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The latest news, information, and event details from MLG Capital. Check back often to see what is happening!
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News
MLG Capital Sells Metro Milwaukee, WI Retail Center
MLG Capital, the premier outsourced investment manager in private real estate for Investment Advisors, Family Offices and High Net Worth Individuals since 1987, announced its most recent sale of a retail asset located in Metro Milwaukee, WI. The asset includes ±240,000 sf of retail situated near Interstate 43. Counting money invested into improvements to the property, revenue generated by the leasing, proceeds from the sales and all the other financials, the MLG Capital fund exited the deal with a 15.82% internal rate of return, or IRR. For each $1 invested, $1.57 was produced said David Binder, Vice President at MLG Capital. Sale Highlights: Purchase Price: $33.5M Sale Price: $39.5M Great value-add potential – acquired with 40% of Rent Roll which expired in first 14 months. And had opportunity to sell individual buildings. Back-filled space with two new anchor tenants. Executed the business plan according to plan, by re-tenanting within 2 years of ownership.
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MLG Capital Offices Receives 2019 Top Places To Work Award
Milwaukee Business Journal names MLG Capital on its 2019 list of the Best Places To Work. The annual list features a roundup of the best workplaces in Metro Milwaukee and is compiled according to factors such as employee feedback, and workplace attributes and a culture audit. This year’s program drew about 150 nominations. Employee scores were measured on how favorably they responded to questions in core areas including personal engagement, communication and resources, teamwork, retention, alignment with goals, trust with co-workers and senior leaders, manager effectiveness, job satisfaction, etc. They then selected our winners based on highest scores in each size category. We are incredibly honored to be recognized as a Best Places To Work by Milwaukee Business Journal. Our commitment to providing a great place to work enables us to attract and retain the best people who love what they do. Ultimately, our clients see the difference in the quality advice and service they receive.
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Media Mentions
MLG Capital Offices Receives 2019 Best of Brookfield Award
Brookfield Award Program Honors the Achievement BROOKFIELD September 26, 2019 — MLG Captial Corporate Offices has been selected for the 2019 Best of Brookfield Award in the Corporate Office category by the Brookfield Award Program. Each year, the Brookfield Award Program identifies companies that we believe have achieved exceptional marketing success in their local community and business category. These are local companies that enhance the positive image of small business through service to their customers and our community. These exceptional companies help make the Brookfield area a great place to live, work and play. Various sources of information were gathered and analyzed to choose the winners in each category. The 2019 Brookfield Award Program focuses on quality, not quantity. Winners are determined based on the information gathered both internally by the Brookfield Award Program and data provided by third parties. About Brookfield Award Program The Brookfield Award Program is an annual awards program honoring the achievements and accomplishments of local businesses throughout the Brookfield area. Recognition is given to those companies that have shown the ability to use their best practices and implemented programs to generate competitive advantages and long-term value. The Brookfield Award Program was established to recognize the…
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Media Mentions
MLG Capital exceeds $100M for latest real estate fund.
MLG Capital recently surpassed $100 million in money raised for its newest real estate investment fund, and has lined up $280 million in purchases that are expected to close by the end of this year. Read the Article.
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News
Craig Lashley Named Executive of the Year at the 2019 Sapphire Awards | MLG Capital
MLG Capital is proud to announce that Craig Lashley was awarded Executive of the Year at the 2019 Sapphire Awards presented by The Apartment Association of Greater Dallas (AAGD). What made this even more special was that this was the first time ever this award was given out! Craig was up against some extremely tough completion and very humbled to win the award. The Apartment Association of Greater Dallas is the rental housing trade association for the Greater Dallas Metro area. Founded in 1959, AAGD is one of the largest local apartment associations in the country. AAGD represents over 1000 owner/management company members that own or manage over 2,700 apartment communities throughout the Dallas area. In addition, there are 750 businesses that provide products and services to the industry. So if your doing the math, Craig may be number 1 of 1,750 successful company executives in the minds of this committee, but one in a million to us! Of course, Craig was quick to point out the support he gets from his team members in both Dallas and Wisconsin. Under Craig’s leadership, Valiant has quickly grown to the 6th largest property management firm in Dallas and has also been recognized…
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Media Mentions
MLG Capital Named Winner in The Milwaukee Business Journal Milwaukee Coolest Offices Contest
To read more about all the contest winners, click here.
