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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 Wellington Apartment Homes is located in a desirable submarket of the Seattle MSA, with well-rated schools, an affordable cost of living and excellent proximity to outdoor recreation. The multifamily property is MLG’s first acquisition in Washington. ### About MLG Capital MLG Capital is a sponsor of private real estate funds targeting...
