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Legacy Developers Website
Legacy Developers Overview
Legacy Developers stands at the forefront of the real estate development industry, specializing in building premier self-storage facilities across the United States. With a legacy of excellence in construction and development, our team of seasoned professionals brings unparalleled expertise to each project. Every development we undertake is meticulously planned and executed, resulting in high-quality, high-performing assets.
Our services extend from identifying potential sites and navigating through due diligence to obtaining the necessary permits and overseeing the construction process. We remain committed to sustainable and eco-friendly building practices, ensuring our projects not only meet but exceed industry standards.
Additionally, we provide property management solutions, maintaining the quality and value of our facilities while maximizing profitability. We believe in forging strong relationships with our investors, communities, and industry partners, fostering an environment of collaboration and mutual growth. Join us in shaping the future of the self-storage industry.
Address
75 N Haddon Ave
Haddonfield,
New Jersey
08033
Year Founded
N/A
Operates In
New York
New Jersey
Texas
Florida
Ohio
Asset Classes
Development
Storage
Accepted Investors
Accredited
Kurt N.
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"Total Lack of Financial Transparency"
I invested with Legacy Developers in a single self-storage development project located in Ohio. The primary reasons for this investment were the asset class, the specific location, and the promise of immediate distributions from day one. This syndication was originally promoted by Cornell Capital Holdings, but they have since completely ceased communication and disappeared from the reporting channel. The project has experienced substantial delays at every phase, including entitlements, permitting, construction, and the current lease-up period. While construction is now complete and lease-up is in progress, the financial management of the project is unclear. I don't know how the sponsor funded cost overruns. It appears they paid two years of regular distributions by essentially returning a portion of the limited partners' own invested capital, then all distributions stopped. Reporting from Legacy Developers has been irregular, very short, and lacks transparency, with no formal financial information shared with investors. Given the current status and lack of financial clarity, I am expecting a substantial loss of capital with no clear exit strategy in sight. I would certainly not invest with Legacy Developers again.
