Year: 2023

[vc_row][vc_column][vc_column_text]Legacy Automotive Capital (Legacy) recently completed the sale/leaseback of Kia of West Nyack and Clifton Park CDJR in partnership with one of the country’s fastest growing dealer groups, Dennis & Co. Automotive Group (Dennis & Co.). Chelsea Mandel, founding partner of Ascension real estate advisory firm, advised Dennis & Co. on the transaction.

Dennis and Co., with stores in Manhattan and the surrounding greater New York City MSA, utilized Legacy’s sale-leaseback program to access the “Real Estate Blue Sky” or growth capital trapped in its real estate holdings. Dennis & Co. will use the proceeds to support its existing dealership footprint and to fund its future Buy/Sell expansion efforts.[/vc_column_text][vc_row_inner css=”.vc_custom_1690142877182{padding-top: 25px !important;padding-right: 25px !important;padding-bottom: 25px !important;padding-left: 25px !important;background-color: #d8d8d8 !important;}”][vc_column_inner width=”3/4″][vc_column_text]Brian Dennis, Dennis and Co.’s CEO stated: “We continue to be focused on expanding our dealership network and Legacy offered a way to provide us with a competitive advantage in the Buy/Sell marketplace by unlocking the value in our real estate. Legacy offered the most competitive terms by a significant margin and was able to execute and close quickly. We look forward to partnering with them on future deals”.[/vc_column_text][/vc_column_inner][vc_column_inner width=”1/4″][mpc_image image=”31878″ image_opacity=”100″ image_inner_border_gap=”0″ effect=”none” image_hover_opacity=”100″][vc_column_text]

Brian Dennis

[/vc_column_text][/vc_column_inner][/vc_row_inner][vc_empty_space height=”25px”][vc_column_text]Legacy, which has raised a $1.5bb fund to purchase New Car Franchised dealership real estate, added these two assets to what was a record-breaking quarter for the young company. CEO Benjamin Catanese stated: “It was a pleasure to work with Brian and his team on this transaction as they understand the importance of building the most efficient capital stack in the hyper competitive market for dealership Buy/Sells. We will certainly work together again in the near future.”[/vc_column_text][vc_empty_space height=”25px”][vc_row_inner][vc_column_inner width=”1/2″][mpc_image image=”31887″ image_opacity=”100″ image_inner_border_gap=”0″ effect=”none” image_hover_opacity=”100″][/vc_column_inner][vc_column_inner width=”1/2″ css=”.vc_custom_1690143054324{padding-top: 25px !important;padding-right: 25px !important;padding-bottom: 5px !important;padding-left: 25px !important;background-color: #d8d8d8 !important;}”][vc_column_text]Real Estate Blue Sky: The hidden value dealers have in their real estate in excess of appraised value.[/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row]

[vc_row][vc_column width=”2/3″][vc_column_text]Legacy Automotive Capital had an exciting first year, surpassing our target and we are conducting an annual survey to gauge dealer feedback on the market.

We will share the results with everyone upon completion.[/vc_column_text][/vc_column][vc_column width=”1/3″][vc_btn title=”TAKE OUR SURVEY” style=”custom” custom_background=”#062060″ custom_text=”#ffffff” link=”url:https%3A%2F%2Fdocs.google.com%2Fforms%2Fd%2Fe%2F1FAIpQLSfB-1UrhraPP7NyAQ9FqhbSmQMgkr8iy0io9R5ayJ_l-ZtlMw%2Fviewform|target:_blank”][/vc_column][/vc_row]

Legacy Automotive Capital is thrilled to open our new HQ office to support our growing team and business!

The new office is situated in the suburbs of Philadelphia, in a central location that we felt would allow for the most future growth. We are excited to expand our footprint by leveraging this space to meet our future goals and can’t wait to work with you along the way.

LEGACY AUTO CAPITAL + REAL ESTATE BLUE SKY = MAXIMUM VALUE FOR NEW CAR DEALERSHIP REAL ESTATE.

[vc_row][vc_column width=”2/3″][vc_column_text]The NYSADA Webinar Event on March 8th of 2023 was a great success. The event, titled “The Urgency of Succession, Estate Planning, and the other Blue Sky: Real Estate Sale and Leasebacks” was led by Todd Marcelle of Legacy as well as Leonard Bellavia, Esq.

More information about the success of the event will be coming soon. Thanks for your patience.[/vc_column_text][/vc_column][vc_column width=”1/3″][vc_single_image image=”31829″ img_size=”full”][/vc_column][/vc_row]