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The Biggest Issue in Multifamily Today? Excess Supply, Says Legacy Partners CFO

The Biggest Issue in Multifamily Today? Excess Supply, Says Legacy Partners CFO

Robert Calleja on supply challenges and strategic residential development. Despite high construction costs and interest rates, increasing inflation and pockets of oversupply, the U.S. multifamily sector has shown resilience, according to Legacy Partners CFO Robert Calleja.   Active in all major branches of the sector, from acquisitions to property management and asset repositioning, Legacy Partners manages 50 communities and more … Read More About The Biggest Issue in Multifamily Today? Excess Supply, Says Legacy Partners CFO

Rylan at Gateway Brings 336 Apartments to the Market in Forney, Texas

Rylan at Gateway Brings 336 Apartments to the Market in Forney, Texas

New community is within Gateway, a 2,000-acre master-planned, mixed-use development Legacy Partners, Inc., a privately held national real estate firm, together with their joint venture partner The Resmark Companies, a leading residential real estate investment manager, today announced the start of leasing for Rylan at Gateway, a new 336-residence apartment community in Forney, Texas. Rylan at Gateway is located … Read More About Rylan at Gateway Brings 336 Apartments to the Market in Forney, Texas

Legacy Partners, Inc. JV to Break Ground on Luxury Cali Community

Legacy Partners, Inc. JV to Break Ground on Luxury Cali Community

Construction is anticipated to commence next week. Legacy Partners, Inc. and DWS Group are set to break ground on a 346-unit community in Ontario, Calif. The eight-building Legacy Ontario property, situated at 2510 S. Euclid Ave., is anticipated to commence construction next week. “The City of Ontario offers what our residents are attracted to: a nice community to live, play … Read More About Legacy Partners, Inc. JV to Break Ground on Luxury Cali Community

Legacy Partners, Inc. Announces the 13-Story/236-Unit Multifamily Tower Araceli in Denver Begins Leasing

Legacy Partners, Inc. Announces the 13-Story/236-Unit Multifamily Tower Araceli in Denver Begins Leasing

Legacy Partners, Inc. (“Legacy”), a privately held national real estate firm, and Pacific Life, provider of equity and debt capital to the real estate market, are pleased to announced the start of leasing of Araceli, a 236-residence, Class A, NGBS Green-Certified Gold high-rise in Denver. “At Araceli, sleek spaces meet breathtaking mountain views,” said … Read More About Legacy Partners, Inc. Announces the 13-Story/236-Unit Multifamily Tower Araceli in Denver Begins Leasing

Bay Area multifamily developer begins its first project in Pierce County

Bay Area multifamily developer begins its first project in Pierce County

Two national real estate firms are teaming up on a joint venture to develop 240 apartment units in University Place near Tacoma. Bay Area developer Legacy Partners, Inc. and New York-based Silverpeak Real Estate Partners broke ground Monday on Legacy at University Place, a 10-building complex totaling 250,000 square feet at 6021 S. Orchard St. The first … Read More About Bay Area multifamily developer begins its first project in Pierce County

LEGACY PARTNERS, INC. AND SILVERPEAK BREAK GROUND ON 240-RESIDENCE APARTMENT COMMUNITY IN UNIVERSITY PLACE, WASH.…

LEGACY PARTNERS, INC. AND SILVERPEAK BREAK GROUND ON 240-RESIDENCE APARTMENT COMMUNITY IN UNIVERSITY PLACE, WASH. Partnership recently closed loan from PNC for $39.8 million

UNIVERSITY PLACE, Wash. (Oct. 14, 2024) – Legacy Partners, Inc. (“Legacy”), a privately held national real estate firm, together with their joint venture partner Silverpeak Real Estate Partners, today announced the start of construction for Legacy at University Place, a 240-residence apartment community coming to University Place, Washington. Legacy and Silverpeak recently closed on the undeveloped site with … Read More About LEGACY PARTNERS, INC. AND SILVERPEAK BREAK GROUND ON 240-RESIDENCE APARTMENT COMMUNITY IN UNIVERSITY PLACE, WASH. Partnership recently closed loan from PNC for $39.8 million