June 20, 2013
- Multifamily for rent
- 240-unit market rate apartment complex.
- Acquisition and re-positioning of a three-property (550-unit) portfolio in Arlington, TX
- Investment closed in May 2010. The portfolio was acquired out of foreclosure. The portfolio was sold in August 2012 to a REIT and Legacy received OP Units. Legacy’s investment in the portfolio realized a 38.4% IRR and a 2.02x equity multiple.