We develop and acquire properties in the industrial, storage, micro-fulfillment, warehousing, office, and single/multi-family sectors alongside programmatic partners.
Investment Criteria
Long-Term Assets
- High yield assets with value-add opportunities.
- Build to suit development with strategic partners or portfolio companies.
- Leased asset with an out-parcel for development opportunity.
- Long-term tenants or ability to attract long-term tenants upon repositioning/re-leasing.
- Areas of focus: Industrial, Multi-Family, Office.
- 6-10+ year hold.
Short-Term Projects
- Development opportunities with in-network partners.
- Programmatic development that can be replicated with same partner and asset type creating formulaic and proven outcomes.
- Reposition and re-lease undervalued assets.
- Areas of focus: Industrial, Self Storage, Residential, Multi-Family.
- 18-48 month, high return projects.
Property Platform
Acquiring and building assets, unlocking unrealized value
Development & Construction
Sourcing and Permitting
Repositioning
Financing
Case Study
Smart Equip
SmartEquip Inc., a SaaS software network located in Norwalk, CT which operates a procurement network channel delivering web based equipment lifecycle support for more than 600 construction equipment brands and suppliers, to 40,000+ users across more than 6,000 locations in North America, Europe and Asia.
- Replaced and re-assembled a new senior management team
- Co-led the investment group to recapitalize the company
- Transformed the platform from a software shop to a Hybrid SaaS Network
- Team grew the network from 30 to 600 brands
- Achieved 100% customer retention
Note: Investment was made by management prior to the formation of Legacy Capital Ventures.
Self Storage Development Group
SSG is a real estate development and construction company that sourced, permitted and built Class A self storage facilities along the urban core east coast - from Boston to Florida. SSG sold their assets in a hybrid “build to suit” program at certificate of occupancy, creating an efficient pipeline of strong risk-adjusted ROI projects. SSG identified difficult urban core properties, manages the entitlement and permit process and creates additional value with outparcel when available.
- 11 Years in Business
- 15 Properties Developed
- 1.5m + Sq.ft Developed
- 4 Outparcels Generated
Note: Investment was made by management prior to the formation of Legacy Capital Ventures.
Equipment Rental Assets
Utilizing our industry knowledge, network and understanding the growth needs in the Northeast market. We built two new locations (Hyde Park and Woburn) in addition to the existing investment properties in Shrewsbury, MA. Both opportunities allowed to repurpose segmented and under utilized real estate and revitalize it to its highest and best use with AAA credit tenant, Sunbelt Rentals.
- 4 Locations
- 90k Sq.Ft Developed
- Most recently valued ~4% Cap Rate for location and market.
Note: Investment was made by management prior to the formation of Legacy Capital Ventures.