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The latest news, information, and event details from MLG Capital. Check back often to see what is happening!

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  • News

    MLG Capital Sells The Park At Forest Hill in Memphis, Tennessee

    MLG Capital, the premier outsourced investment manager in private real estate for Investment Advisors, Family Offices and High Net Worth Individuals since 1987, in partnership with Continental Realty Group, through its subsidiary Continental Realty Assets, Ltd. (“CRA”), a Denver-based multi-family investment firm, have completed the disposition of The Park At Forest Hill, a 601-unit multifamily property built in 2002/2007 in Memphis, Tennessee. The sale price was $64 million. Located in the Germantown/Southwind submarket of Memphis, the 601-unit community was developed in two phases in 2002 and 2007. The property directly benefits from its proximity to high-profile corporate centers, a beautiful country club environment, and a state recognized exemplary school district. Transaction Highlights: MLG and CRA purchased the property in 2016 for $39.1 million and undertook a light value-add and re-branding strategy which included renaming the property from ‘Greens at Irene’ to ‘Park at Forest Hill’. The business plan primarily focused on improving the common areas and amenities, while also upgrading select units with items such as new vinyl plank flooring, stainless steel appliance package, kitchen and bathroom cabinet fronts and all new unit hardware. The asset management team directed over $3.1 million to the improvement of the physical property with…

  • News

    MLG Capital Purchases Park Avenue Apartments in Gainesville, Florida

    MLG Capital, the premier outsourced investment manager in private real estate for Investment Advisors, Family Offices and High Net Worth Individuals since 1987, announced its most recent acquisition of Park Avenue, a Class A+ 298-unit multifamily property built in 2016 in Gainesville, Florida. “The purchase of Park Avenue represents an off-market transaction sourced through MLG Capital’s historical relationships. Gainesville is home to the University of Florida, which is the state’s largest and oldest university, demand for housing is strong, and the market maintains high rent growth due to low vacancy,” said Ryan Mueller, Vice President of Acquisitions at MLG Capital. Purchase Highlights: MLG Capital acquired the property for $56 million. Amenities include gourmet kitchens with European-inspired cabinetry, sleek granite countertops, wood-style flooring, spacious pantries, and stainless steel appliances. Other features include washer and dryer sets, USB charging station, 9-foot ceilings, walk-in closets, and luxury bathrooms. The community offers a resort style beach entry pool surrounded by palm trees, hammocks and cabanas, a large grill station area with pergolas, and a dog park. The clubhouse includes an iMac and PC cyber business center, self-service café, a state-of-the-art gym with circuit training, cardio machines, weights, yoga studio, fitness on demand, game tables and a…

  • News

    MLG Capital Sells Metro Milwaukee, WI Retail Center

    MLG Capital, the premier outsourced investment manager in private real estate for Investment Advisors, Family Offices and High Net Worth Individuals since 1987, announced its most recent sale of a retail asset located in Metro Milwaukee, WI. The asset includes ±240,000 sf of retail situated near Interstate 43. Counting money invested into improvements to the property, revenue generated by the leasing, proceeds from the sales and all the other financials, the MLG Capital fund exited the deal with a 15.82% internal rate of return, or IRR. For each $1 invested, $1.57 was produced said David Binder, Vice President  at MLG Capital. Sale Highlights: Purchase Price: $33.5M Sale Price: $39.5M Great value-add potential – acquired with 40% of Rent Roll which expired in first 14 months. And had opportunity to sell individual buildings. Back-filled space with two new anchor tenants. Executed the business plan according to plan, by re-tenanting within 2 years of ownership.

