Compliance & financial management
Pre-2003 to 2007. Bond and 9% LIHTC compliance and financial management across the Walden I and Walden II portfolios and more than 20 individual assets in Texas, Oklahoma, Arizona, and Florida.
The sponsor
Jack Traeger, Owner of Legacy Multifamily Development
More than 25 years across development, finance, construction, acquisition, and management of affordable and workforce housing.
A proven track record of partnership
Jack Traeger has a proven track record of establishing partnerships with architects, brokers, consultants, and lenders. Over the past 25 years, Jack has been involved with over 14,000 units and $900 million in real estate developments in various roles and increasing responsibilities, maintaining a focus on integrity and innovative solutions throughout the development process.
His real estate career spans more than 25 years across development, finance, construction, acquisition, and management. He previously worked with one of the top four national housing developers, later becoming their development partner, and was a founding member and CFO of a regional affordable housing management group with approximately 12,000 units under management across the southern United States.
Education and credentials
- B.B.A. in Finance and Real Estate, Baylor University
- Certified Public Accountant, licensed 1990 (currently inactive)
- Founding member & CFO, regional affordable housing management group (~12,000 units, southern U.S.)
- Former Construction Financial Management executive and development partner, top-4 national housing developer
- Prior experience with the Archon Group, a subsidiary of Goldman Sachs
Jack Traeger
Owner, Legacy Multifamily Development, LLC
Send Jack a message
- 14,207
- Total units
- $859.3M
- Bond & debt financing
- 63
- Properties
- 25+
- Years of experience
Career arc
Three roles, one deal, learned in order
The property schedule reads as a progression. Jack moved through the affordable housing capital stack rather than starting at the top of it.
Construction financial management
2015 to 2017. Construction financial management on eight new-construction communities in Greenville, Lake Dallas, Midland, Plano, Austin, Garland, and Cameron County, financed with bonds, 9% LIHTC, and direct loans.
Co-developer and owner
2020 to today. Sponsorship and ownership of three new-construction communities in Fort Worth, Denton, and San Marcos, totalling 761 units and $158.7 million in bond and debt financing.
At a glance
Key facts
- Name
- Jack Traeger
- Role
- Owner, Legacy Multifamily Development, LLC
- Based in
- Texas, United States
- Years of experience
- 25+
- Units involved with
- 14,207 across 63 properties
- Bond & debt financed
- $859,338,400
- Education
- B.B.A. in Finance and Real Estate, Baylor University
- Professional license
- Certified Public Accountant, licensed 1990 (currently inactive)
- Specialties
- Tax-exempt bonds, 4% and 9% LIHTC, Public Facility Corporation structures, Essential Function Bonds, construction financial management
- Joint venture partners
- Cohen-Esrey, RISE Residential, public investment REITs, Public Housing Authorities
- Contact
- Partnership inquiry form
In the press
“I like the area; it seems to be growing. I actually have some relatives that went to school at Texas State so I got familiar with it at one point in time and kind of grew attracted to it.”
New multifamily development coming to San Marcos
The project is being developed by Legacy Multifamily Development, LLC, and Cohen-Esrey Development Group, LLC.
Questions
About Jack Traeger
Who is Jack Traeger?
Jack Traeger is the owner of Legacy Multifamily Development, LLC, a Texas-based affordable and workforce multifamily development sponsor. Over more than 25 years in real estate development, finance, construction, acquisition, and management, he has been involved with 14,207 units and $859.3 million in bond and debt financing across 63 properties. He holds a B.B.A. in Finance and Real Estate from Baylor University and has been a Certified Public Accountant since 1990 (currently inactive).
What does Legacy Multifamily Development do?
Legacy Multifamily Development, LLC is a Texas-based multifamily sponsor and co-developer of new-construction and acquisition-rehabilitation affordable and workforce housing communities. The firm partners with experienced regional and national developers to structure tax-exempt bond, 4% LIHTC, and Public Facility Corporation (PFC) financed communities serving family and senior renter populations.
Who does Legacy Multifamily Development partner with?
Legacy Multifamily Development co-develops in joint ventures with experienced regional and national developers including Cohen-Esrey and RISE Residential, and has partnered with a public investment REIT, a local Public Housing Authority, and local investors on Public Facility Corporation transactions.
Partner with us
Work with Jack directly
Legacy Multifamily Development is a small, owner-led sponsor. Inquiries go straight to Jack Traeger, not to a business development team.