Legacy Real Estate Investments

What Legacy Real Estate Investments does

Legacy Real Estate Investments is a privately held commercial real estate private equity firm founded in 2005 by David C. Werts and headquartered in Draper, Utah. The firm sources, underwrites, acquires, manages, and disposes of office, retail, industrial, and multi-family properties across the Western United States, with active target markets in Phoenix, Salt Lake City, and Denver. Since inception, Legacy has acquired over $125 million in commercial real estate on behalf of itself and its clients and transacted more than $200 million in cumulative volume, managing a portfolio exceeding 1 million square feet across nine Western markets.

The firm operates a joint venture equity partnership model in which Legacy invests its own capital alongside high net worth individuals, families, pension funds, trusts, and corporate or institutional clients. Service offerings include acquisition and disposition execution, asset management (strategic oversight, budgeting, leasing), property management (day-to-day operations, tenant relations, accounting), and investment consulting for operating companies. The firm has no subsidiaries, no disclosed outside investors, and no institutional fund vehicles; it remains a founder-controlled boutique with 1-10 employees.

Legacy monetizes primarily through professional services: management fees on a sub-institutional portfolio and carried interest / co-investment economics on the value-add, stabilized, and opportunistic properties it acquires. Pricing and fee structures are not publicly disclosed, and the firm relies on its website and direct broker / lender relationships (Zions Bank, Security National Insurance, RGA Insurance Company, Jones Lang LaSalle, Newmark Grubb Acres, NAI Utah, Phoenix Commercial Advisors) for deal flow. The go-to-market motion is sales-led and relationship-driven, with no digital marketing infrastructure beyond a basic content website.

Name

Legacy Real Estate Investments

Legal name

Legacy Real Estate Investments, Inc.

Website

https://legacyreinvestments.com

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

1–10 employees

Short description

Legacy Real Estate Investments is a privately held, founder-led commercial real estate private equity firm based in Draper, Utah that acquires, manages, and disposes of office, retail, industrial, and multi-family properties across the Western United States through joint venture partnerships with high net worth individuals, families, pensions, trusts, and institutional clients.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Private Equity

NAICS

Lessors of Other Real Estate Property (53119), Other Activities Related to Real Estate (531390)

SIC

Real Estate Dealers (For Their Own Account) (6532), Real Estate Agents & Managers (For Others) (6531), Investors, Nec (6799)

akta.pro industry

PRIMARYBPAJAMAK

Real Estate Investment Management (Acquisitions & Dispositions)

Business & Public Services/Real Estate Services (Brokerage, Property Management)/Real Estate Asset & Portfolio Management

SECONDARYBPAJAMAJ

Real Estate Portfolio & Fund Management (Institutional/REIT/PE)

Business & Public Services/Real Estate Services (Brokerage, Property Management)/Real Estate Asset & Portfolio Management

SECONDARYBPAJABAL

Capital Markets Advisory (Equity Placement, JV & Recapitalization)

Business & Public Services/Real Estate Services (Brokerage, Property Management)/Commercial Real Estate Brokerage

Keywords

• Commercial real estate investment
• Real estate private equity
• Commercial property acquisition
• Asset and property management
• Real estate consulting services

Headquarters

HQ city

Draper

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Commercial Real Estate Private Equity: The firm generates revenue by acquiring, managing, and disposing of commercial real estate assets in the Western United States. Legacy acquires properties and generates returns through rental income, property appreciation, and profitable dispositions. The firm also earns management fees and participates in joint venture equity partnerships.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Legacy Real Estate Investments is a commercial real estate private equity firm that acquires, manages, and disposes of office, retail, industrial, and multi-family properties in major Western U.S. markets. The firm forms joint venture equity partnerships with investors and invests its own capital alongside clients to align interests. Supporting capabilities include asset management, property management, and private equity/venture capital consulting for operating companies.

Product overview

Legacy Real Estate Investments is a commercial real estate private equity firm offering investment, management, and consulting services. The core product portfolio includes acquisition and management of office, retail, industrial, and multi-family commercial real estate properties throughout the Western United States, with current focus on Phoenix, AZ, Salt Lake City, UT, and Denver, CO markets. Supporting services include asset management (strategic oversight, budgeting, leasing) and property management (day-to-day operations, tenant relations). The company was founded in 2005 and has acquired or sold over $200 million in commercial real estate assets on behalf of investors and clients.

