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
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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Media Mentions
Top 12 Multifamily Predictions for 2024
Dan Price, Senior Vice President, was featured in Multi-Housing News article detailing the Top 12 Multifamily Predictions for 2024 . Read the full story here: https://www.multihousingnews.com/top-12-multifamily-predictions-for-2024/.
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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…
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Media Mentions
Corporate Citizen of the Year Winner: MLG Capital
BizTimes Milwaukee Business News: MLG Capital was officially named Corporate Citizen of the Year by BizTimes Media. In the past year, MLG Capital has contributed more than 240 volunteer hours to a variety of organizations through its corporate philanthropy committee, MLG Cares. The overall goal of MLG Cares is to provide engagement opportunities for employees and value to the community, in combination with other philanthropic endeavors that we focus on as a company. Read the full story on biztimes.com.
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Media Mentions
Michael Jagodinski, MLG Capital — CFO of the Year
Milwaukee Business Journal profiles MLG Capital’s chief financial officer, Michael Jagodinski, one of the recipients of the prestigious CFO of the Year award. Michael defines what it means to abide by MLG’s founding principles: Making a difference while making a living” and “absolute integrity.” “What this means to me is to work hard. … In fact, strive to outwork your competition,” Jagodinski said. “However, share the success and remain humble along the way. Always remember to appreciate the journey. We at MLG have been blessed with successes that we have worked very hard to achieve, however with that comes the responsibility to help others get opportunities in the future.” Read the full story on bizjournals.com.
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Media Mentions
Milwaukee Business Journal 2023 Best Places to Work Winners: MLG Capital
MLG Capital has been named a winner of the Milwaukee Business Journal’s 2023 Best Places to Work award for 5 years in a row! Visit the story on the Milwaukee Business Journal.
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