The new firm is supported by several other strategic relationships, including one with RHM Real Estate Group and its subsidiary, Noble General Contractors, two other Joyce outfits that will act as an in-house team to provide property management services and construction management on future projects.
The other key relationship Legacy RHM Capital will leverage is its connection to Bellwether Enterprise Real Estate Capital. That business, founded by Huffman in 2008, grew to a $55 billion servicing portfolio and $15 billion in annual originations. Doyle will still retain his position on Bellwether’s Enterprise Real Estate Capital’s Cleveland production team.
“Bellwether has access to every type of debt financing you need on a permanent loan basis,” Huffman said. “It’s a great ongoing relationship that will continue to be an added benefit of this group getting together.”
Several former Bellwether alums will comprise Legacy RHM Capital’s six-person team led by St. Pierre, including Hoge as director of investments and Brandon Kosek as vice president of investments.
The other three employees at the firm’s launch are Helen Qin as vice president of investments, Barb Rauhe as chief financial and operating officer and Ross Ferfuson as vice president of asset management.
“You’re bringing together several successful founders of companies all under the same roof to go out there and make an impact by having a vertically integrated organization to buy real estate,” Schneider.
While Legacy RHM Capital’s first investment as a new firm is still under wraps, Legacy RHM Capital will prioritize investments in the Midwest and Southeast regions.
“It all starts with finding the right opportunities where we can deliver strong returns and create a positive impact on the communities we invest in,” St. Pierre said. “ We’ve built a great team, and that puts us in a strong position to move quickly and make smart, informed decisions when those opportunities arise.”
