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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 October 2014 and¬†Legacy’s investment ultimately realized a 33.9% IRR and a 1.81x equity multiple.

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