Archives
Alvadora Apartments
December 15, 2015
Multifamily for rent 108-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. [...]
Beech Lake Apartments
April 29, 2015
Multifamily for rent 345-unit market rate apartment complex Acquisition and repositioning of an existing complex in Durham, NC Investment closed in April 2015. The asset sold in May 2018. Legacy’s investment realized a 21.2% IRR and a 1.7x multiple.. [...]
Adrian on Riverside
November 25, 2014
Multifamily for rent 224-unit market rate apartment complex Acquisition and repositioning of an existing complex in Macon, GA Investment closed in November 2014. The asset sold in April 2018. Legacy’s investment realized a 19.17% IRR and a 1.7x multiple. [...]
Timberwood Commons
July 8, 2014
Multifamily for rent 252-unit market rate apartment complex Acquisition and repositioning of an existing complex in Lebanon, NH Investment closed in July 2014. The project sold in February 2021 and Legacy’s investment realized a 26.60% IRR and a 3.37x equity multiple. [...]
Vista Grande
April 3, 2014
Multifamily for rent 272-unit market rate apartment complex Acquisition and repositioning of an existing complex in Orange Park, FL Investment closed in February 2013. The project was acquired at an attractive basis from an apartment REIT looking to exit their investments in Florida. The portfolio sold in January 2019. Legacy’s investment in the portfolio realized [...]
Grand Palms
April 2, 2014
438-unit market rate apartment complex Acquisition and re-positioning of an existing complex in Tampa’s Carrollwood sub-market Investment closed in February 2010. Once the renovation was completed in late 2010, a supplemental loan with Fannie Mae closed in March 2011 and returned 30% of the original invested capital. The project sold in August 2012 to a [...]
Multi-family for rent 264-unit market rate apartment complex Acquisition and re-position of an existing complex in Tampa’s Carrollwood sub-market Investment closed in November 2010. The project was acquired in an off marketing transaction from an absentee distressed owner. The project was sold in November 2013 to a REIT and Legacy received OP Units. The OP [...]
Multifamily for rent 288-unit market rate apartment complex Acquisition and repositioning of an existing complex in Orange Park, FL Investment closed in February 2013. The project was acquired at an attractive basis from an apartment REIT looking to exit their investments in Florida. The portfolio sold in January 2019. Legacy’s investment in the portfolio realized [...]
Multifamily for rent 522-unit market rate apartment complex Acquisition and repositioning of an existing complex in Ocoee, FL Investment closed in July 2013. Legacy sold its interest in December 2015 and the investment realized a 44.8% IRR and a 2.22x equity multiplier. [...]
Multifamily for rent 180-unit market rate apartment complex Acquisition and repositioning of an existing complex in Norcross, Gwinnett County, GA Investment closed in March 2013. The project was sold in December 2016 and Legacy’s investment realized a 31.33% IRR and a 2.47x equity multiple. [...]