May 22, 2024
MLG Capital opens Denver-area office after $51M apartments purchase
MLG Capital said it has established an office in the Denver area after acquiring an apartment complex in Denver’s East Colfax neighborhood earlier this month for $51.05 million. Read the full article from the Milwaukee Business Journal.
March 27, 2024
Wisconsin firm pays $51.1M for Denver apartments
The Lowry North apartments at 8001 E. 11th Ave. sold to MLG Capital, a Wisconsin-based real estate investment firm. Mitch Faccio, senior vice president at MLG Capital, said in a statement that the apartment complex is “in a prime neighborhood with great access to major entertainment districts.” Read the full article from the Denver Business Journal.
March 21, 2024
MLG Capital Pays $51M for Denver Asset
MLG Capital has acquired Lowry North, a 192-unit community in Denver, for $51 million. The 2002-completed community consists of five three-story buildings, with one-, two- and three-bedroom floorplans. Units range between 702 and 1,200 square feet and feature private balconies or patios. Read the full article from Multi-Housing News.
December 21, 2023
MLG Capital Purchases Meadows at River Run Multifamily Property in Bolingbrook
Apartment property features quality amenities in a desirable suburban Chicago setting Brookfield, Wis. (December 21, 2023) – MLG Capital – a national leader in diversified private real estate investments – today announced its acquisition of the Meadows at River Run multifamily property, located at 350 Whitewater Drive in Bolingbrook, IL. The apartment property was built in 2001 and features 374 apartment units, high-quality amenities and a suburban location with well-rated school districts and a robust labor market. “We are excited about the acquisition of Meadows at River Run,” said Daniel Price, Senior Vice President at MLG Capital. “We think this is a great property that is very well positioned in the marketplace. Meadows at River Run marks our 18th and final acquisition of 2023, a year in which MLG Capital has remained very active despite overall transaction activity being down significantly.” Meadows at River Run is on a major thoroughfare that provides convenient freeway access and great drive-by visibility. Both to the East and West are strong retail corridors, and the surrounding area has numerous employers and community amenities. The property itself features large, functional units, all with patios/balconies. Select units have stainless appliances, vaulted ceilings and/or attached garages. There...
October 27, 2023
MLG Capital Closes Three Milwaukee-Area Multifamily Property Deals in October
Brookfield, Wis. (October 27, 2023) – MLG Capital – a national leader in diversified private real estate investments – today announced it has closed on the acquisitions of three Milwaukee-area multifamily properties – Trostel Square, Norhardt Crossing and Norhardt Apartments. “MLG Capital is thrilled to announce these recent acquisitions near our headquarters. We are excited to make a sizeable investment in the Milwaukee area as we know first-hand its desirability to live in and continue to see the area draw key employers and attractions,” said Daniel Price, Senior Vice President of MLG Capital. “With the economic growth of the area and the strong locations of these properties, we expect these acquisitions to perform very well.” Trostel Square (1818 N. Commerce St, Milwaukee, WI) is a 99-unit, mid-rise multifamily property featuring one- and two-bedroom units with attractive in-unit and community amenities. Key features of the property include private balconies, expansive floorplans, an underground parking garage, detached clubhouse and direct access to Milwaukee’s River Walk. The property is located in Brewers Hill, an established and desirable neighborhood of Milwaukee with convenient access to many of the city’s major employers and attractions in and near downtown. Norhardt Crossing (1930 Norhardt Dr, Brookfield, WI) and Norhardt Apartments...
July 28, 2023
MLG Capital Purchases Market Square Multifamily Property in Kenosha
Class A Apartment property features high-quality amenities and a convenient location in a market with high demand for multifamily housing Brookfield, Wis. (July 28, 2023) – MLG Capital – a national leader in diversified private real estate investments – today announced its acquisition of the Market Square apartment property, located at 3100 Market Lane in Kenosha. The Class-A apartment property was built in 2017 and 2019 and features 330 apartment units, robust amenities and a convenient location near high-quality retail in a key industrial corridor. MLG acquired an interest in the property with its growing Legacy Fund, which offers a tax-deferred exit strategy for private real estate owners. “This is an exciting acquisition in a market with significant commercial development and convenient access to both Milwaukee and Chicago,” said Daniel Price, senior vice president at MLG Capital. “MLG expects to see continued industrial development and job growth in this corridor that will drive strong tenant demand over the next several years.” According to CoStar, the Kenosha industrial market has had over 11 million square feet of industrial projects delivered in the past two years, with another 6 million planned or under construction. Local reports cite a strong need for additional...
