Archives
Lago Paradiso at the Hammocks
May 31, 2017
Multifamily for rent 424-unit market rate apartment complex Acquisition and re-positioning of a garden style apartment complex located in Miami, Florida Investment closed in May 2017. The asset sold in September 2021. Legacy’s investment realized a 27.57% IRR and a 2.29x multiple. [...]
Bradenton Reserve
April 20, 2017
Multifamily for rent 166-unit market rate apartment complex Acquisition and re-positioning of a garden style apartment complex located in Bradenton, Florida Investment closed in April 2017. The project sold in September 2021 and Legacy realized a 20.0% IRR and a 2.0x equity multiple. [...]
Gateway at Cedar Brook
December 20, 2016
Multifamily for rent 164-unit market rate apartment complex. Acquisition and re-positioning of a two-property (332-unit) portfolio in Decatur, GA Investment closed in December 2016. The portfolio sold in August 2020 and Legacy’s investment realized a 40.23% IRR and a 2.83x equity multiple. [...]
Multifamily for rent 168-unit market rate apartment complex. Acquisition and re-positioning of a two-property (332-unit) portfolio in Decatur, GA Investment closed in December 2016. The portfolio sold in August 2020 and Legacy’s investment realized a 40.23% IRR and a 2.83x equity multiple. [...]
University Orchard
December 12, 2016
Multifamily for rent 648-bed (204-unit) student housing project serving Salisbury University Acquisition of an existing purpose-built student housing community in Salisbury, MD Investment closed in December 2016. All planned renovations are complete (lighting, landscaping, signage, and clubhouse upgrades). The project sold in November 2024. A preferred equity investment remains in the transaction. [...]
Avana Southgate
October 7, 2016
Multifamily for rent 256-unit market rate apartment complex Acquisition and repositioning of an existing complex in Louisville, KY Investment closed in October 2016. The asset sold in December 2021. Legacy’s investment realized a 27.4% IRR and a 3.0x multiple. [...]
Reserve at Peachtree Corners
September 30, 2016
Multifamily for rent 354-unit market rate apartment complex Acquisition and repositioning of an existing complex in Atlanta, GA Investment closed in September 2016. The asset sold in November 2021. Legacy’s investment realized a 44.75% IRR and a 4.82x multiple. [...]
Circle at Point Park
May 16, 2016
Multifamily for rent 964-unit market rate apartment complex Acquisition and repositioning of an existing complex in Houston, TX Investment closed in May 2016. The asset sold in December 2021. [...]
Trails at Cahaba River
April 14, 2016
Multifamily for rent 400-unit market rate apartment complex Acquisition and repositioning of an existing complex in Birmingham AL Investment closed in April 2016. The asset sold in January 2020. Legacy’s investment realized a 14.84% IRR and a 1.65x multiple. [...]
Preserve at Greison Trail Apartments
March 1, 2016
Multifamily for rent 235-unit market rate apartment complex Acquisition and repositioning of an existing complex in Newnan, GA Investment closed in September 2015. The asset sold in September 2021. Legacy’s investment realized a 24.02% IRR and a 2.92x multiple. [...]