Events and Newsroom
The latest news, information, and event details from MLG Capital. Check back often to see what is happening!
Speakers Bureau-
News
MLG Capital Acquires Orchard Village Multifamily Asset Under Firm’s Innovative Legacy Fund
Apartment property is MLG’s 9th acquisition in Chicago MSA Brookfield, Wis. (May 31, 2024) – MLG Capital – a national leader in private real estate investments – today announced its acquisition of Orchard Village, located at 1240 W Indian Trail in Aurora, IL. The 272-unit property was built in 2000 and has an amenity set complete with a heated pool, clubhouse and fitness center, dog park and more across its expansive, well-landscaped grounds. Units feature attractive layouts and in-unit washer/dryers. MLG acquired an interest in the property using 1031 exchange proceeds from its innovative Legacy Fund, which offers a tax-deferred exit strategy for private real estate owners. Orchard Village is well-located near several schools, parks, a hospital and other community amenities. The property is just 1 mile from I-88 and 3.5 miles from the Aurora Metra Station. With a low vacancy rate in the submarket and limited projected new supply, MLG anticipates continued demand for the property. “Orchard Village presents the exciting opportunity to acquire a quality multifamily asset in a supply constrained submarket of Chicago,” said Daniel Price, Senior Vice President at MLG Capital “Adding this to the Legacy Fund further enhances the diversification we provide to our investors….
-
News
MLG Capital Purchases Walnut Lake Multifamily Property in Iowa
Apartment property acquired by MLG’s innovative Legacy Fund Brookfield, Wis. (May 24, 2024) – MLG Capital – a national leader in diversified private real estate investments – today announced its acquisition of the Walnut Lake apartment property, located at 4454 NW 142nd St. in Urbandale, Iowa. The multifamily property was completed in 2016 and features 180 apartment units, robust amenities and a desirable location in a desirable western suburb of Des Moines. MLG acquired an interest in the property using 1031 exchange proceeds from its innovative Legacy Fund, which offers a tax-deferred exit strategy for private real estate owners. “We’re excited to be acquiring Walnut Lake. It’s a quality, newer construction property in a fast-growing suburb of Des Moines, a market that we believe has strong underlying fundamentals,” said Daniel Price, senior vice president at MLG Capital. “The asset is well-positioned to benefit from the overall growth of the region, and we think it will perform very well over the course of our ownership.” According to CoStar, the immediate area is projected to see 10%+ population growth over the next five years – a testament to the quality of location, which includes one of the best rated school districts in…
-
News
MLG Capital Announces Expansion to Denver
National private equity real estate investment firm adds fourth location with plans to further expand acquisition and fundraising reach in the Mountain West region DENVER (May 16, 2024) – MLG Capital today announced that it has expanded its nationwide footprint with the addition of a new Denver office located in the Denver Tech Center (8490 E Crescent Pkwy, Greenwood Village, CO, Suite 120), one of the metro area’s primary employment hubs. This addition adds to MLG Capital’s offices in Brookfield, WI; Dallas, TX and Sarasota, FL. The firm is looking to expand its footprint in the Mountain West region and recently acquired Lowry North, a 192-unit multifamily property in Denver. This acquisition adds to MLG Capital’s existing Colorado portfolio which also includes a 112-unit multifamily property in Durango. The firm sees strong potential for additional acquisitions in Denver and the broader Front Range. “As MLG Capital continues to grow strategically, we believe there is an exciting opportunity in the Mountain West to take advantage of significant demand drivers in multiple markets across the region,” said Tom Pugh, Assistant Vice President at MLG Capital and new Denver office lead. “We’re excited to introduce and expand our strong, 37-year reputation as a respected…
-
News
Copperfield Apartments Property Sold by MLG Capital