May 15, 2023
MLG Capital Purchases Hampshire Technology Center in Minnesota
Class B flex property will be renovated to create a desirable office and warehouse mix to support the Minneapolis DMA’s strong job market and growing labor force Brookfield, Wis. (May 15, 2023) – MLG Capital – a national leader in diversified private real estate investments – today announced its acquisition of Hampshire Technology Center, located at 10900 Hampshire Ave S in Bloomington, Minn. The 14+ acre Class B flex-industrial property features more than 144,000 square feet and over 680 parking spaces. MLG acquired the property in partnership with Hoyt Properties, its sixth such project with the firm, and plans to make interior renovations to maximize the space and create a more desirable office/warehouse mix. “This is an exciting acquisition for us, located in a desirable submarket that MLG has executed on several successful investments,” said Nathan Clayberg, vice president at MLG Capital. “Given the tight occupancy in the market and our partner, Hoyt Properties, leasing capability, we are confident that we will be able to get this building leased and create value for all involved.” According to the Bureau of Labor Statistics, Minneapolis is ranked in the top 10 best job markets in the U.S. Its labor force has grown...
April 11, 2023
Understanding the K-1: A Guide for Real Estate Investors
As an investor in a diversified private real estate fund, you have likely come across the term “K-1” and have wondered both what it is and what it means to you. The K-1 is an important tax form that every investor in a partnership, including a real estate investment fund like the series of MLG Private Funds, receives annually, and is a very important document needed for filing your taxes. Let’s break down what a K-1 is, and more importantly, how this document can impact real estate investors personal tax filings. What is a Schedule K-1? A K-1 is a tax form that is used to report a partner’s (investors) share of the income, deductions, credits, and other allocable items of a partnership. It is required to be filed by every partnership (including a real estate investment fund) with the Internal Revenue Service (IRS) and provided to each partner (investor) annually. The K-1 reports the investor’s annual share of the partnership’s taxable income and is used to prepare the investor’s individual tax return What information is included on a K-1? A K-1 form typically includes the following information (see an example 2022 K1 from the IRS): Your tax basis...
February 16, 2023
MLG Capital Purchases Class A Apartment Property in San Antonio
Reata at Alamo Ranch becomes firm’s 29th multifamily asset in Texas Brookfield, Wis. (February 16, 2023) – MLG Capital – a national leader in diversified private real estate investments – today announced its acquisition of Reata at Alamo Ranch, located at 11211 Westwood Loop in San Antonio. The Class A, 227,000 sq. ft. multifamily property features 232 luxury studio, one-, two- and three-bedroom apartments with attractive amenities. “We are excited about this acquisition, which is located in a desirable area with high population growth and close proximity to some of the city’s largest employers,” said David Rodriguez, Assistant Vice President of MLG Capital. “With a low cost of living, strong job growth and a high quality of life, the San Antonio market continues to rank among the fastest growing cities in the country. We expect that trend to continue in the next five years and are pleased to expand our footprint in the area.” According to Costar, San Antonio ranked as the #2 city for white-collar job growth since the start of the pandemic, and the five-year population growth is projected at more than 13%. Similarly, the Bureau of Labor Statistics projects San Antonio to add an additional 170,000 new...
February 8, 2023
MLG Capital Tops $1 Billion in Private Real Estate Acquisitions for Second Consecutive Year
Brookfield, Wis. (January 10, 2023) – MLG Capital – a national leader in diversified private real estate investments – today announced that the firm saw another record-breaking year in 2022 as acquisitions totaled more than $1.2 billion. 2021 marked the first year that MLG surpassed $1 billion in asset acquisitions, and this past year it continued that success with more than 7,100 multifamily apartment units and 1.8 million square feet of commercial space, acquired across 14 states “MLG has invested in over $5.6 billion of transactions, which is the total of sold assets and the estimated current value of current investments as of Q3 2022. This figure represents approximately 39.5 million square feet of assets, inclusive of more than 33,900 multifamily apartment units across the country, further strengthening our diverse portfolio and positioning us as a leader in the industry,” said David Binder, Senior Vice President of MLG Capital. The Wisconsin-based firm switched to a diversified fund strategy in 2012 that provides investors the opportunity to participate in portfolios of real estate assets rather than individual deals. In May 2022, MLG launched its sixth diversified fund, with an equity raise goal of $400 million. “Our real estate investments continue to deliver consistent and strong...
