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Magnolia Glen
June 20, 2013

  • Multifamily for rent
  • 1,080-unit market rate apartment complex.
  • Acquisition and re-positioning of an existing complex in Hoover, AL
  • The project was sold in August 2012 to a REIT and Legacy received OP Units. Legacy’s investment realized a 70.2% IRR and a 2.18x equity multiple.

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