Firm executes smart deal strategy; successfully sells prime Fort Worth property, elevating investor returns Dallas, Texas (March 8, 2024) – MLG Capital today announced that it has sold Copperfield Apartments, a 323-unit multifamily property located at 6051 S Hulen St. in Fort Worth, Texas. The sale closed on March 7 to an undisclosed buyer. The disposition of the property is part of MLG’s deal strategy to buy and sell real estate investments with a core focus on growing operating income and/or reducing operating expenses to maximize return to investors. MLG Capital purchased the Class B multifamily property in 2019 as part of MLG’s series of MLG Private Funds. At acquisition, Copperfield Apartments, which has a prime location in Southwest Fort Worth, offered significant value-add opportunity through interior and exterior renovations. MLG Capital renovated over 100 apartment units and made various common area improvements in its 5-year hold, including renovating the clubhouse, updating the pool area and adding an outdoor firepit. “We are excited to go full cycle on this investment. Over the past 5 years, we’ve executed our asset strategy which included a light value add of select interior units. We were able to improve operations, enhance the asset and…
-
News
MLG Capital Purchases Meadows at River Run Multifamily Property in Bolingbrook
Apartment property features quality amenities in a desirable suburban Chicago setting Brookfield, Wis. (December 21, 2023) – MLG Capital – a national leader in diversified private real estate investments – today announced its acquisition of the Meadows at River Run multifamily property, located at 350 Whitewater Drive in Bolingbrook, IL. The apartment property was built in 2001 and features 374 apartment units, high-quality amenities and a suburban location with well-rated school districts and a robust labor market. “We are excited about the acquisition of Meadows at River Run,” said Daniel Price, Senior Vice President at MLG Capital. “We think this is a great property that is very well positioned in the marketplace. Meadows at River Run marks our 18th and final acquisition of 2023, a year in which MLG Capital has remained very active despite overall transaction activity being down significantly.” Meadows at River Run is on a major thoroughfare that provides convenient freeway access and great drive-by visibility. Both to the East and West are strong retail corridors, and the surrounding area has numerous employers and community amenities. The property itself features large, functional units, all with patios/balconies. Select units have stainless appliances, vaulted ceilings and/or attached garages. There…
-
News
MLG Capital Announced as Premier Sponsor of National Association of the Estate Planners and Council Annual Conference in Florida Nov. 12-16
MLG Principal and Vice Presidents to Lead Educational Session on Transitioning Real Estate Wealth to Heirs & Important Tax Structuring Strategies Brookfield, Wis. (November 3, 2023) – MLG Capital – a national leader in diversified private real estate investments – today announced it will serve as a premier sponsor of the 60th Annual NAEPC Conference taking place Nov. 12-16 in Fort Lauderdale, Fla. The annual conference offers estate planning professionals an opportunity to collaborate on industry ideas and trends while forging multi-disciplinary relationships. MLG will lead an educational session featuring CEO and Principal Timothy J. Wallen, Senior Vice President William “Billy” Fox and Senior Vice President and Controller Richard Reuter. The session titled “Strategies for Transitioning Real Estate Wealth to Heirs & Important Tax Structuring Considerations” will offer conference attendees the opportunity to learn from MLG’s team of experts on new approaches to estate planning. This session will also be available as an online webinar for conference attendees, and MLG will be hosting an additional webinar in December that will be available on-demand for NAEPC members. “We are proud to share our decades of experience that have allowed us to create innovative solutions, like our Legacy Fund, to transitioning real estate…
-
News
MLG Capital Closes Three Milwaukee-Area Multifamily Property Deals in October
Brookfield, Wis. (October 27, 2023) – MLG Capital – a national leader in diversified private real estate investments – today announced it has closed on the acquisitions of three Milwaukee-area multifamily properties – Trostel Square, Norhardt Crossing and Norhardt Apartments. “MLG Capital is thrilled to announce these recent acquisitions near our headquarters. We are excited to make a sizeable investment in the Milwaukee area as we know first-hand its desirability to live in and continue to see the area draw key employers and attractions,” said Daniel Price, Senior Vice President of MLG Capital. “With the economic growth of the area and the strong locations of these properties, we expect these acquisitions to perform very well.” Trostel Square (1818 N. Commerce St, Milwaukee, WI) is a 99-unit, mid-rise multifamily property featuring one- and two-bedroom units with attractive in-unit and community amenities. Key features of the property include private balconies, expansive floorplans, an underground parking garage, detached clubhouse and direct access to Milwaukee’s River Walk. The property is located in Brewers Hill, an established and desirable neighborhood of Milwaukee with convenient access to many of the city’s major employers and attractions in and near downtown. Norhardt Crossing (1930 Norhardt Dr, Brookfield, WI) and Norhardt Apartments…
