David St. Pierre

Cleveland-based Legacy Capital Partners began 2020 with robust multifamily disposition activity after executing the successful exit of five assets totaling 1,170 units. The properties are The Hue in Savannah, GA, Trails at Cahaba River in Birmingham, AL, two properties in Metairie, LA, and Park West Apartments in Mobile, AL. The sales totaled $140 million.

Although all of these deals were in the Southeast, David St. Pierre, Legacy Capital Partners co-founder and managing director, tells GlobeSt.com that Legacy does not target geographies specifically in the region, but rather looks at opportunities where its operating partners have areas of geographic expertise. However, he says given the strength of Legacy’s operating partners in the region it expects to remain active throughout the Southeast.

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