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
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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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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