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News
MLG Capital Sells Last Asset In Its First Diversified Fund
Close marks significant milestone for firm 11 years after strategic shift to real estate fund approach Firm’s latest real estate fund – Private Fund VI – approaches halfway point fundraising milestone Brookfield, Wis. (September 22, 2023) – MLG Capital announced a significant milestone for the firm with the sale of the last asset in MLG Private Fund LLC, “Fund I”, the first diversified fund in MLG’s series of real estate funds, established in 2012. Final distributions to investors, and formal closing, will occur in the coming quarters. Fund I raised more than $27 million in investor equity, and throughout its lifetime acquired and sold 13 properties and seven land investments, totaling more than 3,000 multifamily units and nearly 585,000 in commercial square footage. Acquisitions were primarily located in Wisconsin, Florida, Texas, Minnesota and Colorado. The closing of this transaction brought excellent returns for investors in Fund I and II. Overall, fund-level returns of 23.2% IRR and an equity multiple of 2.33X over the hold were achieved, as of 5/30/23.* “From my first meeting with MLG back in 2011, I felt a sense of confidence and trust in doing business with them,” said Norb W., one of the initial Private Fund…
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MLG Capital Climbs Inc. 5000 List of Fastest Growing Private Companies in U.S. for Third Consecutive Year
Private equity real estate investment firm is among top 10 companies in Milwaukee and top 30 in Wisconsin to make the annual ranking Brookfield, Wis. (August 15, 2023) – The 2023 Inc. 5000 List of the Fastest Growing Private Companies in the United States was announced with MLG Holdings, parent of MLG Capital, named 3141st on the list. The company made significant strides in its year-over-year ranking, coming in at 101st overall in the Real Estate category (compared to 145th in 2022), 26th in the State of Wisconsin (compared to 38th in 2022) and 9th of all companies in the Milwaukee metro area (compared to 15th in 2022). The private investment real estate management firm headquartered in Brookfield, Wis., has been achieving significant and sustainable growth over the past several years, recording back-to-back years that surpassed $1 billion in commercial real estate acquisitions, while also growing and launching new private real estate funds, including its MLG Private Fund VI and its unique Legacy Fund. “Being ranked for the third consecutive year on the acclaimed Inc. 5000 list is a great testament to the talented and tenured team at MLG Capital that works hard day in and out to source and…
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MLG Capital Purchases Market Square Multifamily Property in Kenosha
Class A Apartment property features high-quality amenities and a convenient location in a market with high demand for multifamily housing Brookfield, Wis. (July 28, 2023) – MLG Capital – a national leader in diversified private real estate investments – today announced its acquisition of the Market Square apartment property, located at 3100 Market Lane in Kenosha. The Class-A apartment property was built in 2017 and 2019 and features 330 apartment units, robust amenities and a convenient location near high-quality retail in a key industrial corridor. MLG acquired an interest in the property with its growing Legacy Fund, which offers a tax-deferred exit strategy for private real estate owners. “This is an exciting acquisition in a market with significant commercial development and convenient access to both Milwaukee and Chicago,” said Daniel Price, senior vice president at MLG Capital. “MLG expects to see continued industrial development and job growth in this corridor that will drive strong tenant demand over the next several years.” According to CoStar, the Kenosha industrial market has had over 11 million square feet of industrial projects delivered in the past two years, with another 6 million planned or under construction. Local reports cite a strong need for additional…
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Two MLG Capital Executives Named Women of Influence by GlobeSt Real Estate Forum
Assistant Vice President Lindsey Collings and Associate General Counsel Carol Muratore receive national awards, marking second consecutive year that the MLG Capital team is recognized Brookfield, Wis. (July 27, 2023) – MLG Capital, a national leader in private equity investments in commercial real estate, today announced that Assistant Vice President Lindsey Collings and Associate General Counsel Carol Muratore were both named GlobeSt Real Estate Forum 2023 Women of Influence. The prestigious annual award competition honors a small number of the commercial real estate industry’s most influential women in the country. Their recognitions mark the second consecutive year that an MLG employee has received the award after Assistant Vice President Jade Hendricks earned it in 2022. Collings was recognized in the Investment Professional category for her two-part role in leading MLG’s joint venture private equity strategy in the Mountain West region and leading MLG’s Registered Investment Advisor strategy nationwide. Last year, Lindsey played an essential part in the firm’s acquisition of more than $1.2 billion in real estate assets and helped close the firm’s largest investment fund to date – MLG Private Fund V – in record time. Muratore was honored in the CRE Legal Counsel category for her impressive 34-year…
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MLG Capital Purchases Hampshire Technology Center in Minnesota
Class B flex property will be renovated to create a desirable office and warehouse mix to support the Minneapolis DMA’s strong job market and growing labor force Brookfield, Wis. (May 15, 2023) – MLG Capital – a national leader in diversified private real estate investments – today announced its acquisition of Hampshire Technology Center, located at 10900 Hampshire Ave S in Bloomington, Minn. The 14+ acre Class B flex-industrial property features more than 144,000 square feet and over 680 parking spaces. MLG acquired the property in partnership with Hoyt Properties, its sixth such project with the firm, and plans to make interior renovations to maximize the space and create a more desirable office/warehouse mix. “This is an exciting acquisition for us, located in a desirable submarket that MLG has executed on several successful investments,” said Nathan Clayberg, vice president at MLG Capital. “Given the tight occupancy in the market and our partner, Hoyt Properties, leasing capability, we are confident that we will be able to get this building leased and create value for all involved.” According to the Bureau of Labor Statistics, Minneapolis is ranked in the top 10 best job markets in the U.S. Its labor force has grown…
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MLG Capital’s First-of-it’s-kind Real Estate Divesting Fund Surpasses $1B in Assets
