Page 40 - Legacy International Executive Summary

legacy international case studies
MULTI-FAMILY CONDOMINIUM RESORT COMMUNITIES
SCOPE
Multi-family Condominium Resort Communities
SIZE
3000 units
PROJECT DESCRIPTION
From 2009-2014 there was a unique opportunity in the market to work with banks, developers and other lender partners to purchase distressed, and in some cases, uncompleted Condominium properties. This resulted in over 53 di erent communities across the U.S. in 9 di erent states being acquired. We managed all key aspects of permitting, due diligence, construction, sales and marketing platform development and closings. Operating in 9 di erent states and in multiple locations simultaneously, brought some challenges not seen in the traditional Master Planned Community scenario. Di ering market segments, di erent product lines and challenging consumer needs and wants required many di erent types of sales process’ and marketing e orts, each one being unique. Not the least of the unique aspect of this platform was the hiring, relocation and continued sta ng of the multiple properties. This was achieved through various networking relationships, referrals and local talent acquisition. Over the course of the 5 years, we were able to sustain annual sales in excess of $100 million per year with over 3000 closings in 53 di erent communities.
24
RESORT
• LUXURY RESIDENTIAL •
ACTIVE ADULT •
METROPOLITAN