Fund I

Legacy Suites

Tallahassee,

FL

Total Required Equity
$4,469,854
Asset type
Multifamily
Investment Objective
Growth & Income
Realized IRR
9%
Hold Period
5 Years
Investment Date
6/12/2012

Investment Summary

Legacy Suites was a 144-unit, 288-bed, Class B student housing property at Florida State University with only a short walk to campus and nightlife. The property was purchased at dramatically below peak pricing. Our business plan was to build new model units, a business office and a leasing center. Plus, upgrade the pool and other common areas with new furniture and more student-friendly surroundings.

Explore our open investment opportunities.