Legacy Capital

Legacy's investment strategy is to seek undervalued, well-located land parcels in sustainable markets and is driven by the factors below:

- Job growth remains Legacy’s primary metric prior to consideration of price, location and other key underwriting criteria. An environment of job growth has always proven to be a catalyst for land appreciation.

- Motivated seller or unique circumstances that provide strong buying opportunity.

- Opportunity to add value through land planning, zoning, site infrastructure, or environmental clean-up.

- Legacy makes selective acquisitions in ‘up’ and ‘down’ markets when value can be found through one or more of the following:

- Misperceived entitlement risk

- Supply constraints

- Distressed real estate with inadequate capital structures

- Distressed operating companies with valuable real estate assets

- Mismanaged real estate entities and properties

- Public infrastructure improvements underway in immediate trade area

Acquisition Criteria:

- Land, both in-fill and suburban, in major Texas markets

- Multiple potential uses / exit strategies

- Sustainable geographic and demographic markets

- Quality site characteristics (access, visibility, traffic counts, schools, amenities, etc.)

- Excellent “Value” (off market, high barriers to entry, potential to change in use or increase density, etc.)

- Transaction Size: $1 to $5 Million equity requirement

- Improved properties with a significant “value-add” component