Waters Pointe
June 20, 2013
- Multifamily for rent
- 198-unit market rate apartment complex.
- Acquisition and re-positioning of an existing waterfront complex on Boca Siega Bay
- Investment closed in February 2010. The property was a failed condo-conversion project that was purchased out of foreclosure and was 100% vacant at the time of acquisition. The project sold in December 2010 and Legacy’s investment realized a 66.9% IRR and a 1.53x equity multiple.