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Savoy Square
June 20, 2013

  • Multifamily for rent
  • 182-unit market rate apartment complex.
  • Acquisition and re-positioning of an existing complex in Clearwater, FL
  • Investment closed in February 2011. The project was acquired in an off-market transaction from the local housing authority.  The project sold in August 2013 to a REIT and Legacy received OP Units. The OP Units were liquidated in October 2014 and Legacy’s investment ultimately realized a 19.5% IRR and a 1.67x equity multiple.

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