Maximizing client and partner wealth in real estate investments.

PRESS RELEASE


For Immediate Release

Andy Sinclair
Vice President Private Equity
MLG Capital
Phone: 262-938-4418
Email: asinclair@mlgcapital.com


MLG Capital Announces Latest Investment

Trails at Creekside (444 Units – Allen, TX – DFW MSA)

MILWAUKEE, WIS. September 6th, 2018 – MLG Capital is excited to announce the strategic investment into Trails at Creekside, a 444-unit multi-family property. The asset is located in the highly sought-after city of Allen, TX, within the northern area of the greater Dallas/Fort Worth MSA (metropolitan statistical area).

Trails at Creekside is a class A+ multi-family property built in 2014. Located within the city of Allen, TX, the property has incredible proximity to major employment centers that are fueling population and job growth. Commute times are just over 30 minutes to downtown Dallas, and the location provides easy access to the entire metropolitan area. Trails at Creekside is located off SH-121 just minutes from some of the largest employment centers in DFW – Legacy West, Legacy Business Park, and the $5 Billion Mile master-planned mixed-use development. These 3 employment centers alone provide employment for an estimated 33,000 professionals, while continuing to draw global corporations such as Toyota (7,000 jobs), JPMorgan Chase (6,000 jobs), and Liberty Mutual Insurance (5,000 jobs) to the area.

The asset is currently ±92% occupied as of close 9/5/2018.

“We are excited about the addition of the Trails at Creekside property to our portfolio” said Ryan Mueller, Vice President Acquisitions at MLG Capital. “Trails At Creekside is a great addition for the fund. The location of Allen Texas has exceptional schools, population growth, and close proximity to great, well-paying, jobs”

Deal Highlights:

Dallas & Allen, TX Highlights:

 

MLG Capital is currently on its third fund, MLG Private Fund III LLC*, a $150 Million equity fund that is accepting new accredited investors through Summer of 2018. MLG Private Fund IV LLC is expecting to launch October 1, 2018.  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 15.5 million square feet of total space across the United States, inclusive of more than 11,500 apartment units, with exited and estimated current value exceeding $1.5 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 our blog: www.mlgcapital.com/happenings 

To learn more about this transaction, contact Andy Sinclair, Vice President of Private Equity, at (262) 938-4418 or at asinclair@mlgcapital.com

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 *Offers to sell an interest in an offering of MLG Capital or affiliates will only be made to a qualified purchaser by the delivery of the confidential private placement memorandum and current supplement, accompanied by a subscription document booklet. Please reference MLG Private Fund III LLC Confidential Private Placement Memorandum and current supplements for full details.

**as of 6/30/2018. Value is consistent of disposed of assets as well as the current internal valuation of currently held assets as of 12/31/2017. Values may not have been reviewed by an independent 3rd party and may be internal projections.

 

Resources:

LinkedIn- https://www.linkedin.com/company/mlg-capital/

Website- www.mlgcapital.com

Property Information https://mlgcapital.com/trailsatcreekside/ 

Investor Relations: Kathleen Pecard, Investor Relations Manager, Kpecard@mlgcapital.com