Arch companies, a vertically integrated real estate owner, operator, and developer, completed the acquisition of Legacy Melrose, a multifamily property in West Palm Beach, Florida. Financial terms were not disclosed. “We’re pleased to have completed this acquisition of such a well-located multifamily property in West Palm Beach where residential demand is so strong. Properties that are well located in South Florida are in strong demand and we anticipate these market trends to continuefor the foreseeable future,” Jeffery Simpson, Arch Companies Managing Partner.