Innovative Legacy Fund reaches impressive milestone nearly two years after first-to-market launch Partners and clients praise Fund for offering a tax-deferred exit strategy for real estate owners that eliminates the burden of managing property, provides membership and estate planning flexibility, and diversifies clients’ portfolios Brookfield, Wis. (May 11, 2023) – MLG Capital, an investment firm with decades of experience in real estate investment, asset management and tax-deferred exit strategies, today announced that its unique Legacy Fund has surpassed $1 billion in assets, marking a significant milestone for this first-of-its-kind solution. The Legacy Fund provides owners of commercial real estate a tax-deferred exit option to contribute their property in exchange for units of a professionally managed, diversified real estate fund. Prior to the inception of this unique Fund solution, owners of real estate assets were limited to holding and managing their portfolio or less desirable tax-deferred exit strategies – like 1031 exchanges, Delaware Statutory Trusts, or UPREIT transactions – that often include shortfalls including high fees, limited future tax-sheltering benefits, public market volatility and more. After years of planning, MLG Capital created the MLG Legacy Fund to provide a solution to this challenge. The Fund’s first acquisition was in February of…
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MLG Capital Purchases Class A Apartment Property in San Antonio
Reata at Alamo Ranch becomes firm’s 29th multifamily asset in Texas Brookfield, Wis. (February 16, 2023) – MLG Capital – a national leader in diversified private real estate investments – today announced its acquisition of Reata at Alamo Ranch, located at 11211 Westwood Loop in San Antonio. The Class A, 227,000 sq. ft. multifamily property features 232 luxury studio, one-, two- and three-bedroom apartments with attractive amenities. “We are excited about this acquisition, which is located in a desirable area with high population growth and close proximity to some of the city’s largest employers,” said David Rodriguez, Assistant Vice President of MLG Capital. “With a low cost of living, strong job growth and a high quality of life, the San Antonio market continues to rank among the fastest growing cities in the country. We expect that trend to continue in the next five years and are pleased to expand our footprint in the area.” According to Costar, San Antonio ranked as the #2 city for white-collar job growth since the start of the pandemic, and the five-year population growth is projected at more than 13%. Similarly, the Bureau of Labor Statistics projects San Antonio to add an additional 170,000 new…
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MLG Capital Tops $1 Billion in Private Real Estate Acquisitions for Second Consecutive Year
Brookfield, Wis. (January 10, 2023) – MLG Capital – a national leader in diversified private real estate investments – today announced that the firm saw another record-breaking year in 2022 as acquisitions totaled more than $1.2 billion. 2021 marked the first year that MLG surpassed $1 billion in asset acquisitions, and this past year it continued that success with more than 7,100 multifamily apartment units and 1.8 million square feet of commercial space, acquired across 14 states “MLG has invested in over $5.6 billion of transactions, which is the total of sold assets and the estimated current value of current investments as of Q3 2022. This figure represents approximately 39.5 million square feet of assets, inclusive of more than 33,900 multifamily apartment units across the country, further strengthening our diverse portfolio and positioning us as a leader in the industry,” said David Binder, Senior Vice President of MLG Capital. The Wisconsin-based firm switched to a diversified fund strategy in 2012 that provides investors the opportunity to participate in portfolios of real estate assets rather than individual deals. In May 2022, MLG launched its sixth diversified fund, with an equity raise goal of $400 million. “Our real estate investments continue to deliver consistent and strong…
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MLG Capital Vice President Billy Fox Named One of Multifamily’s “Rising Stars” by Multi-Housing News
Brookfield, Wis. (December 5, 2022) – MLG Capital, a national leader in private equity real estate investments, today announced that one of its Vice Presidents, Billy Fox, was named a “Rising Star” by Multi-Housing News in the publication’s annual Excellence Awards program. The prestigious annual award honored only four of the industry’s leading young talents across the nation, and this latest recognition marks the second consecutive year that an MLG Capital employee has received the distinguished honor. Vice President David Binder was recognized in 2021. Fox, who joined MLG in 2014, leads the efforts for the firm’s tax-deferred real estate investments and plays a pivotal role in analyzing and sourcing multi-family and commercial property acquisitions. In 2021, he was a key part of MLG’s most successful year to date, during which the firm exceeded $1 billion in acquisitions, including more than 7 million square feet of property and nearly 6,900 apartment units across 10 states, and surpassed $1 billion in historically invested equity. Fox was also instrumental in launching MLG’s new 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. It is a unique solution in…
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MLG Capital Named Top Influencer in Multifamily by GlobeSt Real Estate Forum
Brookfield, Wis. (November 1, 2022) – MLG Capital today announced it was named a top Influencer in Multifamily Real Estate by GlobeSt. Real Estate Forum. The awards recognize individuals, teams and organizations that are impactful leaders within the industry. MLG Capital was honored in the Organization category. The private investment real estate investment firm headquartered in Brookfield, Wis., was recognized for several recent accomplishments, including surpassing $1 billion in annual commercial real estate acquisitions for the first time in 2021, closing its $350 million Private Fund V months ahead of schedule and introducing its largest fund yet – the $400 million Private Fund VI. MLG also recently launched unique investment products, including the Legacy Fund – a solution for wealth transfer and estate planning for families with appreciated real estate which achieves significant income and estate tax savings and the MAD Initiative for charitable-minded investors. “It has been a record-breaking 18 months for MLG, and we are honored to receive this national recognition for our hard work,” said Tim Wallen, CEO and Principal of MLG Capital. “It’s exciting to see the dedication of our talented team continue to accelerate our growth and the trust of our external partners. This honor demonstrates their commitment to and expertise in the…
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