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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.

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