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
Welcome J. Michael “Mike” Mooney to the CARW Commercial Real Estate Hall of Fame
Mike Mooney is the co-founder, and principal at MLG Capital, a real estate investment firm, headquartered in Brookfield, Wisconsin. As a veteran of the industry with over 55 years of experience in all aspects of real estate, Mike’s vast knowledge can only be compared to his love of forward-thinking company culture. Every day, he lives the core values of MLG: making a difference while making a living, and absolute integrity. Mike’s numerous board and leadership positions have included co-founder, Past-President, and longtime director of NAIOP-WI, Board Member of the Wisconsin Realtors Association, Director of the Wisconsin Economic Development Association, and a member of NAI Global’s Worldwide Leadership Board, including two terms as Chairman. In 2010, Mike and Margaret Farrow led the merger of the Waukesha County Chamber and Waukesha County Action Network to create the Waukesha County Business Alliance, now the second-largest chamber in the state of Wisconsin. Mike has been recognized across many Wisconsin-focused real estate associations with awards in 2006 as CARW’s Realtor of the Year, in 2009 with the creation and as the first recipient of the NAIOP-WI J. Michael Mooney Award for “extraordinary leadership in advancing economic development in Wisconsin”, and in 2015 with the Wisconsin…
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News
MLG Capital’s Multifamily Ownership Grows to Over 23,000 Units with Recent Acquisitions
Brookfield, Wis. (October 18, 2022) – MLG Capital today announced it completed 12 acquisitions in Q3 2022. The acquisitions consisted of one office asset and seven multifamily assets. The properties are located in Colorado, Illinois, Minnesota, Tennessee, Virginia and Wisconsin. The acquisitions add more than 1,550 units and nearly 1.6 million square feet to MLG’s portfolio that currently spans 18 states. With the closing of these recent deals, MLG has had active, exited or pending investments totaling approximately 39.1 million square feet of total space across the U.S., with exited and estimated current value exceeding $5.6 billion. “2022 continues to be a strong year for MLG, and we are pleased with the ongoing momentum thanks to our team’s hard work and dedication amid a competitive market,” said Assistant Vice President, Lindsey Collings. “These latest acquisitions span across three of our real estate investment funds, including our unique Legacy Fund solution. All of these acquisitions are part of our ‘smart deal’ strategy that targets diverse, income-producing properties that can produce the best returns for our investors.” Acquisitions were made via MLG’s Private Fund V and Private Fund VI, as well as its Legacy Fund, a unique, tax-efficient divesting solution for owners of appreciated real estate assets. The…
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News
MLG Capital’s Austin Carlson Named Emerging Leader by Waukesha County Business Alliance
Brookfield, Wis. (August 30, 2022) – MLG Capital, a Wisconsin-based private equity real estate investment firm, today announced that Divisional Controller Austin Carlson was named a Waukesha County Emerging Leader by the Waukesha County Business Alliance. The prestigious annual award honored only five individuals, and Carlson’s recognition marks the second consecutive year that an MLG Capital employee received the award. “Austin is an essential part of the team here at MLG, and we are thrilled that his leadership and hard work are being recognized outside of the office,” said Rick Reuter, Controller & VP at MLG Capital. “Austin’s work ethic and dedication is second to none. He is a true team player, and we are so proud of this accomplishment.” Carlson joined MLG Capital in 2018 and has been an exponential part of the firm’s growth. He oversees the fund accounting team and recently led a project to overhaul the firm’s investor portal. That effort took MLG to the next level with investor offerings and user experience, while integrating the back end of the business to provide enhanced efficiencies. Austin’s leadership in that project provided the firm the operational capacity to triple the size of its funds without needing to add additional finance staff….
