Preston Butcher, the founder ofLegacy Partners, will continue as chairman of the recapitalizedLegacy Partners.
FOSTER CITY, CA—Locally-based national real estate developmentfirm Legacy Partners reports that Naples, FL private equity realestate investment and development firm Collier Enterprises hasrecapitalized the firm that will enable the private enterprise tocontinue and in fact expand its operations.
No financial terms of the recapitalization were released.Legacy Partners, which has more than 50 yearsof multifamily development and management experience across the US,states that the financing deal with Collier Enterprises “willenable the real estate firm to continue their activities, whichpreviously have occurred primarily in the Western United States, asthey continue to expand with the recent opening of Orlando,Florida, and acquiring property for development in Hawaii.”
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
