For Immediate Release
David Binder, Vice President
MLG Capital’s Private Fund II & III Announce Latest Investment
Grafton Commons Retail Portfolio – Grafton, WI (Metro Milwaukee, WI MSA)
February 2nd, 2018 – MLG Capital is pleased to announce its most recent investment into the Grafton Commons Retail Portfolio. The portfolio consists of ±240,000 square feet of well-located retail on the corner of Highway 60 and Interstate 43 in Grafton, Wisconsin (Metro Milwaukee, WI MSA).
The properties were developed between 2007 and 2009 and are shadow anchored by Costco, which is a major draw for the center. Its major tenants include Dick’s Sporting Goods, PetSmart, Michaels, Kohl’s, Best Buy, and Aldi. MLG Capital is partnering with an experienced real estate team at Berengaria Development who will manage the properties.
The shopping center is considered one of the premier retail destinations and shopping centers in the region. MLG Capital acquired the properties below the cost of construction and at an attractive cap rate, which provides the opportunity to earn consistent returns.
“We’re excited about making an investment in a fantastic location with an experienced partner,” said Andy Bruce, Principal at MLG Capital. “This shopping center’s location and strong demographics give us confidence that we can retain major tenants and increase its value.”
MLG Capital is currently on its third fund, MLG Private Fund III LLC, a $150 Million equity fund that is accepting new investors. Since inception of MLG Capital in 1987, MLG Capital has had active, exited, or pending investments across the United States consisting of approximately 14.6 Million square feet and over 10,600 apartment units, with exited and estimated current value exceeding $1.2 billion. MLG Capital’s series of funds target cash on cash yields of 8% with all in net return targets of 13-15% per year for our investors.
Investors in MLG Capital’s various private equity funds benefit from investment in a collection of properties with both geographic diversity and property type diversity. MLG Capital focuses on investing in apartments, industrial, retail and office properties. View more about our latest fund by visiting www.mlgcapital.com/our-investors/current-offering/