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Chief Distribution Officer Returns to Legendary Capital

Chief Distribution Officer Returns to Legendary Capital. Rick Vitale

Legendary Capital LLC, a sponsor of private real estate investments focused on the hospitality sector, announced the return of Rick Vitale as its chief distribution officer.

Having previously served as chief distribution officer at Legendary Capital for five years, the company says Vitale played a “pivotal” role in shaping the company’s growth and strategic direction during his tenure.

“I am absolutely delighted and grateful to re-associate myself with the innovative and highly competent team at Legendary Capital,” Vitale said. “The company’s approach to property acquisitions is importantly different from your typical REIT offering. I look forward to reinvigorating the activity of the company’s selling syndicate member firms and expanding the universe of participating broker-dealer and RIA firms for Legendary Capital’s investment offerings.”

Vitale has previously held executive and equity ownership positions in multiple investment sponsor firms. He most recently served as executive vice president of sales and business development at InvestX, a sponsor of private equity offerings, where he was responsible for overseeing the firm’s entire distribution team and engaging with and increasing the firm’s broker-dealer and RIA selling syndicate.

“I’ve spent more than 30 years working for real estate-based alternative investment sponsors,” Vitale said. “I strongly believe in Legendary Capital’s property acquisition strategy to not simply add income-producing assets to its REIT portfolio, but to accomplish that in a manner that is potentially immediately accretive for its investors.”

Through its affiliated entities, Legendary Capital has acquired more than 30 hotels in its portfolio, primarily targeting 80-to-200 room limited-service, select-service, full-service and extended-stay hotels in America’s heartland. The company is headquartered in Fargo, North Dakota.

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