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

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

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

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

Legacy Partners announces opening of ultra luxurious Skyloft Apartments in Irvine

Legacy Partners (“Legacy”), a privately-held national real estate firm, announced today the opening of Skyloft Apartments, which is owned by Sanderson J. Ray Development. Located at 2700 Main Street, just steps from Irvine’s Business Center, Skyloft features 388 studios and one-, two-, and three-bedroom residences. Built by StreetLights Residential, designed by  … Read More

Vacation-Like Amenities are Part of Waterfront Project

Scheduled for completion in July 2021, the property is located near public transit including DART and the Las Colinas Area Personal Transit System, allowing easy access for corporate commuters in DFW. IRVING, TX—KWA Construction has broken ground on Legacy Lakeshore, a luxury waterfront community on 3.38 acres on Lake Carolyn in the Las Colinas area. The nearly $46 million five-story … Read More

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