A strategic merger between Legacy Capital Partners and RMH Capital Group has resulted in a new investment platform focused on institutional-quality multifamily communities—Legacy RHM Capital.
“Our goal is to create a firm that combines deep industry experience with operational precision,” said David St. Pierre, president and CEO of Legacy RHM Capital. “Legacy RHM Capital is a fully integrated platform that combines the capital discipline of an institutional investor with the execution of an experienced owner-operator.”
The Cleveland-based firm combines a 21-year track record of real estate investments and decades of experience in capital markets, property management, and construction.
Legacy Capital Partners was founded in 2004 by St. Pierre and Mitchell Schneider, raising capital through multiple funds and investing in 78 real estate assets across 19 states. RHM Capital Group was formed two years ago by John Joyce, Ned Huffman, Jim Doyle, Preston Hoge, and Andrew Iarussi. Since its inception in 2023, it has closed six investments.
“We couldn’t be happier to combine forces with such a dynamic organization,” said Schneider, managing member of Legacy RHM Capital. “With the expertise and energy in our combined team, we are positioned to move quickly, execute effectively, and deliver results for our investors.”
The firm’s operations through the asset life cycle are supported by strategic relationships with RHM Real Estate Group for property management and its wholly owned subsidiary, Noble General Contractors.
“We believe the synergy will be outstanding,” added Joyce, managing member of Legacy RHM Capital as well as founder and CEO of RHM Real Estate Group. “Not only are we combining two highly successful organizations, we have built-in strategic relationships that strengthen our fully integrated model—helping us to create value for our investors, our residents, our partners, and our team.”
According to Legacy RHM Capital, it plans to continue expanding throughout markets in the Midwest and Southeast where strong fundamentals are supporting long-term renter demand. The firm has 3,541 multifamily units in its portfolio with a signed letter of intent for a 200-plus-unit community.