-
News
MLG Capital’s Michael Jagodinski Named CFO of the Year Award Winner by Milwaukee Business Journal
Brookfield, Wis. (October 25, 2023) –MLG Capital, a Wisconsin-based private equity real estate investment firm, today announced that Chief Financial Officer Michael Jagodinski was named CFO of the Year by Milwaukee Business Journal. The prestigious award is part of the C-Suite Stars awards honoring top chief financial officers, chief marketing officers, HR directors and top corporate counsels for their significant professional and community accomplishments. “Mike is an outstanding leader who has helped to grow our firm by investing the time in educating and developing our people. His big picture thinking and passion for our company has led to many successes,” said MLG Capital Principal and CEO Timothy J. Wallen. “Mike is a shining example of MLG’s founding principles of ‘Making a Difference, While Making a Living’ and ‘Absolute Integrity.’ We are proud of this well-deserved accomplishment.” As CFO of MLG for the last 17 years, Jagodinski has been influential in the company’s growth making 2022 the firm’s most successful year of property acquisitions to date. Jagodinski also serves as the CFO of the MLG Family of Companies and is pivotal within its affiliated companies. In his leadership role, Mike oversees business planning and strategy, budgeting, and forecasting, and he is…
-
News
Announcing the recipients of the 2024 Wisconsin Titan 100
Brookfield, Wis. (October 19, 2023) – Titan CEO and headline sponsor Wipfli LLP are pleased to announce Michael “Mike” Mooney, Principal, Co-Founder and Chairman Emeritus, MLG Capital as a 2024 Wisconsin Titan 100. The Titan 100 program recognizes Wisconsin’s Top 100 CEO’s & C-level executives. They are the area’s most accomplished business leaders in their industry using criteria that includes demonstrating exceptional leadership, vision, and passion. Collectively the 2024 Wisconsin Titan 100 and their companies employ more than 148,000 individuals and generate $76.4 billion dollars in annual revenues. This year’s honorees will be published in a limited-edition Titan 100 book and profiled exclusively online. They will be honored at the annual awards ceremony on January 18th, 2024 at Fiserv Forum, and will be given the opportunity to interact and connect multiple times throughout the year with their fellow Titans. “The Titan 100 are visionary leaders that inspire the Wisconsin business community. These preeminent leaders have built a distinguished reputation that is unrivaled and preeminent in their field. We are humbled to recognize the Titan 100 for their efforts to shape the future of the Wisconsin business community” says Jaime Zawmon, President of Titan CEO. Mike is the co-founder, principal, and…
-
News
MLG Capital Senior Vice President Billy Fox Named Top Influencer in Multifamily by GlobeSt Real Estate Forum
Brookfield, Wis. (October 10, 2023) – Private real estate investment firm MLG Capital today announced that Senior Vice President Billy Fox was named a top Influencer in Multifamily Real Estate by GlobeSt. Real Estate Forum. The prestigious annual awards recognize individuals, teams and organizations that are impactful leaders within the industry. Fox, who joined MLG in 2014, was recognized for several recent accomplishments, including his role in launching and leading MLG’s Legacy Fund, which offers owners of appreciated real estate assets a passive, tax-deferred and diversified exit strategy by allowing them to contribute their real estate in exchange for units in the fund. Thanks to Fox’s dedication and leadership, the fund recently surpassed $1 billion in assets just two years after its first-to-market launch, including interests in 81 properties across 17 states that encompass over 13.8 million square feet and ±14,500 multifamily units. Fox has also played an instrumental role in making 2021 and 2022 record-breaking years for MLG Capital, when the firm recorded back-to-back years that surpassed $1 billion in commercial real estate acquisitions. “This award is a well-deserved honor for an extremely hardworking and dedicated leader with an unmatched work ethic and sense of integrity,” said Tim Wallen, principal and CEO at…
Subscribe to MLG Updates
Join our mailing list to get the latest news and blog updates from MLG!