For Immediate Release
MLG Capital’s Announces Latest Investment
408 Unit Multi-Family located in Tempe, AZ (Phoenix, AZ MSA)
MILWAUKEE, WIS. December 11th, 2018 – MLG Capital is excited to announce the strategic investment into Tempe Metro is a class A, Mid-Rise multifamily property built in 2010. It is
located across the street from the Tempe Light Rail line, providing residents with a 5 minute ride to Arizona State University and a 9 minute ride to downtown Tempe. The asset is located in the Phoenix, AZ MSA.
Tempe’s growth is being driven by recent office development around the river. The development of regional centers and corporate headquarters by national companies such as SAP, State Farm, Amazon, and JP Morgan are expected to create over 18,000 jobs in Tempe by 2020. Corporate expansion is also joined by medical research. The Tempe Biomedical Campus is a medical research incubator and accelerator that is expected to create 4,000 new jobs by 2026.
Tempe Metro is located in the city of Tempe, which lies 10 miles Southeast of downtown Phoenix. Tempe is a community situated around Interstate 10 and Highway 202 providing the community convenient access to the Phoenix metropolitan area. Tempe Metro is located on the eastern side of Tempe, giving residents a quick commute to the Arizona State University Tempe campus.
The asset (as of 8/2018) is ±83.8% occupied upon acquisition.
“We are excited about our newest JV Equity real estate investment which expands our portfolio in the Phoenix MSA. We are bullish on Phoenix and Tempe for the future. MLG and our partner are excited to be a growing part of the fabric of the Tempe community,” said Andy Sinclair, Vice President of Private Equity at MLG Capital. “This asset offers our Fund investors an asset that will be a great compliment to our overall portfolio.”
The series of MLG Private Funds were formed to acquire, directly or indirectly, a geographically diverse portfolio of commercial real estate. Primarily consisting of Commercial multifamily properties, Industrial, Retail, Office and other opportunistic opportunities located in strategically identified areas throughout the United States.
Since the inception of MLG Capital in 1987, the firm and entities associated had active, exited, or pending investments of approximately 18 million square feet of total space across the United States, inclusive of more than 12,900 apartment units, with exited and estimated current value exceeding $1.6 billion**
MLG Capital’s series of funds target cash on cash yields, quarterly distributions, and appreciation over time for investors. Read more about MLG Capital by visiting: www.mlgcapital.com/happenings
This email is not an offer to sell interests in a security.This email is qualified in its entirety by reference to the Confidential Private Placement Memorandum (as modified or supplemented from time to time, the “Memorandum”) of “Fund IV”, or, MLG Private Fund IV LLC (the “Main Fund”) and MLG 1099 Dividend Fund IV LLC (the “Parallel Fund,” and together with the Main Fund, the “Fund”), the limited liability company agreements (the “LLCAs”) of the Main Fund and the Parallel Fund, each as may be amended and/or modified form time to time, and a subscription agreement related thereto, copies of which will be made available upon request and should be reviewed before purchasing a Units in the Fund.
**Value is consistent of disposed assets as well as the current internal valuation of currently held assets as of 12/31/2017, updated periodically. Values may not have been reviewed by an independent 3rd party and may be internal projections.
Where noted, “Fund I” is MLG Private Fund LLC, Fund II” is MLG Private Fund II LLC,, “Fund III” is MLG Private Fund III LLC.
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