CEO:SalvadoreLecesse
Web:www.lecesse.com
Status:Private
Activity
Closings: 2012355
Revenue: 2012$129 (in millions)
What they built in the U.S.
Detached for sale
Other for sale355
Regions:Midwest, Northeast, South
The LeCesse Development Family of Companies acquires and manages multifamily properties in select growth communities.
Although LeCesse’s primary focus has been multifamily residential development, the company’s portfolio has also included Class A office space, health care, senior housing and a variety of industrial, institutional and commercial enterprises. Clients and tenants have included Fortune 500 leaders such as Citibank, Chase, IBM, Xerox and General Motors. LeCesse Development Corporation and its affiliates have developed and built real estate income properties with a value of over $1.5 billion.
A National Association of Home Builders “Top 100” builder, LeCesse has been involved in the design, development, construction and acquisition of over 15,000 units of multifamily housing. LeCesse Development properties have maintained a reputation for quality in design and construction. Every property is developed with sensitivity to the lifestyle, needs, and comforts of its residents. Our legacy of quality, service, and integrity is a benefit to our investors, employees, residents and shareholders.
Since 1970, LeCesse Development Corporation and it's affiliates have developed and built real estate income properties with a value of more than 1.5 billion dollars. Although, LeCesse's primary focus has been multifamily residential development, the company's portfolio has also included Class A office space, health care, senior housing and a variety of industrial, institutional and commercial enterprises. Clients and tenants have included Fortune 500 leaders such as Citibank, Chase, Eastman Kodak, IBM, Xerox and General Motors.
Organized and operated by Salvador F. Leccese, LeCesse develops award winning multifamily properties. A National Association of Home Builders "Top 100" builder, LeCesse has been involved in the design, development, construction and acquisition of more than 15,000 units of multifamily housing. LeCesse properties have maintained a reputation for quality in design and construction. Every property is developed with sensitivity to the lifestyle, needs and comforts of its residents.
Sound financing and strong management are key ingredients to the long-term success of any property, at least as important as design and construction. The principals of LeCesse have been instrumental in the financing of more than forty properties involving more than $1.5 billion in debt and equity. Financing for LeCesse properties has come from almost every conceivable source including institutional joint ventures; banks and other traditional lenders; large and small scale equity investments; and federal, state and local government. Local charities and foundations have provided debt, equity and seed money for redevelopment projects and affordable housing. LeCesse is able to draw on its extensive background in project finance in crafting the most effective financial structure of each new project.
Effective property management is critical to the success of any project. The principals of LeCesse and its property management affiliate, Cambridge Management Services Inc., have been involved in the management of multifamily properties for more than 30 years. LeCesse owns and or operates more than 5,600 units of residential properties in New York, Rhode Island, Florida, Minnesota, Virginia, Texas, and has more than 2,000 additional units in the development pipeline.
LeCesse and Cambridge have the experience, the expertise, and the track record to enable them to maximize the opportunities to develop, acquire and manage multifamily properties.
Salvador F. Leccese is the CEO of LeCesse Development Corp. Established in 1952, the LeCesse organization has grown from a small building contractor in Rochester, NY to a multi-state developer and owner of award winning multifamily properties.
Headquarted in Altamonte Springs, FL, LeCesse Development is a well-respected real estate developer with forty years of experience in the development, construction and financing of multifamily properties. An overview of LeCesse’s accomplishments includes:
More than 20,000 residential units developed in the United States
$2.5 billion of completed income producing projects
7,000 apartment units currently owned or under management
Ranked within the nation’s top 100 Largest Home Builders by Professional Builder
Ranked within the 20 Top Builders by the National Association of Home Builders
Ranked within the Top 200 Private Companies by Florida Trend Magazine
LeCesse’s award winning properties have maintained a reputation for quality in design and construction. LeCesse’s properties have won awards by numerous organizations including the National Association of Home Builders that include:
Best Interior Design of a Clubhouse
Best Curb Appeal
Best Interior Design of a Model
Best Mixed Use Community
Garden Apartment Community of the Year
LeCesse has an impressive track record of strong performance. The company has completed twenty-seven projects since 1995. Average development costs have exceeded $30 million. Investors have earned an average return in excess of 20%.
The pipeline for new projects remains strong with over 1,000 units. LeCesse maintains a concentrated development strategy that includes:
Strategic locations
Institutional quality apartment product
Pedestrian friendly communities with stylish designs and features
Spacious floor plans and exceptional community amenities
Projects that are completed on time and within budget