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News
MLG Capital Purchases Two Memphis Area Apartment Properties
Brookfield, Wis. (August 23, 2022) – MLG Capital today announced its acquisition of two multifamily properties in the Memphis area – Preserve at Southwind (7991 Capilano Drive in Memphis) and Preserve at Bartlett (8840 Bristol Park Drive in Bartlett). The properties total 306 and 300 units respectively and both feature a range of one-, two- and three-bedroom floor plans with attractive amenities. “The Preserve Portfolio is an exciting acquisition for several reasons. Both properties are well-located in desirable submarkets of Memphis with strong school districts. Memphis is an integral part of the national logistics network, and these properties offer convenient access to some of the area’s largest employers – Southwind is mere blocks from the FedEx World Headquarters. The Bartlett asset plays a key role in providing upscale living at a manageable price point, given the rental housing supply constraints in that community,” said Mike Slinde, AVP of private equity for MLG Capital. “These acquisitions reflect MLG’s goal to expand our direct acquisition platform into the Southeast, a strategy to target a variety of income-producing multifamily properties that provide diversification for our Funds.” MLG Capital has been acquiring assets since 1987. Since 2012, the firm has operated under a fund strategy, providing investors the opportunity to…
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News
MLG Capital Named to INC. 5000 List for Second Consecutive Year, Ranked Among Fastest Growing Private Companies in U.S.
Brookfield, Wis. (August 16, 2022) – The 2022 Inc. 5000 List of the Fastest Growing Private Companies in the United States was announced today with MLG Holdings, parent of MLG Capital, named 3811th on the list. The company was ranked 145th overall in the Real Estate category, 38th in the State of Wisconsin (where their corporate headquarters resides) and 15th of all companies in the Milwaukee metro area. The private investment real estate management firm headquartered in Brookfield, Wis., recorded its best year ever in 2021 during which it closed its $250 million Fund IV in record breaking time. Additionally, the firm launched its $350 million Fund V and surpassed $1 billion in commercial real estate acquisitions annually for the first time. MLG also launched unique investment products, including the Legacy Fund – a solution for wealth transfer and estate planning for families with appreciated real estate which achieves significant income and estate tax savings and the MAD Initiative for charitable-minded investors. “Last year was a monumental year for our team in sourcing opportunities that resulted in the company researching, analyzing, organizing capital, negotiating and closing on more than 40 smart and exciting investments to benefit our clients and industry partners,” said Tim Wallen, CEO and Principal of MLG Capital. “It’s…
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News
MLG Capital’s Jade Hendricks Named Woman of Influence by GlobeSt Real Estate Forum
Brookfield, Wis. (July 27, 2022) – MLG Capital, a national leader in private equity investments in commercial real estate, today announced that Assistant Vice President of Investor Operations Jade Hendricks was named one of GlobeSt Real Estate Forum’s 2022 Women of Influence. The prestigious annual award honors a small number of the commercial real estate industry’s most influential women in the country. Hendricks received special recognition in the award’s Humanitarian category for her work spearheading charitable initiatives both inside and outside of MLG Capital. “Jade is highly deserving of this honor – her passion, creativity, integrity and commitment are rivaled only by her humility,” said David Binder, Vice President at MLG. “She is a natural leader who goes above and beyond in every aspect of her role, and in every aspect of her community involvement. We are so proud to have her as a member of our team.” Hendricks joined MLG Capital in 2020 after graduating from Nashville’s Fisk University with degrees in business and Spanish, and cutting her teeth in a traditionally male-dominated field as part of the Morgan Stanley Wealth Management team in Chicago. As her MLG hiring manager tells it, Hendricks’ job was designed specifically for her – defined on the…
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News
Seven Recent Acquisitions Grow MLG’s Footprint to More Than 22,300 Units Nationwide
