Preferred Markets: Florida, Texas, North Carolina, Tennessee, Georgia
Legacy Real Estate, Investments & Funding LLC sources stabilized and value-add apartment properties of 50+ units in size and repositions them by 1) adding capital improvements and 2) reducing expenses by creating operational efficiencies through the implementation of institutionalized property management. Legacy Real Estate, Investments & Funding LLC then sells the community as a stabilized asset within two to seven years depending on the investment cycle that we are in.
Asset Class: B+ to C+ (Primary focus is B class assets)
Location Quality: A+ to C+
Property Size: 50+ units; single asset or portfolios
Pricing: $1.0M to $20M+
Property Vintage: 1978+
Investment Structure: All cash to seller; Loan assumptions
on a case-by-case basis.
Investment Objectives: Legacy RE has yield requirements that are commensurate with the risks and opportunities presented by each property. Legacy RE focuses on sub- markets of growth and stability with “barriers to entry” and/or properties available below replacement cost. Additionally, we prefer stabilized properties (min 85% occupancy) requiring a renovation or upgrade where the property’s grade or class is below that of the other competitive properties in its market.
Legacy Real Estate, Investments & Funding LLC
Multi-Family Investment Group
Asset-Based Investment Opportunities | Protecting Capital - Low Risk| Building Wealth