Legendary Capital is a rapidly growing sponsor of non-traded REITs and Qualified Opportunity Zone funds. Legendary Capital’s programs are supported by a nationwide distribution syndicate comprised of broker/dealer firms, registered investment advisor firms, registered representatives and independent advisor representatives.
Lodging Fund REIT III (LF-REIT III) is a $100 million publicly reporting, non-traded real estate investment trust (REIT) focused on acquiring and operating a diverse portfolio of 80-to-200-room limited-, select-service and extended-stay hotels, with strong mid-market brands (Marriott, Hilton, Hyatt, IHG), primarily located in America’s heartland. LF-REIT III owns its properties through a taxable REIT subsidiary (TRS) structure, which allows it to own individual properties and the tenants operating those properties. The TRS structure generates two potential income sources from each property – one from lease revenue and one from operational net cash flow.
Virginia Beach Qualified Opportunity Zone (VAB-QOZ) is a $12 million Qualified Opportunity Fund which owns and intends to fully remodel the Crowne Plaza Virginia Town Center in Virginia Beach, Virginia.
Revive Opportunity Fund is a $250 million Qualified Opportunity Fund focused on acquiring and renovating 150-to-400-room full-service hotels in MSAs of at least 250,000. Assets selected for the portfolio will present potential for improved performance through combined renovations and operational enhancements.
Proudly headquartered in Fargo, North Dakota, Legendary Capital’s team embodies Midwestern values and work ethic. With decades of experience in hospitality, real estate, operations, finance and acquisitions, our team is uniquely qualified to identify and acquire properties with the potential to maximize cash flow and appreciation for shareholders. Everyone at Legendary Capital is steadfastly committed to one mission: Taking Care of the Capital.
Chairman and Chief Executive Officer
Chief Distribution Officer, Lodging Fund REIT III
Information about Private Offerings is available in the Blue Vault Database (for financial professionals only).
1635 43rd Street
Fargo, ND 58103