Legacy Partners

Development and acquisition decisions are led by regional Senior and Executive Managing Directors who operate with significant autonomy in their respective territories — including David J. Eichler in Northern California, Timothy J. O'Brien in Southern California and the Southwest, and Matt Brendel in Texas and the Southeast. All report to CEO and President Guy K. Hays, who has overseen acquisition, development, and financing of more than 30,000 units exceeding $5.8 billion in cost since the 1980s (per the firm).

Legacy Partners is not a family office. It is a privately held, vertically integrated real estate developer and operator. The firm develops its own multifamily projects, acquires existing communities, and provides in-house property management for its portfolio. It was originally part of Lincoln Property Company's Western Region before becoming an independent entity.

Historically concentrated in the Western United States — California, the Pacific Northwest, Colorado, and Nevada — the firm expanded into Florida and Hawaii following a 2019 recapitalization with Collier Enterprises. It now operates in the Sunbelt as well, with an office in Dallas covering Texas and the broader Southeast region.

Yes. In addition to managing its own portfolio of more than 50 communities, Legacy Partners provides management services for other owners. The combined managed portfolio exceeds 12,000 apartment homes valued in excess of $3 billion (per the firm).

Deal sourcing is distributed among regional Managing Directors who are responsible for site selection, feasibility, entitlements, equity sourcing, and strategic planning within their territories. The firm develops on its own balance sheet and through joint ventures with institutional partners, including major financial institutions and life insurance companies.