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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 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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