Archives
Domain at Cedar Creek
December 20, 2016
Multifamily for rent 168-unit market rate apartment complex. Acquisition and re-positioning of a two-property (332-unit) portfolio in Decatur, GA Investment closed in December 2016. The portfolio sold in August 2020 and Legacy’s investment realized a 40.23% IRR and a 2.83x equity multiple. [...]
University Orchard
December 12, 2016
Multifamily for rent 648-bed (204-unit) student housing project serving Salisbury University Acquisition of an existing purpose-built student housing community in Salisbury, MD Investment closed in December 2016. All planned renovations are complete (lighting, landscaping, signage, and clubhouse upgrades). The project is currently 95%+ occupied. [...]
Avana Southgate
October 7, 2016
Multifamily for rent 256-unit market rate apartment complex Acquisition and repositioning of an existing complex in Louisville, KY Investment closed in October 2016. The asset sold in December 2021. Legacy’s investment realized a 27.4% IRR and a 3.0x multiple. [...]
Reserve at Peachtree Corners
September 30, 2016
Multifamily for rent 354-unit market rate apartment complex Acquisition and repositioning of an existing complex in Atlanta, GA Investment closed in September 2016. The asset sold in November 2021. Legacy’s investment realized a 44.75% IRR and a 4.82x multiple. [...]
Circle at Point Park
May 16, 2016
Multifamily for rent 964-unit market rate apartment complex Acquisition and repositioning of an existing complex in Houston, TX Investment closed in May 2016. The asset sold in December 2021. [...]
Trails at Cahaba River
April 14, 2016
Multifamily for rent 400-unit market rate apartment complex Acquisition and repositioning of an existing complex in Birmingham AL Investment closed in April 2016. The asset sold in January 2020. Legacy’s investment realized a 14.84% IRR and a 1.65x multiple. [...]
Preserve at Greison Trail Apartments
March 1, 2016
Multifamily for rent 235-unit market rate apartment complex Acquisition and repositioning of an existing complex in Newnan, GA Investment closed in September 2015. The asset sold in September 2021. Legacy’s investment realized a 24.02% IRR and a 2.92x multiple. [...]
Multifamily for rent 280-unit market rate apartment complex Acquisition and repositioning of an existing complex in Mobile, AL Investment closed in September 2015. The asset sold in March 2020. Legacy’s investment realized a 6.53% IRR and a 1.25x multiple. [...]
The Hue
December 18, 2015
Multifamily for rent 446-bed (149-unit) student housing project serving the Savannah College of Art and Design (SCAD) Acquisition of an existing purpose-built student housing community in Savannah, GA Investment closed in December 2015. The asset sold in December 2019. Legacy’s investment realized a 19.54 IRR and a 1.88x multiple. [...]
Aberdeen Apartments
December 15, 2015
Multifamily for rent 296-unit market rate apartment complex Acquisition and repositioning of an existing complex in Lawrence, KS Investment closed in December 2015. The portfolio sold in August 2022. Legacy’s investment realized a 24.34% IRR and a 3.47x multiple. [...]