Legacy Capital Partners is a real estate private equity firm founded in 2004. Our ability to create value and achieve superior returns for our investors rests on five fundamental beliefs:
- 1Investment strategies have a shelf life. That is why we invest with strategies that work now and can be deployed quickly.
- 2It’s all about the fundamentals. We are real estate professionals experienced in finance rather than finance professionals investing in real estate.
- 3Relationships matter. Great investments are made with great partners whose capacity and ethics make all the difference.
- 4Risk is reduced by having a defined and consistent process for how investment opportunities are analyzed.
- 5Managing other people’s money requires strong internal systems and controls. We take our role as a fiduciary seriously.
Middle market real estate investors, deploying capital nationally through a series of focused funds with targeted strategies.
We focus on secondary markets and filter opportunities based on the partner, the location, and the investment’s ability to generate annual yield and capital appreciation.
+Our Offerings
Individual Investment Offerings
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- $11,509,000 raised
- 7.1% avg. yield, 1.70X equity in 5 years
- 190-unit apartment property
- Norfolk, VA
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- $13,605,000 raised
- 5.2% avg. yield, 1.66X equity in 5 years
- 169-unit apartment property
- Winston-Salem, NC
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- $6.125 million raised
- 7.4% avg yield, 1.65X equity in 5 years
- 218-unit apartment property
- Covington, LA (New Orleans MSA)
Multi-asset Investment Offering
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- Initial Closing August 2019 / fully invested December 2021
- $40,500,000 raised / $39,589,000 invested
- 8 multifamily assets / 1,883 units
- Total cost basis $314.6 million
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- Initial Closing February 2018 / fully invested August 2019
- $61,550,000 raised / $60,522,428 invested
- 18 multifamily assets / 4,046 units
- Total cost basis $519.5 million
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- Initial Closing April 2016 / fully invested February 2018
- $50,000,000 raised / $48,684,098 invested
- 18 multifamily assets / 4,470 units
- Total cost basis $498.7 million
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- Initial closing 2013 / fully invested 2015
- $39,065,000 raised / $39,756,600 invested
- Nine multifamily assets / 2,598 units
- Total cost basis +$245 million
+Our Process
Our investment process is from the ground up and begins in the trenches, as you would expect from an investment manager with deep roots in real estate development. We strive to reduce the probability of investment errors through a defined sequence of actions; our investment process is the same regardless of fund strategy. It’s what differentiates us from other managers.
Click here to learn more about our process.
+Our Team
A partner with capital, not just a capital partner. The team at Legacy Capital Partners has over 100 years of collective experience in the commercial real estate industry, combining extensive backgrounds in real estate development, management, real estate finance, accounting, and law.
Mitchell C. Schneider
Co-Founder and Chairman
Mitchell brings over 35 years of real estate development and legal expertise to Legacy Capital Partners. After practicing real estate law for approximately five years, Mitchell went on to found First Interstate Properties, Ltd., in Lyndhurst, Ohio. As the President and Chairman of the Board of Directors, he directed the company’s growth into a full-service real estate development firm that developed over four million square feet of retail space. In May 2018, First Interstate completed One University Circle, a 20-story, 280-unit Class A for-rent residential development in Cleveland’s University Circle. In June 2020, First Interstate broke ground on its second multifamily development, 121 Larchmere, an 88-unit project in Cleveland’s Larchmere neighborhood, which completed construction in June 2021. Mitchell also serves as a Special Advisor to the Investment Committee for National Real Estate Advisors, a multi-billion-dollar real estate investment fund manager formerly known as the National Electricians Benefit Fund. Mitchell received his J.D. degree from The College of Law at The Ohio State University as well as a B.A. degree in International Political Economics, also from Ohio State. Mitchell has served as a Board Member for a number of philanthropic institutions locally and nationally including the Jewish Federation of Cleveland, Siegal College, ORT America, and is the current Board Chair of the Western Reserve Land Conservancy.
David B. St. Pierre
Co-Founder and Executive Director
David has focused his entire 30-year career on the real estate debt and capital markets, primarily as an institutional real estate lender and investor on a national basis. He has worked with numerous developers and real estate professionals across the country to provide senior and mezzanine debt and equity capital from his current role with Legacy Capital Partners in addition to his previous management positions at KeyBank and Bank One. Prior to co-founding Legacy Capital Partners in 2004, he was a Senior Vice President and acquisition banker with KeyBank Real Estate Capital’s Private Equity Group. In this capacity, he actively identified, underwrote, structured and closed equity and mezzanine investments in a broad range of properties on a national basis. David received his B.A. degree from Ohio Wesleyan University and his MBA degree from Cleveland State University. David currently serves as the Board Chair of the Greater Cleveland Film Commission.