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 $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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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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