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MLG Capital Acquires Wellington Apartment Homes Multifamily Property Near Seattle
Acquisition is first under MLG Private Fund VII, which opened to investors in February Brookfield, Wis. (July 18, 2025) – MLG Capital – a national leader in diversified private real estate investments – today announced its acquisition of Wellington Apartment Homes, a multifamily asset located in Silverdale, Wash. The 240-unit, garden-style property offers spacious floor plans and a desirable amenity set, including bayside views, a heated pool, clubhouse, fitness center and dog park. MLG plans to conduct interior and exterior renovations, including installing stainless steel appliances, granite countertops and other premium features in all units, as well as improving property curb appeal and enhancing community amenities. “We are thrilled to acquire Wellington Apartment Homes and establish our footprint in the Pacific Northwest,” said Tom Pugh, Vice President at MLG’s Denver office. “This acquisition is especially exciting as it is MLG’s first under Private Fund VII, which opened to investors in February. With the assumption of attractive in-place financing, we believe this opportunity will generate beneficial cash flow for Fund VII while providing a clear path to increase net operating income through capital investment into the property. Overall, this acquisition aligns well with our diversified private fund strategy of acquiring quality...
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MLG Capital Completes First Acquisition in Washington State
MLG Capital, a real estate investor based out of Brookfield, Wisconsin, has acquired Wellington Apartment Homes in Silverdale, about 35 miles west of Seattle. The transaction marks the buyer’s first acquisition in Washington state. Read more at Multifamily and Affordable Housing Business.
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