Differentiator

Problem solved

Functional benefit

Products and services

• Commercial Real Estate Investment Services Private equity investment, acquisition, disposition, and ongoing management of office, retail, industrial, and multi-family commercial real estate properties throughout the Western United States, structured primarily through joint venture equity partnerships.
• Asset Management Strategic oversight and management of commercial real estate assets including budgeting, strategic planning, contract negotiations, property management oversight, and leasing staff oversight for investor clients.
• Property Management Day-to-day operations management for commercial real estate assets including contract services, tenant correspondence, billing, accounting, and owner reporting.
• Investment Consulting Private equity and venture capital consultation for operating companies where direct involvement and management can improve profitability.

Quantifiable outcome

• Over $125 million in commercial real estate acquired since 2005
• +3 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered major, minor and core.

• Jones Lang LaSallemajorChannel Partner/ Reseller/ Distributor · 29 November 2017Jones Lang LaSalle marketed the Kellogg Building for sale by Patrick Devereaux. Financing was arranged by Jones Lang LaSalle and provided by RGA Insurance Company.
• Newmark Grubb AcresminorChannel Partner/ Reseller/ Distributor · 7 July 2017Bryce Blanchard of Newmark Grubb Acres in Salt Lake City, Utah marketed the Legacy Plaza at 54th parcels for sale.
• The Boyer CompanycoreStrategic or Co-development Partner · 11 March 2015The Boyer Company was involved in the off-market transaction for Legacy Plaza at 54th acquisition. Legacy acquired this off-market 16-acre shopping center through this partnership.
• City of TaylorsvilleminorStrategic or Co-development Partner · 11 March 2015The City of Taylorsville was part of the Legacy Plaza at 54th off-market transaction, working with Legacy and The Boyer Company on this redevelopment project.
• Phoenix Commercial AdvisorsminorChannel Partner/ Reseller/ Distributor · 25 October 2012Chad Tiedeman with Phoenix Commercial Advisors marketed Three Fountains Plaza in Mesa, Arizona on behalf of the seller CW Capital.
• NAI UtahminorChannel Partner/ Reseller/ DistributorNAI Utah assisted Legacy with signing long-term leases for the Sherwin Williams Building in Orem, Utah, helping to lease 75% of the vacant building to quality credit tenants.

Scale indicators4 records

Recent moves6 records

Expansion highlights3 records

Direct peers

• Mark IV Capital: Boulder, CO-based boutique CRE investor focused on office, industrial, retail, and multifamily in Western US markets. Comparable scale and asset-class breadth, with similar value-add and opportunistic strategies.
• Westwood Holdings: Private real estate investment manager focused on Western US commercial properties across office, retail, industrial, and multifamily. Similar boutique PE structure and Sun Belt/Western US concentration.
• Dividend Capital Group: Denver-based boutique commercial real estate investment manager focused on Western US markets. Pursues value-add and stabilized strategies in office, industrial, retail, and multifamily — directly comparable in geography, asset class mix, and firm size.
• Brookwood Financial Partners: Beverly, MA-based boutique CRE investment firm that targets value-add and opportunistic acquisitions across the US. Comparable in firm scale, investment strategy, and the GP-co-invests-with-LPs model.
• RealNet Investments: Legacy has acquired multiple shopping centers (Lochwood, Bandera Trails, Bowles Avenue, Carmel Court, Oaklandon, WestPointe) on behalf of RealNet, indicating a closely aligned investment program in secondary-market retail. Highly comparable in product type and Western US focus.
• ScanlanKemperBard Companies: Western US commercial real estate investment firm where founder David Werts was previously SVP of Acquisitions and Dispositions. Operates a near-identical model of acquiring and managing office, retail, and industrial properties across the Western US, making it the most direct comparable.
• Cardinal Capital Partners: Boutique commercial real estate investment firm pursuing opportunistic and value-add acquisitions in secondary and tertiary Western US markets. Highly comparable boutique PE structure and Western US geographic focus.

Broad incumbents

• Crow Holdings Capital: Dallas-based CRE investment manager with diversified strategies across the Sun Belt. Larger and more institutional than Legacy but pursues the same value-add commercial property thesis in growth markets across the Western US.
• Pillar Income Asset Management: Dallas-based CRE investment manager with a diversified portfolio of office, retail, and multifamily. Larger but pursues a comparable multi-product CRE investment strategy with similar geographic concentration in growth US markets.

Emerging players

• Anchor Health Properties: Healthcare-focused CRE investment and management firm. Comparable in the boutique scale and direct JV equity partnership model, though narrower in asset class focus to medical office.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/profile.php
• LinkedInlinkedin.com/company/legacyrealestateinvestments

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Legacy Real Estate Investments