News

Legacy, PGIM Acquire Former Student Housing from Azusa Pacific U.

Legacy, PGIM Acquire Former Student Housing from Azusa Pacific U.

Legacy Partners and venture partner PGIM have acquired University Village, a 320-residence garden-style apartment community at 801 E. Alosta Ave. in Azusa, for $92 million. The seller was Azusa Pacific University, which used the property as residence halls for students. The community will be rebranded as Citrus Place Apartments and be available for leasing by the end of September 2025. “We’re excited to … Read More About Legacy, PGIM Acquire Former Student Housing from Azusa Pacific U.

Developer Team Delivers Two DFW BTR Communities

Developer Team Delivers Two DFW BTR Communities

Legacy Partners and The Resmark Companies started leasing for two single-family build-to-rent communities in two northern Dallas suburbs: Harlow, comprising 133 homes in the Collin County city of Melissa, and Adair, featuring 134 homes in the Denton County city of Aubrey. Legacy’s Matt Brendel added, “While we historically have developed multifamily properties, we made the decision to pivot to single-family homes after … Read More About Developer Team Delivers Two DFW BTR Communities

Legacy Partners JV Breaks Ground on Metro Phoenix Project

Legacy Partners JV Breaks Ground on Metro Phoenix Project

The community will be built in multiple phases. Real estate firm Legacy Partners and joint venture partner DWS have started construction on Olea Scottsdale, a 433-unit apartment community in Scottsdale, Ariz. The development will be completed in multiple phases through 2027.   Olea Scottsdale will consist of 325 garden-style apartment units, along with 108 townhouses. Olea Scottsdale will include a total … Read More About Legacy Partners JV Breaks Ground on Metro Phoenix Project

Legacy Partners, DWS Launch Construction on Torrance Apartments

Legacy Partners, DWS Launch Construction on Torrance Apartments

Legacy Partners, a privately held national real estate firm, partnered with DWS Group, a leading global asset manager, to announce the start of construction for Soto, a 200-unit apartment community in Torrance. It represents the fourth project on which Legacy and DWS have teamed.   Located at 3863 Carson St. adjacent to Del Amo Fashion Center, the five-story community’s exterior design was inspired by … Read More About Legacy Partners, DWS Launch Construction on Torrance Apartments

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