The Local on Severn (Castille Severn Apartments)
February 7, 2018
- Multifamily for rent
- 161-unit market rate apartment complex.
- Acquisition and re-positioning of a four-property (556-unit) portfolio in Metairie, LA
- Investment closed in February 2018. The project was the last asset in the portfolio and sold in December 2024. Legacy realized a 21.15% IRR and a 1.9x equity multiple.