Cabana South Beach
June 20, 2013
- 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% IRR and a 2.4x equity multiple.