  • News

    Craig Lashley Named Executive of the Year at the 2019 Sapphire Awards | MLG Capital

    MLG Capital is proud to announce that Craig Lashley was awarded Executive of the Year at the 2019 Sapphire Awards presented by The Apartment Association of Greater Dallas (AAGD). What made this even more special was that this was the first time ever this award was given out! Craig was up against some extremely tough completion and very humbled to win the award. The Apartment Association of Greater Dallas is the rental housing trade association for the Greater Dallas Metro area. Founded in 1959, AAGD is one of the largest local apartment associations in the country. AAGD represents over 1000 owner/management company members that own or manage over 2,700 apartment communities throughout the Dallas area. In addition, there are 750 businesses that provide products and services to the industry. So if your doing the math, Craig may be number 1 of 1,750 successful company executives in the minds of this committee, but one in a million to us! Of course, Craig was quick to point out the support he gets from his team members in both Dallas and Wisconsin. Under Craig’s leadership, Valiant has quickly grown to the 6th largest property management firm in Dallas and has also been recognized…

  • News

    MLG Capital Purchases Apartments in Former Pabst Brewing Complex

    MLG Capital, the premier outsourced investment manager in private real estate for Investment Advisors, Family Offices and High Net Worth Individuals since 1987, announced the purchase of Frederick Lofts, a 100-unit multi-family apartment complex located in The Brewery neighborhood within a half mile of the new $524M Fiserv Forum, home of the Milwaukee Bucks (NBA) and Marquette Golden Eagles (NCAA). Purchase Highlights: MLG Capital purchased Frederick Lofts for approximately $16 million A superior amenity package features a yoga room, resident clubhouse, fitness center, conference rooms, media room, rooftop deck with BBQ, elevator, bike rack and storage, underground parking, controlled building access, high speed internet and 24-hour emergency service. MLG Capital purchased Frederick Lofts off-market for $16 million this month. The 270,473 square foot, 100-unit property will be managed and operated by entities related to MLG Capital and features amenities such as a resident clubhouse, fitness center, yoga room, media room, underground parking and a roof top deck with BBQ area. “We plan to invest capital to maintain the class A interior of the 100 units, each of which has an open loft layout, fully equipped kitchen, granite counter tops, breakfast bar, walk-in closets, central air conditioning and more,” said Andy Bruce, Executive…

  • News

    Registered Investment Advisor (“RIA”) Private Real Estate Survey

    During the first quarter of 2018, MLG Capital executives met one-on-one with RIAs throughout the United States, attended and hosted Registered Investment Advisor (RIA) events, and issued a written nationwide RIA survey to determine how the private real estate industry can better help RIAs meet their clients’ needs. Based on survey results as well as individual conversations over the years with 100+ RIAs, several clear trends emerged. “Our research uncovered a major overarching theme. Investors ask their RIAs about private real estate constantly. RIAs believe their clients should be invested in private real estate and they believe it has a low correlation to the public market. However, few are investing in it at present, primarily because they don’t know where to find information and/or have not seen the data”, said MLG Capital CEO & Principal Timothy J. Wallen. Key RIA survey findings include: 93% of RIAs believe clients should have alternative investments within their portfolio. 80% of RIAs expect alternative investments to produce between a 5-10% return. 73% of RIA’s clients invest in real estate with real estate representing 29% of all alternatives investments listed (private equity, private real estate, hedge funds, oil/gas, other). If an alternative investment product would…

  • News

    MLG 1099 Dividend Fund IV Saves Time and Money for RIAs and Their Clients

    MLG Capital (“MLG”) is accepting investments into MLG Private Fund IV LLC and the “MLG 1099 Dividend Fund IV,” a parallel fund that enables Registered Investment Advisors (RIAs) to gain access to private real estate via retirement vehicles while targeting to eliminate unrelated business taxable income (UBTI) and multi-state filings. Use “Income generated by retirement vehicles such as IRAs and 401ks are typically subject to UBTI when investing in passive, debt backed real estate, such as our offerings. We recognized this as a major deterrent for RIAs to expose their retirement fund clients to private real estate. As well, RIAs typically do not want to go through egregious process of filing multiple state tax returns for their retirement fund clients exposed to a real estate fund product. We created the MLG 1099 dividend fund as a way for RIAs to now expose their clients to the benefits of a diversified private real estate fund while targeting to avoiding UBTI and multistate filing,” said MLG Capital Assistant Vice President Mike Slinde. MLG Capital (“MLG”) is accepting investments into MLG Private Fund IV LLC and the “MLG 1099 Dividend Fund IV,” a parallel fund that enables Registered Investment Advisors (RIAs) to gain…