Archives
Park West Apartments
March 1, 2016
Multifamily for rent 280-unit market rate apartment complex Acquisition and repositioning of an existing complex in Mobile, AL Investment closed in September 2015. The asset sold in March 2020. Legacy’s investment realized a 6.53% IRR and a 1.25x multiple. [...]
The Hue
December 18, 2015
Multifamily for rent 446-bed (149-unit) student housing project serving the Savannah College of Art and Design (SCAD) Acquisition of an existing purpose-built student housing community in Savannah, GA Investment closed in December 2015. The asset sold in December 2019. Legacy’s investment realized a 19.54 IRR and a 1.88x multiple. [...]
Aberdeen Apartments
December 15, 2015
Multifamily for rent 296-unit market rate apartment complex Acquisition and repositioning of an existing complex in Lawrence, KS Investment closed in December 2015. The portfolio sold in August 2022. Legacy’s investment realized a 24.34% IRR and a 3.47x multiple. [...]
Multifamily for rent 108-unit market rate apartment complex Acquisition and repositioning of an existing complex in Lawrence, KS Investment closed in December 2015. The portfolio sold in August 2022. Legacy’s investment realized a 24.34% IRR and a 3.47x multiple. [...]
Beech Lake Apartments
April 29, 2015
Multifamily for rent 345-unit market rate apartment complex Acquisition and repositioning of an existing complex in Durham, NC Investment closed in April 2015. The asset sold in May 2018. Legacy’s investment realized a 21.2% IRR and a 1.7x multiple.. [...]
Adrian on Riverside
November 25, 2014
Multifamily for rent 224-unit market rate apartment complex Acquisition and repositioning of an existing complex in Macon, GA Investment closed in November 2014. The asset sold in April 2018. Legacy’s investment realized a 19.17% IRR and a 1.7x multiple. [...]
Timberwood Commons
July 8, 2014
Multifamily for rent 252-unit market rate apartment complex Acquisition and repositioning of an existing complex in Lebanon, NH Investment closed in July 2014. The project sold in February 2021 and Legacy’s investment realized a 26.60% IRR and a 3.37x equity multiple. [...]
Vista Grande
April 3, 2014
Multifamily for rent 272-unit market rate apartment complex Acquisition and repositioning of an existing complex in Orange Park, FL Investment closed in February 2013. The project was acquired at an attractive basis from an apartment REIT looking to exit their investments in Florida. The portfolio sold in January 2019. Legacy’s investment in the portfolio realized [...]
Grand Palms
April 2, 2014
438-unit market rate apartment complex Acquisition and re-positioning of an existing complex in Tampa’s Carrollwood sub-market Investment closed in February 2010. Once the renovation was completed in late 2010, a supplemental loan with Fannie Mae closed in March 2011 and returned 30% of the original invested capital. The project sold in August 2012 to a [...]
Multi-family for rent 264-unit market rate apartment complex Acquisition and re-position of an existing complex in Tampa’s Carrollwood sub-market Investment closed in November 2010. The project was acquired in an off marketing transaction from an absentee distressed owner. The project was sold in November 2013 to a REIT and Legacy received OP Units. The OP [...]