Brookfield, Wis. (July 13, 2022) – MLG Capital today announced it completed seven acquisitions in Q2 2022. The acquisitions consisted of one industrial asset and six multifamily assets, one of which is mixed-use, and are located in Iowa, Minnesota, Ohio, Oklahoma, New Mexico, Illinois and North Carolina. The acquisitions add more than 1,800 units and nearly 1.9 million square feet to MLG’s portfolio that currently spans 17 states. With the closing of these recent deals, MLG has had active, exited or pending investments totaling approximately 36.1 million square feet of total space across the U.S., with exited and estimated current value exceeding $5 billion. “We are proud of the team’s hard work within a very competitive market to identify and acquire several properties that provide the best value to our investors,” said Dan Price, vice president at MLG Capital. “Our ‘smart deal’ fund acquisition strategy targets diverse, income-producing multifamily and commercial properties where we can produce the best risk-adjusted returns for our investors. These recent property acquisitions, in particular, will benefit from a value-add strategy to grow operating income through the execution of interior and exterior property improvements.” Among the recent acquisitions include: Springbrook Apartments (111 83rd Ave NE, Fridley, Minn.) – a 361-unit suburban property…
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MLG Capital Purchases Greensboro’s Summit Village
Brookfield, Wis. (May 31, 2022) – MLG Capital today announced its acquisition of the Summit Village multifamily property located at 199 Wind Road in Greensboro. The 198,500-square-foot property includes 276 studio, one- and two-bedroom apartment units. The firm plans to invest in a number of interior improvements to modernize the units, which were originally built in 1985. “Greensboro is a desirable investment market due to sustained job and population growth,” said Terry Wallen, Associate Vice President at MLG Capital. “MLG’s acquisition strategy enabled us to source this deal off-market and avoid what would certainly have been a competitive bidding process. This deal will provide enhanced diversification for our Fund and we believe it will contribute meaningfully towards achieving and hopefully exceeding our targeted returns.” MLG Capital has been acquiring assets since 1987, and since 2012, the firm has operated under a fund strategy, providing investors the opportunity to participate in portfolios of assets rather than individual deals. MLG’s residential property acquisitions focus on geographic, asset class and asset type diversification. The firm opened its MLG Private Fund VI in May with an equity raise goal of $400 million. Summit Village is the 1st property investment by MLG Capital in the Greensboro area and its 3rd in North Carolina,…
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News
MLG Capital Continues Its Successful Diversified Fund Series With Launch Of Sixth Private Real Estate Investment Fund
Brookfield, WI (May 2, 2022) MLG Capital today announced it has opened to investors its MLG Private Fund VI, which is the sixth in the firm’s series of private real estate investment funds. Fund VI will be MLG’s largest fund to date, with an equity raise goal of $400 million. The launch of Fund VI comes one month after the close of MLG Private Fund V, which set a record as the firm’s largest fund and fastest equity raise to date – capping off at $350 million and finishing 15 months ahead of schedule. “Our unique sourcing strategy for investment opportunities in a diversified fund structure has led to superior performance within the alternative private real estate space,” said Tim Wallen, Principal and CEO of MLG Capital. “We also have a major focus on creating significant income tax benefits and producing strong after-tax rates of return for our investors. We take great pride in the continued interest and trust from our investors, and we are excited about the opportunity to find smart real estate deals across the country for Fund VI.” Private Fund VI continues the firm’s focus on geographic, asset class and asset type diversification for investors. It targets 25-30+ investments located…
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News
First-of-its-Kind Fund Answers Need For Owners of Appreciated Real Estate Assets
Brookfield, WI (February 14, 2022) When owners of appreciated real estate assets are ready to divest their portfolio, they often find themselves in a bind, not wanting to completely separate from their properties and facing significant potential capital gains taxes if they sell them. The few tax-deferred exit strategies that have been available to these investors, like 1031 exchanges, Delaware Statutory Trusts or UPREIT transactions, all carry shortfalls including: potentially high fees, the requirement of ongoing active management, public market volatility and more. Until now. MLG Capital, an investment firm with decades of experience in real estate investment, asset management and tax-deferred exit strategies, recently created a first-of-its-kind, tax-efficient solution for owners of appreciated real estate assets who are ready to divest. It’s called the MLG Legacy Fund, and it allows accredited investors to contribute real property in exchange for units in a diversified fund. After making an asset contribution, investors receive a membership interest in the Legacy Fund and annual returns through the Fund’s diverse investments in multifamily, industrial, office and retail assets. Key benefits of the Legacy Fund include: Transitioning from active to passive real estate ownership and escaping the burdens of being a landlord Risk reduction through diversification…
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