Invest beside two Army veterans who put their money in first.
One commitment to the L5 fund: value-add hotels, workforce housing, self-storage and mixed-use real estate in Texas and Louisiana growth corridors. Our money goes in first. You get paid first.
A private conversation with Byron Kizzie, Managing Partner. No pitch. Bring your spouse or CPA.
You can't see the sponsor's hand. That's the problem.
Most private real estate is sold by people with nothing of their own in the deal. Fees come off the top before you see a dollar. The numbers are polished, the exit is vague, and once your money is in, the phone stops ringing.
Typical sponsor
- Little or none of their own money in
- Fees paid first, whatever happens
- Exit decided later
- A sales team between you and the operator
L5 Legacy Capital
- Our money goes in first
- You get paid first: preferred return
- Exit planned before we buy
- Every first conversation is with Byron
Built for people who earned their wealth the hard way.
High income, little time, and every April a bigger tax bill.
Tired of being pitched by people who've never carried a mission.
Wealth tied up in one company and one market you can't diversify.
Retirement money sitting in funds you can't see or influence.
The firm is new. The builders aren't.
L5 Legacy Capital opened to investors in 2026, after more than 15 years of Byron and Melynda building and investing with their own money.
Real estate development and private equity, through the 2006 boom and the 2008 downturn
Property acquisitions overseen by Byron Kizzie
Realized equity multiple on a $2.25M Northeast Louisiana project, in under 15 months
Deals reviewed for every two to five we take
Who is behind your capital?
Two U.S. Army veterans, partners in business and in life. They started with hard hats and hammers in their hands, long before raising outside capital.
Byron Kizzie
Byron underwrites every deal, structures the capital, builds the lender relationships and plans the exit before we buy. Every first investor conversation is with Byron.
- ■20-year U.S. Army veteran
- ■Corporate leader in the defense sector
- ■15+ years in real estate development and private equity
- ■Delivered $4M+ residential and $5M+ commercial and hospitality projects
“Whenever you invest with us, we'll treat your money just like our money.”
Dr. Melynda Kizzie
Melynda leads the front end: finding the deals. She focuses on institutional strategy and community impact in growth corridors.
- ■U.S. Army veteran
- ■MBA
- ■Doctorate in Organizational Leadership
- ■Real estate developer
“We always make it a point to pay our investors first, because you are the ones who trusted in the vision.”
Our money goes in first. So every deal has to pass five gates.
We say no 95 times so we can say yes to you: about 100 deals reviewed for every two to five we take.
A growing corridor
Texas and Louisiana corridors anchored by military installations, universities and expanding infrastructure.
A fixable problem
The property underperforms for a reason we can fix: operations, branding, management or capital improvements.
Income before appreciation
We underwrite the income a property can produce before counting on any appreciation.
2.0x standard
Every project is underwritten to a target equity multiple of 2.0x or better over a five-year hold.
Two exit paths
Sale or refinance, both mapped before we sign the purchase agreement.
Where others overlook. We build the value.
Commercial property is valued on its income. We buy real estate that underperforms for reasons a disciplined operator can fix.
Boutique Hospitality
Boutique and branded hotels where branding and professional operations lift room rates and NOI.
Workforce Multifamily
Well-located apartments improved through upgrades and better management.
Self-Storage
Better management, pricing and upgrades to lift occupancy and NOI.
Commercial & Mixed-Use
Community retail and mixed-use along growing corridors.
Adaptive Reuse
Ground-up and redevelopment projects in underserved markets.
Illustrative photos of each asset type, not L5 properties. Hotel Texas Fort Worth (1 of 1) by Renelibrary (CC BY-SA 4.0) · One-by-five Apartments Austin, TX by Sk5893 (CC BY-SA 4.0) · Affordable Self Storage by Social Woodlands (CC BY 2.0) · Historic Downtown McKinney by Mistermckinney (CC BY-SA 4.0) · Warehouse Lofts Milwaukee by Dori (CC BY-SA 3.0 us), via Wikimedia Commons.
Northeast Louisiana boutique hotel
A shovel-ready, brand-committed hotel in a growing corridor with limited upscale rooms. Hospitality, mixed-use and value-add, placed in the L5 fund.
Pipeline: self-storage in Huntsville, TX (being placed) and Longview, TX (under evaluation).
The mayor asked for homes. The L5 team built them.
Working families in Northeast Louisiana needed homes they could afford to buy. After a town hall, on land from a local mentor, the team pre-qualified buyers before breaking ground and partnered with local lenders on closing-cost assistance.
Built with our own hands first.
Hawaii
As a military family, built a first home for under $320,000 and a second for under $580,000. Both sold within 60 days for more than $400,000 combined profit.
Virginia build-to-rent
25 acres. Three test homes first, and a waiting list of renters before construction finished.
Northeast Louisiana
$2.25M workforce housing, 1.5x realized. A second phase is still to come.
2026: L5 opens to investors
The $15M L5 fund, so others can invest beside us.
One commitment. Several vetted projects.
You make one commitment to the fund. We find, underwrite and operate the projects, and we publish every project we place in it.
- 01Initiate a conversation with Byron
- 02Review the private investor briefing
- 03Verify accredited status on InvestNext
- 04Fund by wire or self-directed IRA
- 05Quarterly updates, investor meetings and K-1s
Full terms and disclosures: read the fund terms →
Am I an accredited investor?
Many professionals meet a test without realizing it. The SEC's main tests for individuals:
- Income: over $200,000 a year ($300,000 with a spouse or partner) in each of the last two years, expecting the same this year.
- Net worth: over $1 million, alone or with a spouse or partner, not counting your primary home.
- Credentials: an active Series 7, 65 or 82 license.
An educational guide only. Your status is formally verified on InvestNext before you invest.
Did you earn more than $200,000 ($300,000 jointly) in each of the last two years?
And do you expect the same this year?
Considering another sponsor? Get a second look from Byron.
Get our Sponsor Due Diligence Checklist: the questions to ask before you invest a dollar. Use it on any sponsor, including us. Then, if you'd like, send Byron the deck you're weighing for a straight, private read.
- 1.Is the sponsor's own money in the deal, and does it go in first?
- 2.Who gets paid first, and what are every one of the fees?
- 3.What are the debt terms and the underwriting assumptions?
- 4.What's the exit plan, and what happens if it slips?
Get the checklist
Free. Sent to your inbox in a minute.
What investors ask us first
The firm is new. The builders aren't. Byron and Melynda have more than 15 years of building and investing, you deal directly with them, and their own money goes into the fund first.
Build the legacy you'll hand down. Start with one conversation.
We prefer deep conversations over quick pitches. Tell us what you're building and who it's for.
- 1.A short form
- 2.A calendar invite
- 3.A private conversation with Byron
- 4.Your investor briefing and verification
Or call(469) 960-3505