A February 1, 2018 article in Forbes Magazine listed the best cities to invest in housing in 2018, and Orlando, Florida is the #1 city on the list. That’s right fellow Central Floridians, the City Beautiful is the very best place to invest in residential real estate in all of America. Forbes projects Orlando property values to increase by a whopping 35% over the next 3 years! The article can be seen here:
Timing, they say is everything, and Legion Capital is once again in the right place at the right time. In 2017, Legion began targeting select residential development investments throughout Central Florida, and has already begun building a significant portfolio of projects, closing two sizable residential development deals in just the past 2 weeks. Legion has a number of other projects in the pipeline, and our footprint in the Orlando area residential market is rapidly expanding.
Do we have a crystal ball? No, but Team Legion began identifying this tremendous opportunity some time ago, and we now have the proverbial tiger (or is it a giant Mouse?) by the tail. As we continue to expand our real estate holdings throughout 2018, we look to benefit tremendously during this new boom market over the next 36-48 months.
Legion has significant holdings in residential real estate throughout Central Florida, including investments in land, development, construction and infrastructure. Of course, we also own our own title company, Legion Title, and we look for that business to greatly benefit from soaring prices and a dramatic increase in number of transactions closed in 2018 and 2019.
With Legion’s integrated investment and ownership approach, we look to be deeply involved across the entire spectrum of real estate, including land acquisition and entitlements, infrastructure, raw materials, construction, sales and closings. This allows us to cross-pollinate business units within the Legion portfolio holdings, and organically feed growth across our entire platform as a result. We expect residential real estate, with a focus on Central Florida, to significantly enhance our revenues and earnings over the next several years.
So, Orlando, click the heels of those ruby slippers, and repeat after me:
There’s no place like home!
By: Jim Byrd
Legion Capital Chairman and CEO