital Partners invested $2.696 million in the acquisition and renovation of a 192-unit garden style apartment complex located in the south Gwinnett submarket of Atlanta, Georgia. The total project costs (including funds needed to complete the renovation and lease-up) were $12.65 million. The asset was purchased with a $9.28 million loan with a term [...]
Fund III Closes to Focus on Multifamily Sector
July 12, 2011
Legacy Capital Partners closes its third real estate private equity fund in conjunction with making the fund’s first investment, the acquisition and repositioning of a 1,080-unit apartment complex in the Hoover submarket of Birmingham, AL [...]
Aquisition of 224-Unit Apartment Complex in Melbourne, FL
June 30, 2011
Legacy Capital Partners invested $1.275 million in the acquisition and renovation of a 224-unit apartment complex located in Melbourne, Florida. The total project costs (including funds needed to complete the renovation and lease-up) were $7.05 million. The asset was purchased with a $4.5 million loan with an initial term of 36 months with one 24-month [...]
Acquisition of 187,000-S.F. Shopping Center in Vernon Hills, IL
April 5, 2011
Legacy Capital Partners invested $6.04 million in the acquisition and renovation of an existing 187,314-square-foot shopping center in Vernon Hills, Illinois. The total project costs were $29.75 million. The asset was capitalized with a $22.2 million seven-year loan with an interest rate at 300 bps over the one-month LIBOR. The total equity requirement was $7.55 [...]
Acquisition of 182-Unit Apartment Complex in Clearwater, FL
February 11, 2011
Legacy Capital Partners invested $1.2 million in the acquisition and renovation of a 182-unit apartment complex in Clearwater, Florida. The total project costs (including funds needed to complete the renovation and lease-up) were $8.7 million. The asset was purchased with a 26-month term conventional loan of $6.1 with an option to extend the term for [...]
Acquisition of 1,080-Unit Apartment Complex in Birmingham, AL
February 3, 2011
Legacy Capital Partners invested $2.5 million in the acquisition and renovation of a 1,080-unit garden-style apartment complex in Birmingham (Hoover), Alabama. The total project costs (including funds needed to complete the renovation and lease-up) were $51 million. The asset was purchased with a $35.56 million loan with interest only for the first 24 months. The [...]
Sale of 198-Unit Residential Waterfront Project in Pasadena, FL
December 23, 2010
The sale of our 198-unit waterfront residential project in Pasadena, Florida closed on December 23, 2010. The total cost of the property was $16.5 million and sold for $21 million. Legacy Capital Partners’ original investment was $2.14 million of the $7 million total equity requirement. The total distributions to the Fund, including operating cash flow [...]