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Ridgewood Preserve
June 20, 2013

  • Multifamily for rent
  • 184-unit market rate apartment complex.
  • Acquisition and re-positioning of a three-property (550-unit) portfolio in Arlington, TX
  • Investment closed in May 2010. The portfolio was acquired out of foreclosure. The portfolio was sold in August 2012 to a REIT and Legacy received OP Units. Legacy’s investment in the portfolio realized a 38.4% IRR and a 2.02x equity multiple.

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