Events and Newsroom
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 Belvedere at Springwood Village in Spring, TX
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 acquisition of The Belvedere at Springwoods Village. The acquisition is a 342-unit Class A, 4-story mid-rise apartment community with structured parking, located in the Houston, TX MSA and built in 2014. “We are excited about our purchase of The Belvedere at Springwoods Village and believe the asset will be a great long-term addition to our portfolio. The property’s location, age, construction quality, and unique amenity set make it a best in class asset that will produce stable cash flow for our investors. The Belvedere at Springwoods Village is an ideal location just south of The Woodlands off I-45 and the Grand Parkway in Spring, Texas, and within an short walk or bike ride away from the area’s major employment centers, as well as a host of retail, dining and recreational destinations,” said Ryan Mueller, Vice President of Acquisitions at MLG Capital. Purchase Highlights: Interior units include gourmet kitchens with European-inspired cabinetry, sleek counter tops, wood-style flooring, spacious pantries, and stainless steel appliances. Other features include washer and dryer sets, 10-foot ceilings, walk-in closets, and…
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News
MLG Capital Coronavirus watch: Our latest assessment
To Our Extended MLG Family, As you are no doubt aware, concern about the spread of the novel coronavirus, COVID-19, is increasing by the day. First, we pray for the safety and protection of family and friends. Financial matters seem less significant when life and health issues come into our lives. We are encouraged that significant action is being taken by everyone to reduce the possible impact of this virus. At MLG, we are taking proactive steps to protect our 450+ employees across the country, and the thousands of residents or tenants in our properties. We remain diligent and steady in our investment objectives for our funds, objectives that have been tested and proven for over 3 decades. The leadership team at MLG takes this situation very serious and has been monitoring numerous trusted resources as information comes out, while continuing to communicate amongst our team and clients. Given this we have taken the following steps: Delaying all deals that are not yet committed for 30 days. We have opportunities in Phoenix and Chicago. Both deals are off market with good fundamentals and are nice opportunities. We are simply asking the sellers to proceed with the legal paperwork but delay any…
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News
MLG Capital Purchases Ten Property Portfolio In TX and OK
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 acquisition of a portfolio of ten multi-family assets containing± 2,700 units. The portfolio is located across three geographic locations within the burgeoning Southwest Sunbelt region, Houston, TX, Tulsa, OK and Oklahoma City, OK. “MLG’s purchase of the portfolio represents an exciting opportunity to to acquire 10 assets of “class B” muiltifamily at an attractive basis in locations that are in three fast-growing metropolitan regions of the Southwest with continued population growth, low unemployment, a strong corporate presence and high rankings for livability,” said Ryan Mueller, Vice President of Acquisitions at MLG Capital. Purchase Highlights: The series of diversified private equity real estate funds and a co-investment entity, all managed by MLG Capital, acquired the transaction. Diversification: The 10 asset portfolio consists of ±2,700 apartment units across 2 states and 3 major cities. Great basis: the portfolio has a great acquisition basis vs. the cost of new construction in the marketplace A subsidiary of MLG Capital, Valiant Residential, will operate and manage the portfolio. Valiant Residential currently manages over 14,000 units and has managed assets…
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News
MLG Capital Sells The Park At Forest Hill in Memphis, Tennessee
MLG Capital, the premier outsourced investment manager in private real estate for Investment Advisors, Family Offices and High Net Worth Individuals since 1987, in partnership with Continental Realty Group, through its subsidiary Continental Realty Assets, Ltd. (“CRA”), a Denver-based multi-family investment firm, have completed the disposition of The Park At Forest Hill, a 601-unit multifamily property built in 2002/2007 in Memphis, Tennessee. The sale price was $64 million. Located in the Germantown/Southwind submarket of Memphis, the 601-unit community was developed in two phases in 2002 and 2007. The property directly benefits from its proximity to high-profile corporate centers, a beautiful country club environment, and a state recognized exemplary school district. Transaction Highlights: MLG and CRA purchased the property in 2016 for $39.1 million and undertook a light value-add and re-branding strategy which included renaming the property from ‘Greens at Irene’ to ‘Park at Forest Hill’. The business plan primarily focused on improving the common areas and amenities, while also upgrading select units with items such as new vinyl plank flooring, stainless steel appliance package, kitchen and bathroom cabinet fronts and all new unit hardware. The asset management team directed over $3.1 million to the improvement of the physical property with…
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News
MLG Capital Purchases Park Avenue Apartments in Gainesville, Florida
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 acquisition of Park Avenue, a Class A+ 298-unit multifamily property built in 2016 in Gainesville, Florida. “The purchase of Park Avenue represents an off-market transaction sourced through MLG Capital’s historical relationships. Gainesville is home to the University of Florida, which is the state’s largest and oldest university, demand for housing is strong, and the market maintains high rent growth due to low vacancy,” said Ryan Mueller, Vice President of Acquisitions at MLG Capital. Purchase Highlights: MLG Capital acquired the property for $56 million. Amenities include gourmet kitchens with European-inspired cabinetry, sleek granite countertops, wood-style flooring, spacious pantries, and stainless steel appliances. Other features include washer and dryer sets, USB charging station, 9-foot ceilings, walk-in closets, and luxury bathrooms. The community offers a resort style beach entry pool surrounded by palm trees, hammocks and cabanas, a large grill station area with pergolas, and a dog park. The clubhouse includes an iMac and PC cyber business center, self-service café, a state-of-the-art gym with circuit training, cardio machines, weights, yoga studio, fitness on demand, game tables and a…
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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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