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 a 19.67% IRR and a 2.3x multiple.