The investment will include $5 million which Airbnb will contribute to its Superhost Relief Fund.
The deal marked the first sale in JAG’s Income Fund. The community was acquired through a joint venture with KKR and JAG in 2017.
Phase 1 of Legacy Square was completed in late 2019 with the opening of a 185,000/-square-foot Walmart Supercenter and seven finished pad sites. Phase two is now under construction and will open in early 2021.
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