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...
November 5, 2021
Focused on Finding the Right Deals
Private Real Estate is a fast-paced, ever-evolving market. Often, investors are curious to learn more about our acquisition process and how our team can find opportunities in the competitive market that we operate in today. Our answer is straight forward: we’re actively involved in our target markets, we leverage technology where we can, and we build strong relationships. Market Knowledge Finding the right investments takes persistence and patience. Competing with 20+ groups on a fully marketed opportunity often is the norm in today’s investment world. This elevated competition requires us to be an active and connected acquisition team. We “knock on all the doors,” “make all of the calls,” and remain diligent to find the best investments for our investors. Being a very active group gives us the flexibility to be selective of property and provides us top-tier insights into market, submarket, and deal-level knowledge. It also often affords us off-market investment opportunities, that is, deals that other groups may not get a chance to look at. At MLG Capital, we actively underwrite and pursue over 2,000 investment opportunities per year, on average; however, we only acquire 15-20 properties across the multifamily, industrial, office, and retail sectors. How? We implement...
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
May 5, 2020
MLG Capital Purchases Belvedere at Springwood Village in Spring, TX
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 The Belvedere at Springwoods Village. The acquisition is a 342-unit Class A, 4-story mid-rise apartment community with structured parking, located in the Houston, TX MSA and built in 2014. “We are excited about our purchase of The Belvedere at Springwoods Village and believe the asset will be a great long-term addition to our portfolio. The property’s location, age, construction quality, and unique amenity set make it a best in class asset that will produce stable cash flow for our investors. The Belvedere at Springwoods Village is an ideal location just south of The Woodlands off I-45 and the Grand Parkway in Spring, Texas, and within an short walk or bike ride away from the area’s major employment centers, as well as a host of retail, dining and recreational destinations,” said Ryan Mueller, Vice President of Acquisitions at MLG Capital. Purchase Highlights: Interior units include gourmet kitchens with European-inspired cabinetry, sleek counter tops, wood-style flooring, spacious pantries, and stainless steel appliances. Other features include washer and dryer sets, 10-foot ceilings, walk-in closets, and...
December 20, 2019
MLG Capital Purchases Ten Property Portfolio In TX and OK
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 portfolio of ten multi-family assets containing± 2,700 units. The portfolio is located across three geographic locations within the burgeoning Southwest Sunbelt region, Houston, TX, Tulsa, OK and Oklahoma City, OK. “MLG’s purchase of the portfolio represents an exciting opportunity to to acquire 10 assets of “class B” muiltifamily at an attractive basis in locations that are in three fast-growing metropolitan regions of the Southwest with continued population growth, low unemployment, a strong corporate presence and high rankings for livability,” said Ryan Mueller, Vice President of Acquisitions at MLG Capital. Purchase Highlights: The series of diversified private equity real estate funds and a co-investment entity, all managed by MLG Capital, acquired the transaction. Diversification: The 10 asset portfolio consists of ±2,700 apartment units across 2 states and 3 major cities. Great basis: the portfolio has a great acquisition basis vs. the cost of new construction in the marketplace A subsidiary of MLG Capital, Valiant Residential, will operate and manage the portfolio. Valiant Residential currently manages over 14,000 units and has managed assets...
November 13, 2019
MLG Capital Purchases Park Avenue Apartments in Gainesville, Florida
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 Park Avenue, a Class A+ 298-unit multifamily property built in 2016 in Gainesville, Florida. “The purchase of Park Avenue represents an off-market transaction sourced through MLG Capital’s historical relationships. Gainesville is home to the University of Florida, which is the state’s largest and oldest university, demand for housing is strong, and the market maintains high rent growth due to low vacancy,” said Ryan Mueller, Vice President of Acquisitions at MLG Capital. Purchase Highlights: MLG Capital acquired the property for $56 million. Amenities include gourmet kitchens with European-inspired cabinetry, sleek granite countertops, wood-style flooring, spacious pantries, and stainless steel appliances. Other features include washer and dryer sets, USB charging station, 9-foot ceilings, walk-in closets, and luxury bathrooms. The community offers a resort style beach entry pool surrounded by palm trees, hammocks and cabanas, a large grill station area with pergolas, and a dog park. The clubhouse includes an iMac and PC cyber business center, self-service café, a state-of-the-art gym with circuit training, cardio machines, weights, yoga studio, fitness on demand, game tables and a...