Florida RE Investment Firm Recapitalizes Legacy Partners

Preston Butcher, the founder of Legacy Partners, will continue as chairman of the recapitalized Legacy Partners.

FOSTER CITY, CA—Locally-based national real estate development firm Legacy Partners reports that Naples, FL private equity real estate investment and development firm Collier Enterprises has recapitalized the firm that will enable the private enterprise to continue and in fact expand its operations.

No financial terms of the recapitalization were released. Legacy Partners, which has more than 50 years of multifamily development and management experience across the US, states that the financing deal with Collier Enterprises “will enable the real estate firm to continue their activities, which previously have occurred primarily in the Western United States, as they continue to expand with the recent opening of Orlando, Florida, and acquiring property for development in Hawaii.”