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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 Acquires Premier Texas Apartment Development Completed Last Year
Multifamily property in booming Frisco is MLG’s 54th acquisition in Texas Dallas, TX (July 18, 2024) – MLG Capital – a national leader in private real estate investments – today announced its acquisition of the recently constructed and newly named The Jade at Frisco apartment development, located at 16220 Phoebe Road in Frisco, Texas. The 424-unit, Class A community was completed in 2023 and supports housing demand in the booming city outside of Dallas. The garden style apartment community features resort-quality amenities, including a pool, sundeck and cabanas, game room, fitness and yoga facilities, EV stations and high-end interior finishes. The population of Frisco grew by 6 percent in 2023, and it was recently named the fastest rising city in the U.S. by FinanceBuzz. It also ranks in the top five cities in both safety and affordability according to SmartAsset Advisors. “We are thrilled to add another Class A suburban garden style apartment complex to our portfolio and to increase our owner-operator footprint in North Texas,” said Ryan Mueller, Senior Vice President at MLG Capital. “Frisco has been a magnet for job growth and corporate relocations nationally. Voted one of the safest cities in America, families continue to move into…
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News
MLG Capital’s Christen Moloney Selected for Globest. 2024 Woman of Influence Awards
Moloney is fourth woman from MLG Capital to be honored; Award marks third consecutive year of national recognition for MLG Capital Brookfield, Wis. (July 17, 2024) – MLG Capital, a national leader in private equity investments in commercial real estate, today announced that Divisional Controller Christen Moloney has been named to the GlobeSt. Women of Influence Class of 2024. Moloney’s recognition marks the third consecutive year that an MLG employee has received the award. Since 1983, the GlobeSt. Woman of Influence award has recognized a growing number of commercial real estate female professionals for their remarkable achievements. The individual honorees have personally impacted the market and have significantly driven the industry to new heights via their outstanding successes. The 2024 Women of Influence were selected by GlobeSt.’s esteemed advisory board and senior editors based on how well they achieved goals and displayed ingenuity in regard to their nomination category; how impactful their work has been; how dedicated the nominee has been to furthering the development of their field and the role of women within it; and the nominee’s personal commitment to the highest ethical standards, service and excellence. “We are so proud of Christen for this well-deserved recognition,” said Michael…
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Media Mentions
Wisconsin firm pays $48 million for Aurora apartments
A Wisconsin real estate investor picked up a 272-unit apartment complex in the western suburbs for just over $48 million. Brookfield-based MLG Capital bought the Orchard Village apartment complex at 1240 W. Indian Trail in Aurora from a venture of New York-based National Property REIT, a private real estate investment trust controlled by Prospect Capital, according to Kane County property records. Read the full article from Crain’s Chicago Business.
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News
MLG Capital Invests in a Class A Multifamily Property in Kansas City MSA
Thrive at Creekside becomes firm’s 4th asset in Missouri Brookfield, Wis. (June 7, 2024) – MLG Capital – a national leader in diversified private real estate investments – today announced its acquisition of Thrive at Creekside, located at 15310 Trailside Dr in Parkville, Mo. The Class A multifamily property features 264 apartment homes and 100 townhomes and was constructed in 2020 as part of a mixed-use development. MLG’s investment is in partnership with Denver-based multifamily investment firm, Gold Block Ventures. “Thrive at Creekside offered a great opportunity to purchase a stabilized, Class A asset in a desirable market,” said Nathan Clayberg, Vice President of MLG Capital. “We believe there is strong demand for this type of niche and newer property in the submarket and we are excited to expand our footprint in the area.” According to Costar, Parkville is a desirable submarket 15 miles northwest of downtown Kansas City with strong demographics. The area has a high median income, low unemployment rate and limited supply of high-quality multifamily. In fact, Thrive at Creekside was the first multifamily permit granted in 50 years. Additionally, a new elementary school will open adjacent to the property in 2025. MLG Capital has been acquiring…
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Media Mentions
MLG Capital Acquires Orchard Village Multifamily Asset
MLG Capital – a national leader in private real estate investments – announced its acquisition of Orchard Village, located at 1240 W Indian Trail in Aurora, Illinois. Read the full article from Yield PRO.
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Media Mentions
MLG Capital’s Jorjio Hopkins Interviewed by GlobeSt
Jorjio Hopkins, MLG Capital Assistant Vice President, recently sat down with GlobeSt.com to talk about how his career journey, which began in the United States Marine Corps, ultimately led him to a career in commercial real estate. Read the full article from GlobeSt.com
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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….
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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…
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Media Mentions
MLG Capital opens Denver-area office after $51M apartments purchase
MLG Capital said it has established an office in the Denver area after acquiring an apartment complex in Denver’s East Colfax neighborhood earlier this month for $51.05 million. Read the full article from the Milwaukee Business Journal.
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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…
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