News

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, bringing MLG’s historically owned number of units in the state to more than 812 units.

Key features of the Summit Village property include:

Outdoor swimming pool

Tennis courts

Clubhouse

###

About MLG Capital

MLG Capital is the premier outsourced investment manager in private real estate for investment advisors, family offices and accredited individuals. Since its inception in 1987, the firm and associated entities have had active, exited, or pending investments totaling approximately ±35 million square feet of total space across the United States, inclusive of more than 30,000 apartment units, with exited and estimated current value exceeding $4.7 billion, as of 3/31/2021. For more information about MLG Capital and its investments, visit the firm’s newsroom.

For more information, contact:

Katie Whitlock, Public Relations
Laughlin Constable
kwhitlock@laughlin.com
414-305-5927

This release does not constitute an offer to sell an investment in a security. Offers to sell an investment in a security can only be made to a qualified purchaser by delivery of a Confidential Private Placement Memorandum (the “Memorandum”), any supplements to the Memorandum and accompanied by a Subscription Document Booklet. The information contained in this release may be preliminary in nature and may have not been independently verified by MLG Capital or its affiliates. The recipient of this release should consult with its own investment, tax and/or legal professionals about the merits of the investment. MLG Capital does not make any representation or warranty as to the accuracy or completeness of any information presented in this release. Any financial information or projections may be initial estimates and may be subject to change without notice to recipient. An investment into a private offering is subject to various risks, none of which are described herein. All figures as of 3/31/2022. Value consists of disposed of assets as well as the current internal valuation of currently held assets as of 3/31/2022. Values may not have been reviewed by an independent 3rd party and may be internal projections.

Investment Insights to Keep You Ahead

EXPLORE MORE INSIGHTS
  • news image
    Thought Leadership

    What is the J-Curve?

    By Zach Hohl
  • news image
    News & Events

    MLG Capital Releases CRE Market View With Unique Insights And Trends In Multifamily, Industrial And Capital Markets

    Annual report helps investors navigate the private real estate market and provides MLG’s outlook on opportunities and challenges facing the industry Brookfield, Wis. (September 24, 2024) – MLG Capital – a national leader in private real estate investments ­­– today announced the release of its annual “2024 Market View,” a robust report featuring the firm’s insights on the multifamily, industrial, retail and office sectors, along with current trends in capital markets. The market view provides an inside look for investors on the state of the private real estate market, including where opportunities may exist and calling out important trends. The following is a summary of key findings in select sectors, and the full report can be viewed and downloaded here. Multifamily sector offers long-term stability amid short-term supply wave According to MLG, the multifamily sector continues to demonstrate resilience, even as broader economic challenges persist. The ongoing appeal of multifamily investments is supported through the following: Sustained Demand: Continued population and household formation growth combined with increasing unaffordability of single-family homes is pushing more people into renting. Further, many individuals are renting for longer as marriage and children are pushed out to later ages, bolstering the multifamily market.  Short-Term Supply Headwinds, Near- and Long-TermTailwinds: The multifamily market is enduring all-time highs in new deliveries that are expected...

  • news image
    News & Events

    2024 Annual Fall Event

    We recently had the privilege of hosting investors, partners, and team members at our headquarters for our Annual Fall Event! With nearly 350 registrants, the event was a tremendous success, made even more memorable by the enthusiastic participation of everyone who attended. From start to finish, the evening was filled with excitement, inspiration, and meaningful connections.  One of the highlights of the evening was the panel discussion featuring Principal & CEO, Tim Wallen, along with SVPs Billy Fox and Daniel Price, and moderated by VP Nathan Clayberg. The panelists shared their deep insights into what sets MLG apart, our perspective on the current market, and our proven investment strategy. Their expertise and perspectives highlighted the essence of MLG and the strategic vision guiding our approach.  During the event, there were countless opportunities for networking, great conversation, and exploring new partnerships. The room was energetic as individuals and industry leaders exchanged ideas, shared experiences, and celebrated each other’s successes.   As we reflect on this remarkable evening, we are excited about the opportunities ahead. We look forward to continuing our collaboration, fostering innovation, and celebrating ongoing successes!  View Photos From the Event Here (Click image for photos of the evening)