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Legacy Partners JV Completes $64M MF Asset, Land Acquisition

Be sure to check out and register for Connect Apartments, coming to L.A. on September 15.

Foster City, CA-based Legacy Partners and San Rafael, CA-based SyRES Properties acquired Renaissance Square, a 134-unit luxury apartment community and a 2.75-acre development parcel in Concord, CA. The JV bought the apartments for $59.5 million and the land for $4.5 million from Plano, TX-based Monogram Residential Trust.

The existing four-story complex near the Concord BART Station was completed in 2009, and features a pool and spa, fitness center, community room and kitchen, conference room space and outdoor lounge and grilling areas.

Construction of 180 additional residential units is slated to begin next month, with an expected completion in summer 2018. This phase will add a new leasing office, clubhouse, wine bar and demonstration kitchen.

SyRES Properties’ Glen Ceridono says Renaissance Square is aligned with a Bay Area urban lifestyle built around “walkable communities that are close to public transportation.”

For comments, questions or concerns, please contact Dennis Kaiser


Inside The Story

Connect with SyRES Properties’ CeridonoConnect with Legacy Partners’ David Eichler

About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

  • ◦Development
  • ◦Sale/Acquisition