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News
MLG Capital Purchases Apartments in Former Pabst Brewing Complex
MLG Capital, the premier outsourced investment manager in private real estate for Investment Advisors, Family Offices and High Net Worth Individuals since 1987, announced the purchase of Frederick Lofts, a 100-unit multi-family apartment complex located in The Brewery neighborhood within a half mile of the new $524M Fiserv Forum, home of the Milwaukee Bucks (NBA) and Marquette Golden Eagles (NCAA). Purchase Highlights: MLG Capital purchased Frederick Lofts for approximately $16 million A superior amenity package features a yoga room, resident clubhouse, fitness center, conference rooms, media room, rooftop deck with BBQ, elevator, bike rack and storage, underground parking, controlled building access, high speed internet and 24-hour emergency service. MLG Capital purchased Frederick Lofts off-market for $16 million this month. The 270,473 square foot, 100-unit property will be managed and operated by entities related to MLG Capital and features amenities such as a resident clubhouse, fitness center, yoga room, media room, underground parking and a roof top deck with BBQ area. “We plan to invest capital to maintain the class A interior of the 100 units, each of which has an open loft layout, fully equipped kitchen, granite counter tops, breakfast bar, walk-in closets, central air conditioning and more,” said Andy Bruce, Executive…
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News
Registered Investment Advisor (“RIA”) Private Real Estate Survey
During the first quarter of 2018, MLG Capital executives met one-on-one with RIAs throughout the United States, attended and hosted Registered Investment Advisor (RIA) events, and issued a written nationwide RIA survey to determine how the private real estate industry can better help RIAs meet their clients’ needs. Based on survey results as well as individual conversations over the years with 100+ RIAs, several clear trends emerged. “Our research uncovered a major overarching theme. Investors ask their RIAs about private real estate constantly. RIAs believe their clients should be invested in private real estate and they believe it has a low correlation to the public market. However, few are investing in it at present, primarily because they don’t know where to find information and/or have not seen the data”, said MLG Capital CEO & Principal Timothy J. Wallen. Key RIA survey findings include: 93% of RIAs believe clients should have alternative investments within their portfolio. 80% of RIAs expect alternative investments to produce between a 5-10% return. 73% of RIA’s clients invest in real estate with real estate representing 29% of all alternatives investments listed (private equity, private real estate, hedge funds, oil/gas, other). If an alternative investment product would…
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News
MLG 1099 Dividend Fund IV Saves Time and Money for RIAs and Their Clients
MLG Capital (“MLG”) is accepting investments into MLG Private Fund IV LLC and the “MLG 1099 Dividend Fund IV,” a parallel fund that enables Registered Investment Advisors (RIAs) to gain access to private real estate via retirement vehicles while targeting to eliminate unrelated business taxable income (UBTI) and multi-state filings. Use “Income generated by retirement vehicles such as IRAs and 401ks are typically subject to UBTI when investing in passive, debt backed real estate, such as our offerings. We recognized this as a major deterrent for RIAs to expose their retirement fund clients to private real estate. As well, RIAs typically do not want to go through egregious process of filing multiple state tax returns for their retirement fund clients exposed to a real estate fund product. We created the MLG 1099 dividend fund as a way for RIAs to now expose their clients to the benefits of a diversified private real estate fund while targeting to avoiding UBTI and multistate filing,” said MLG Capital Assistant Vice President Mike Slinde. MLG Capital (“MLG”) is accepting investments into MLG Private Fund IV LLC and the “MLG 1099 Dividend Fund IV,” a parallel fund that enables Registered Investment Advisors (RIAs) to gain…
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Media Mentions
MLG Capital Introduces Private And Parallel Funds For Retirement Investment
As Featured in Financial Advisor (FA) Magazine Investment managers and their clients, wary about investing their IRA or 401(k) retirement funds in risky real estate ventures, need worry no more. With the introduction of the MLG Private Fund IV and the MLG 1099 Dividend Fund IV, a parallel fund, RIAs and their clients can reap the benefits of a diversified retirement fund. Each of the MLG Private Funds acquires, directly or indirectly, a geographically diverse portfolio of commercial real estate primarily consisting of multifamily, industrial, retail and office properties in several key U.S. markets. The MLG Private Fund IV has as its goal an internal rate of return of 12% to 16% over an estimated five- to eight-year holding period, with an estimated potential of achieving $250 million in total equity. MLG Capital Real Estate Investments is headquartered in Brookfield, Wis.
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