Events and Newsroom
The latest news, information, and event details from MLG Capital. Check back often to see what is happening!
Speakers Bureau-
Media Mentions
MLG Capital uses unique approach to make $51M buy in Denver
Mitch Faccio, Senior Vice President, was interviewed by Multifamily Dive to discuss MLG Capital’s approach to a recent $51M acquisition in Denver that provided tax benefits to the seller. Read the full article here.
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Media Mentions
Mike Mooney – Wisconsin 275 Most Influential Business Leaders
Mike Mooney, Co-Founder, Principal and Chairman Emeritus at MLG Capital, was recognized in the 2022 edition of the Wisconsin 275, highlighting the most influential business leaders in the state. Read the full article from Biz Times here: https://biztimes.com/mike-mooney-wisconsin275/?bypass=6394f3460a411
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Media Mentions
Wisconsin firm pays $51.1M for Denver apartments
The Lowry North apartments at 8001 E. 11th Ave. sold to MLG Capital, a Wisconsin-based real estate investment firm. Mitch Faccio, senior vice president at MLG Capital, said in a statement that the apartment complex is “in a prime neighborhood with great access to major entertainment districts.” Read the full article from the Denver Business Journal.
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Media Mentions
MLG Capital Pays $51M for Denver Asset
MLG Capital has acquired Lowry North, a 192-unit community in Denver, for $51 million. The 2002-completed community consists of five three-story buildings, with one-, two- and three-bedroom floorplans. Units range between 702 and 1,200 square feet and feature private balconies or patios. Read the full article from Multi-Housing News.
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Media Mentions
40 Under 40: David Binder, MLG Capital
David Binder, Senior Vice President, was recently awarded the Milwaukee Business Journal’s “40 Under 40” award. Read the full article from the Milwaukee Business Journal here: https://bizj.us/1qksh6
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Media Mentions
David Binder Recognized by the University of Wisconsin – Milwaukee
David Binder, Senior Vice President, was recently featured in the University of Wisconsin – Milwaukee’s UWM Report. David’s alma mater celebrated his recent “40 Under 40” award from the Milwaukee Business Journal. Read the story here: https://uwm.edu/news/uwm-alums-recognized-with-40-under-40-honors/
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Media Mentions
MLG Capital sells value-add apartments in Fort Worth
The Real Deal: MLG Capital sells value-add apartments in Fort Worth. The Wisconsin-based firm redid more than 100 apartments, renovated the clubhouse and pool area and added an outdoor firepit.
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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…
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Media Mentions
MLG Capital CEO Featured on Tax Smart Podcast
Tim Wallen, Principal and CEO, and Rick Reuter, Senior Vice President and Controller, were recently featured on the Tax Smart Podcast. From the Tax Smart Podcast, “In the dynamic world of real estate investment, understanding the intricacies of tax planning and investment strategies is crucial for maximizing returns. A recent episode of the Tax Smart REI Podcast, featuring Tim Wallen, CEO of MLG Capital, and Rick Reuter, Controller at MLG Capital, offers profound insights into why the current market is ripe for investment and how strategic tax planning can significantly enhance investment outcomes. This blog post delves deeper into their discussion, providing valuable takeaways for real estate investors and accountants alike”. To listen or watch the recording, see below; Apple Podcast: Episode 260. Tax Structuring Considerations for Transferring Real Estate Wealth to the Next Generation. HallCPA Website: Optimizing Wealth Transfer in Real Estate Youtube: The Ultimate Guide to Tax-Efficient Real Estate Inheritance Planning
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Media Mentions
49 Milwaukee-area business leaders you should watch in 2024
AVP of Investor Operations, Jade Hendricks, noted on the list of 49 Milwaukee-area business leaders you should watch in 2024. Read the story and see the list here: https://www.bizjournals.com/milwaukee/news/2024/01/05/executive-profiles-people-to-watch-in-2024.html
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