Archives
Deerfield Glen
June 20, 2013
Multifamily for rent 320-unit market rate apartment complex Acquisition and renovation of a 320-unit garden style apartment complex located in Hoover, AL Investment closed in June 2012. The project was acquired with attractive terms. The project was sold in November 2013 to a REIT and Legacy received OP Units. The OP Units were liquidated in [...]
Multifamily for rent 250-unit market rate apartment complex Acquisition and repositioning of garden-style apartment complex located in the Clayton/Henry submarket of Atlanta, GA Investment closed in July 2012. The project was sold in June 2017 and Legacy’s investment realized a 23.59% IRR and a 2.49x equity multiple [...]
Multifamily for rent 276-unit (744-bed) student housing apartment complex Ground-up development at Texas State University Investment closed in July 2005. The project sold as a part of a multi-property portfolio in November 2007, and Legacy’s investment realize an 11.3% IRR and a 1.3x equity multiple. [...]
Multifamily for rent 504-unit (1,488 bed) student housing apartment complex Ground-up development at the University of Florida Investment in Phase I closed in June 2005. The project was built in two phases (Phase II closed in September 2006) and sold as a part of a multi-property portfolio in November 2007. Legacy’s investment realized a 45% [...]
Multifamily for rent 240-unit market rate apartment complex Acquisition and re-positioning of an existing apartment complex near AIA in Ponte Vedra Beach, FL Investment closed in October 2005. The project was acquired prior to the economic downturn and the property was not able to achieve its proforma. The lender took possession of the asset in [...]
Multifamily for rent 390-unit market rate apartment complex Acquisition and re-positioning of an existing apartment complex in Jacksonville, FL Investment closed in October 2005. The project was acquired prior to the economic downturn and was not able to achieve its proforma prior to being sold in November 2012. The short sale was required by the [...]