News
January 13, 2020
JPI divisional president moves to national firm
Legacy Partners has added a familiar name in North Texas to aid in its national growth strategy. After spending almost 10 years at Irving-based JPI, most recently in the role of divisional president and managing partner, Matt Brendel will serve as senior managing director, Southwest for Legacy. Brendel said one of the features that drew him was Legacy Partners’ long tenure as … Read More About JPI divisional president moves to national firm
January 7, 2020
Legacy Partners Grows Southern U.S. Presence with Three Major Hires
Legacy Partners, a privately-held national real estate firm, announced today the hiring of Texas multifamily executive Matt Brendel as Senior Managing Director, Southwest; Florida real estate developer Naeem Coleman as Managing Director, Southeast; and, multifamily construction veteran Arn McFern, as Vice President of Construction, Southeast. Brendel was previously the Divisional President and Managing Partner of JPI, a national developer and builder of Class A multifamily housing, where he … Read More About Legacy Partners Grows Southern U.S. Presence with Three Major Hires
December 18, 2019
Newly constructed Westminster apartment complex sells for $93.5 million
A newly constructed apartment complex in Westminster sold this week for more than $311,000 per unit. Legacy Partners sold off its “Legacy on the Promenade,” a 300-unit complex constructed in 2018 for $93.5 million to The Praedium Group, a New York-based national real estate investment firm, according to Jefferson County public records. The deal works out to $311,666 per unit, … Read More About Newly constructed Westminster apartment complex sells for $93.5 million
December 16, 2019
Legacy Partners Divests of Two Denver-Area Multifamily Communities
DENVER AND WESTMINSTER, COLO. — Legacy Partners has completed the sales of two apartment communities located in Denver and Westminster. In the first transaction, Avanath Affordable Housing IV LLC acquired Fox Crossing Apartments, a 220-unit affordable housing community in Denver. Built in 1997, the property features one-, two- and three-bedroom floor plans with an average unit size of 941 square … Read More About Legacy Partners Divests of Two Denver-Area Multifamily Communities
December 10, 2019
Skyloft Celebrates Opening
Irvine’s newest high-end residences, Skyloft Apartments, celebrated its opening on Monday, December 9. The ribbon-cutting ceremony welcomed the new community with appearances from Pete Carmichael, Irvine’s director of Community Development, as well as other city staff. The public was invited to catch a glimpse of the property, which has struck interest due to its signature design by celebrity designer Thomas … Read More About Skyloft Celebrates Opening
November 13, 2019
Value-Add Power Plays
Demographic shifts happening across the country are raising the profile of multifamily investments. Properties in need of upgrades near transit, schools, and in areas where affordability is a key issue are getting a hard review from companies specializing in the upgrade process. What are they looking for, what must be fixed, and how much of a return is possible by … Read More About Value-Add Power Plays