News

Legacy Automotive Capital (LEGACY) is pleased to announce two AutoNation acquisitions – AutoNation Honda Property of Chandler, Arizona and AutoNation Hyundai Property of Tempe, Arizona.

Legacy Automotive Capital (LEGACY) recently partnered with McGovern Automotive, a Top 150 Group, to acquire a portfolio of assets in Massachusetts (Hyundai Brockton, Leominster and a Collision Center in Shrewsbury). The portfolio adds to Legacy’s growing New England portfolio.

Legacy Automotive Capital was recently featured in Autonews, highlighting their effectiveness unlocking Real Estate Blue Sky in Buy/Sells.

Legacy Automotive Capital (LEGACY) is pleased to announce the successful acquisition of South Austin Nissan in partnership with IDEA Auto Group (IDEA).

Legacy is pleased to announce our latest deal in 2024 with the acquisition of Foothills Mazda / Lincoln in Spokane, Washington. With this acquisition, Legacy has now expanded into the Pacific Northwest.

Legacy is pleased to announce the acquisition of Audi and Volkswagen of Reading adding Garnet Auto Group to its growing Northeast Portfolio.

Check out the latest article in Automotive News covering our growth in real estate partnerships with dealers.

Our recent New Car Dealer poll revealed that the most pressing issue dealers are facing today is the variable interest rate environment specifically as it relates to Blue Sky, Working Capital and Floor Plan loans.

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.

Legacy Automotive Capital (Legacy) is pleased to announce the acquisition of Mission Viejo Infiniti located in Orange County, CA in partnership with Brett Oubre.

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.

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.

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.

‘Real Estate Blue Sky’ is a term coined by Legacy Automotive Capital to describe the intangible value that a New Car dealership property holds in addition to its physical attributes or based on the comparable sales of similar properties typically used in the appraisal process.

First and foremost, I would like to acknowledge and thank all our Dealer Partners for what was a remarkable 2022. Legacy successfully launched its latest real estate fund in May with a specific charter of buying the real estate associated with New Car franchised dealerships.

LAC’s own Todd Marcelle was interviewed by Karly Iacono of CBRE Fast Five to discuss how dealers can unlock the true value of their real estate with Legacy Automotive Capital.

Legacy Automotive Capital was in Automotive News this week where CIO Todd Marcelle shared his view on the growing demand for sale/leaseback capital and how dealers are maximizing real estate values.

Legacy Automotive Capital finalizes a sale/leaseback with a regional dealer group through its acquisition of a Subaru dealership property in the Northeast US. The acquisition adds another property to Legacy’s growing dealership portfolio.

Legacy Automotive Capital re-capitalizes a regional dealer group through its acquisition of 2 Honda dealership properties in the Northeast US. The acquisition adds 2 properties to Legacy’s growing dealership portfolio.

Legacy Automotive Capital is aiming to deploy $500 million over the next 36 months by assisting dealers in acquiring property in buy-sell transactions or providing them capital via a dealership sale-leaseback.