For Immediate Release
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MLG Capital’s Private Fund II Announces Latest Acquisition
Park at Forest Hill Apartments – Memphis, TN
Milwaukee, WI- August 12th, 2016 – MLG Private Fund II, as managed by MLG Capital is pleased to announce the purchase of Park at Forest Hill Apartments, a 600 unit Class A- multifamily property located in Memphis, TN. The property is approximately 97% occupied at acquisition.
The property is located in the Poplar Pike/Germantown corridor in southeastern suburban Memphis, home to several of the largest employers in the Memphis MSA. The property is assigned to Germantown schools, which are recognized for academic excellence.
“MLG is pleased to acquire a quality asset in the high growth Germantown/Southwind submarket of Memphis. This acquisition also provides additional geographic diversity to our investors”, said Andy Bruce, Principal of MLG Capital.
MLG Capital is a sponsor of private real estate equity funds. Investors in MLG funds benefit from investment in a collection of assets with both geographic diversity and property type diversity.