November 30, 2023
Core Market Series: Florida
As one of MLG Capital’s home markets, the state of Florida has been an investment target for the duration of our firm’s 36+ years of existence. Since acquiring our first asset in the state decades ago and building out a portfolio over time, we continue to actively seek unique deals where we can capitalize on believable and achievable assumptions, as well as the numerous positive market dynamics in many areas of the state. MLG currently has a satellite office located in downtown Sarasota, FL. With multiple attractive major metros and many desirable submarkets in the Sunshine State, MLG has owned unique assets across six metropolitan areas. These assets encompass over 4,500 multifamily units and almost 5 million total square feet (as of 11/15/2023). MLG’s current portfolio includes nine multifamily properties across the state, with the highest concentration of units in the Orlando and Tampa metros. Five of the properties are managed by Valiant Residential, MLG’s subsidiary management company, who manages over 35,000 units, primarily across the Sunbelt (as of 11/15/2023). Florida has many elements that make the state conducive to successful real estate investment. While each deal must be examined on a granular, submarket-by-submarket level, broadly speaking, Florida benefits from:...
June 14, 2023
Core Markets Series: Dallas-Fort Worth
MLG Capital’s direct acquisition strategy for multifamily real estate focuses on our core markets throughout the Midwest and Sunbelt regions. In our TX operations, our current portfolio includes 8,900 total apartment units across 3 MSA’s (as of 6/5/2023) – Dallas-Fort Worth, Houston, and San Antonio. A primary target for our direct acquisition strategy has been the Dallas-Fort Worth metroplex, dating back to 1988 when MLG first acquired in this market. MLG’s current portfolio includes 12 multifamily properties located in the Dallas-Fort Worth region, totaling over 3,700 apartment units. Each one of these properties is managed by Valiant Residential, our subsidiary management company that is based out of Dallas who manages over 19,000 units (as of 6/5/2023) in the Dallas-Fort Worth market and shares an office with MLG’s Dallas team. Real estate in this area has thrived due to its diverse economy, robust population growth, and geographical advantage. Due to these factors, we believe this market will continue to flourish for years to come. Highly Active Transaction Market Dallas-Fort Worth has established itself as a powerhouse in the multifamily sector of the real estate world, achieving remarkable transaction volume and sales figures. According to a report by Multi-Housing News, the Dallas-Fort...
April 19, 2023
Core Markets Series: Atlanta
At MLG, we pursue direct and joint venture acquisitions throughout the Southeast region, focusing our efforts in Georgia, Tennessee, and Alabama. The Southeastern states are some of the fastest growing in the country, as the region has outpaced the United States in population growth by roughly 40% the past 50 years.1 One of our primary target markets within this region is the Atlanta Metropolitan Statistical Area (MSA). Atlanta is an attractive market, boasting a strong job market, access to quality higher education, major employers, and continued growth over the last two decades. Our portfolio currently consists of investments in 5 properties across the Atlanta MSA. There are 4 main reasons why we like the Southeast region and specifically the Atlanta MSA: High population concentration and continued projected population growth Stability of the labor market and low unemployment Strong economy and job growth Access to a more liquid investment High Population Concentration and Continued Projected Growth Atlanta is ranked the 8th largest MSA in the United States and currently has a population of over 6.1 million people.2 This accounts for more than half of the state of Georgia’s residents. From 2015 to 2020, the Atlanta MSA ranked 3rd in net population...
March 21, 2023
Core Markets Series: Midwest
The Midwest, as defined by the Bureau of Labor Statistics, is comprised of 12 states (IL, IN, IA, KS, MI, MN, MO, NE, ND, OH, SD, WI), over 68 million people, and is the backbone of American production. The Midwest is built on a deep history of agriculture, manufacturing, and mining industries that continue to fuel growth and have paved the way for advancements in tech, medical, and logistical innovation today. When we look at commercial real estate, the Midwest presents an opportunity to acquire quality properties, in a market with a significant percentage of individual and regional owners and strong rent-to-income ratios, often at higher cap rates than other regions. Its centrality and robust industries fuel stable job and wage growth and predictable population trends, all of which are critical to income growth and reducing the risk of supply imbalance. MLG’s corporate headquarters in Brookfield, WI positions us well to take advantage of these strengths and acquire quality real estate in the Midwest. Below are some of the reasons we like investing in commercial real estate in the Midwest: Individual and Regional Owners: The Midwest, seemingly more so than other regions, has numerous individual and regional owners of real...
November 5, 2021
Focused on Finding the Right Deals
Private Real Estate is a fast-paced, ever-evolving market. Often, investors are curious to learn more about our acquisition process and how our team can find opportunities in the competitive market that we operate in today. Our answer is straight forward: we’re actively involved in our target markets, we leverage technology where we can, and we build strong relationships. Market Knowledge Finding the right investments takes persistence and patience. Competing with 20+ groups on a fully marketed opportunity often is the norm in today’s investment world. This elevated competition requires us to be an active and connected acquisition team. We “knock on all the doors,” “make all of the calls,” and remain diligent to find the best investments for our investors. Being a very active group gives us the flexibility to be selective of property and provides us top-tier insights into market, submarket, and deal-level knowledge. It also often affords us off-market investment opportunities, that is, deals that other groups may not get a chance to look at. At MLG Capital, we actively underwrite and pursue over 2,000 investment opportunities per year, on average; however, we only acquire 15-20 properties across the multifamily, industrial, office, and retail sectors. How? We implement...
