October 18, 2022
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...
August 23, 2022
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...
July 13, 2022
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...
May 31, 2022
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,...
January 6, 2022
MLG Capital Closes Most Successful Year to Date with Acquisition, Equity Milestones and Launch of Innovative Charitable Initiative
Brookfield, WI (January 6, 2022) As it celebrates its 35th anniversary in January of 2022, MLG Capital – a national leader in diversified private commercial real estate investments - has closed its most successful year to date, exceeding $1 billion in CRE acquisitions. In addition to its acquisition milestones, in 2021 MLG Capital surpassed $1 billion in historically invested equity since its inception in 1987. “MLG has now historically invested in over $3.7 billion of transactions, which is the total of sold assets and the estimated current value of current investments. This figure represents approximately 30,000,000 commercial square feet of assets, inclusive of nearly 25,000 multifamily apartment units across 19 states,” said David Binder, Vice President of MLG Capital. 2021 was a significant year for a firm that has seen exponential growth in the last decade. The Wisconsin-based firm acquired more than 7 million square feet of property, inclusive of nearly 6,900 apartment units across 37 multifamily properties and five commercial assets last year. Properties were acquired in 10 states across the Midwest, Southeast, South Central and Southwest regions. Much of this rapid growth and success can be attributed to the firm’s diversified fund strategies, which originally launched in 2012 and provides investors the...
February 17, 2021
MLG Capital Purchases Heights at Harper’s Preserve Apartment Property in Conroe, Texas
Brookfield, Wis. (February 16, 2021) MLG Capital today announced its acquisition of the Heights at Harper’s Preserve apartment community located at 17116 Harpers Trace in Conroe, Texas. The Class A, 328-unit multi-family apartment complex was built in 2017 and is located within the Harper’s Preserve Master Planned Community. “The Houston market is one of the fastest growing residential markets and accordingly, the suburb of Conroe is seeing a significant residential surge, growing nearly 40 percent in the last decade. We wanted to expand our ownership here, and this property was the right opportunity as it offers a quiet, suburban feel in close proximity to Houston and a school district that ranks among the top 10 percent in the nation,” said Mitch Faccio, Vice President of Acquisitions at MLG Capital. “We see significant continued growth for the Houston market in the next three to five years, particularly in the Conroe area.” MLG Capital has been acquiring assets since 1987. 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...
January 14, 2021
Opportune Des Moines and Charlotte Multi-Family Deals Grow MLG Footprint to More than 20K Units Nationwide
Brookfield, Wis (January 14, 2021) MLG Capital announced today it completed two opportune multi-family asset purchases in Iowa and North Carolina. This marks a milestone of having owned or sold more than 20,000 apartment units nationwide since the firm’s beginning in 1987. With the closing of these deals at year end 2020, MLG has also topped $2.7 billion in historic market value of assets currently held, sold or pending acquisition, encompassing more than 25.4 million square feet of property across 18 states. “Reaching any significant milestone as a company is exciting as it validates the hard work, expertise and passion of our professionals, and we are thrilled with these new, strategic acquisitions that fueled this latest growth spurt for a strong start in 2021,” said Billy Fox, CPA, Vice President at MLG Capital. The Des Moines, Iowa, purchase includes three apartment complexes, Alice Patricia (720 NE Alice’s Rd., Waukee, IA 50263), Sterling Pointe (10509 Dorset Dr., Johnston, IA 50131) and Johnston Heights (6120 NW 106th St., Johnston, IA 50131). Built between 2013 and 2020, the Class A properties collectively have 540 units and nearly 600,000 square feet. The three-property sale was acquired via partnership with ARTISAN Capital Group, a multi-family investment management partner with local...
November 3, 2020
MLG Capital and Partner Purchase Pinewood Apartments in Augusta, GA
Brookfield, Wis. (October 28, 2020) – MLG Capital announced today the acquisition of Pinewood at National Hills located at 1075 Bertram Road in Augusta, Ga. The 160-unit multi-family apartment complex was built in 1983 and is a Class B property. The property was acquired in an off-market transaction partnership with The Sterling Group, a real estate investment management group with local expertise in the Augusta market. “Our joint venture acquisition strategy involves purchasing income-producing multifamily assets in high-growth markets that are priced under market value, and we partner with strong real estate firms that have local and regional expertise to grow and manage the assets,” said Mike Slinde, Assistant Vice President of Private Equity at MLG Capital. According to Slinde, the Pinewood at National Hills property presented an excellent opportunity for both organizations as it has great value-add potential and because The Sterling Group was looking to expand its presence in the Augusta area. Pinewood at National Hills is the first property investment by MLG Capital in Augusta and its third in Georgia, bringing MLG’s owned number of units in the state to more than 700. MLG Capital plans to invest in The Pinewood property, upgrading its interior, exterior and amenities to strongly position it among...
August 4, 2020
MLG Capital Purchases Southtech II in Bloomington, MN
MLG Capital, the premier outsourced investment manager in private real estate for Investment Advisors, Family Offices and High Net Worth Individuals since 1987, announced its most recent acquisition of a 115,000- square foot Flex building in the Bloomington, MN MSA. The property sits just over 10 miles south of Minneapolis and 20 miles southwest of St. Paul. Southtech is located with great access to both I-494 and I-35, making it a desirable location for companies to lease space. Property Highlights: Planned finish of 70% office and 30% warehouse 3.51/1,000 Parking Ratio 19’ Docking Area and 17’ Drive-in 14’ Clear Heights
July 20, 2020
MLG Capital Purchases Diamond Mesa in Albuquerque, NM
MLG Capital, the premier outsourced investment manager in private real estate for Investment Advisors, Family Offices and High Net Worth Individuals since 1987, announced its most recent acquisition of Diamond Mesa. The acquisition is a 456-unit Class A, multifamily property located in Albuquerque, NM and built in 2015. The property features townhome style units that average 1,081 SF and is conveniently located near I-40, Kirtland AFB, and the University of New Mexico. Purchase Highlights: Interior units include fully-equipped kitchens with granite countertops, in-unit washer & dryer sets, and direct garage access. Other features include walk-in closets, and private patios. The community offers: Two swimming pools and a hot tub with outdoor lounge space A state-of-the-art 24-hour fitness center Clubhouse that included billiard tables Playground and “Bark Park” (dog park) Business Center with computer access and Wi-Fi