After You Invest, Most Sponsors Go Quiet. We Don't.
At L5 Legacy Capital, a veteran-led real estate firm in Frisco, Texas, funding is where the relationship starts. Fund investors receive a quarterly investor update, a monthly newsletter, statements and annual K-1s in the InvestNext portal, distributions when projects pay them, a planned exit and a direct line to the founders.
By Byron Kizzie, Managing Partner · Updated October 2026
A private conversation with Byron Kizzie, our Managing Partner. No pitch. No pressure.
What will I receive, and how often?
Material news, good or bad, comes from us directly, not in a footnote next quarter, so you're never the last to know.
| What | When | Where |
|---|---|---|
| Quarterly investor update: project status, distributions, performance | Every quarter | InvestNext portal & email |
| Financial reporting: income, expenses, NOI against plan | Every quarter, in the update | InvestNext portal |
| Quarterly investor meeting: founders walk through projects & take Qs | Every quarter | Live, with the founders |
| Annual investor gathering: year in review & what's next | Every year | In person, with founders & fellow investors |
| Monthly newsletter: upcoming projects, updates, trends | Every month | |
| Distributions: generated per offering documents | When projects generate them | InvestNext direct deposit or SDIRA custodian |
| Schedule K-1 | Annually | InvestNext portal |
| New fund projects | As placed in the fund | Published to investors |
Picture the quarterly update
Your phone shows a new report in the portal. You open it over coffee. Photos of the finished rooms and the new signage. Occupancy and rate against plan. Income, expenses and NOI, laid out plainly. A short note from the founders on what went right, what didn't and what's next. And, when the property pays them, your distribution on its way to your account.
Later, the final statement: the plan executed, the property refinanced or sold, your capital and share of profits returned, limited partners first. That is the experience we build toward on every project.
What can I do in the InvestNext portal?
InvestNext is the investor platform where your L5 investment lives. Once you subscribe, you can:
- • See your investment, contributions and distributions
- • Download statements, K-1s and offering documents
- • Read every quarterly update and project report
- • Update your contact and banking details securely
- • Review and sign documents electronically
Sensitive documents live in the portal, never in email.
Can I actually reach the founders?
Yes. Every first conversation is with Byron Kizzie, Managing Partner, and the line stays open after you invest. Every quarter you can sit in an investor meeting with both founders, and once a year we get together in person. You can also reach Dr. Melynda Kizzie, Co-Founder, and Layla Wilson, who leads investor relations.
“We always make it a point to pay our investors first, because you are the ones who trusted in the vision.” — Dr. Melynda Kizzie
Judge us by what you'd receive, not by what we say.
In your first conversation, Byron walks you through the quarterly update, the portal and how distributions work. Then decide.
A private conversation with Byron Kizzie, our Managing Partner. No pitch. No pressure.