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Joint Venture Buys Mobile Apartment Complex in Value-Add Play

Legacy Capital Partners, Morrison Avenue Capital Partners Pay $33.4 Million for 320-Unit Timber Ridge
By Mary Rockwell
CoStar Research
May 18, 2021 | 9:55 P.M.

A joint venture between Legacy Capital Partners and Morrison Avenue Capital Partners has purchased Timber Ridge Apartments, a 320-unit multifamily complex in Mobile, Alabama, in a value-add play.

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