Archives
Olmsted Savannah
June 28, 2019
Multifamily for rent 163-unit market rate apartment complex. Ground up multifamily development in the historic district of downtown Savannah, GA. Investment closed in June 2019. The final Certificate of Occupancy was received in February 2022. The Project is stabilized and the original construction loan was refinanced with a permanent loan in January 2023. The asset [...]
Retreat at Waterside Greene Apartments
June 6, 2019
Multifamily for rent 378-unit market rate apartment complex. Acquisition and re-positioning of a market rate apartment complex in Greenville, SC. Investment closed in June 2019. The asset sold in June 2021. Legacy’s investment realized a 9.5% IRR and a 1.2x multiple. [...]
Stratford Village Apartments
May 24, 2019
Multifamily for rent 224-unit market rate apartment complex Acquisition and repositioning of a two asset portfolio (512-unit) located in Montgomery, AL Investment closed in May 2019. The portfolio sold in October 2021. Legacy’s investment realized a 25.49% IRR and a 1.67x multiple. [...]
Multifamily for rent 288-unit market rate apartment complex Acquisition and repositioning of a two asset portfolio (512-unit) located in Montgomery, AL Investment closed in May 2019. The portfolio sold in October 2021. Legacy’s investment realized a 25.49% IRR and a 1.67x multiple. [...]
Chatham Wood Apartments
February 19, 2019
Multifamily for rent 208-unit market rate apartment complex. Acquisition and re-positioning of a market rate apartment complex in High Point, NC. Investment closed in February 2019. The exterior renovations are complete and the interior unit renovations are continuing. The project is currently 90%+ occupied. [...]
The Dexter
November 28, 2018
Multifamily for rent 250-unit market rate apartment complex. Acquisition and re-positioning of a market rate apartment complex in Decatur, GA Investment closed in November 2018. The project sold in June 2022 and Legacy realized a 34.8% IRR and a 2.7x equity multiple. [...]
Villas at Greenview
November 14, 2018
Multifamily for rent 160-unit market rate townhome complex Acquisition and repositioning of a two asset portfolio (304-unit) located in St Mary’s County, MD Investment closed in November 2018. The exterior renovations are complete. Interior unit renovations are continuing. In January 2023 the portfolio was refinanced and all original invested equity was returned. The portfolio is [...]
Multifamily for rent 144-unit market rate apartment complex Acquisition and repositioning of a two asset portfolio (304-unit) located in St Mary’s County, MD Investment closed in November 2018. The exterior renovations are complete. Interior unit renovations are continuing. In January 2023 the portfolio was refinanced and all original invested equity was returned. The portfolio is [...]
High Ridge Landing
September 5, 2018
Multifamily for rent 184-unit market rate apartment complex Acquisition and redevelopment of an apartment community located in Boynton Beach, Florida Investment closed in September 2018. High Ridge Landing (184 units), which was part of the Sheridan High Ridge Portfolio (424 units), was the only remaining asset in the portfolio and sold in September 2022. Legacy’s [...]
Multifamily for rent 240-unit market rate apartment complex Acquisition and redevelopment of an apartment community located in Dania Beach, Florida Investment closed in September 2018. Beach Walk (240 units), which was part of the Sheridan High Ridge Portfolio (424 units), sold in December 2021. The remaining asset, High Ridge Landing (184 units) sold in September [...]