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...
May 12, 2023
MLG tops $1 billion worth of properties in Legacy Fund
MLG Capital in Brookfield surpassed $1 billion in apartment and industrial properties through a fund tailored for real estate investors seeking ways to pass a lifetime of work to their next generation.
May 11, 2023
MLG Capital’s First-of-it’s-kind Real Estate Divesting Fund Surpasses $1B in Assets
Innovative Legacy Fund reaches impressive milestone nearly two years after first-to-market launch Partners and clients praise Fund for offering a tax-deferred exit strategy for real estate owners that eliminates the burden of managing property, provides membership and estate planning flexibility, and diversifies clients’ portfolios Brookfield, Wis. (May 11, 2023) – MLG Capital, an investment firm with decades of experience in real estate investment, asset management and tax-deferred exit strategies, today announced that its unique Legacy Fund has surpassed $1 billion in assets, marking a significant milestone for this first-of-its-kind solution. The Legacy Fund provides owners of commercial real estate a tax-deferred exit option to contribute their property in exchange for units of a professionally managed, diversified real estate fund. Prior to the inception of this unique Fund solution, owners of real estate assets were limited to holding and managing their portfolio or less desirable tax-deferred exit strategies – like 1031 exchanges, Delaware Statutory Trusts, or UPREIT transactions – that often include shortfalls including high fees, limited future tax-sheltering benefits, public market volatility and more. After years of planning, MLG Capital created the MLG Legacy Fund to provide a solution to this challenge. The Fund’s first acquisition was in February of...
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...
December 31, 2022
2022: Year in Review
As we move into another year, we wanted to take a moment to express our sincere gratitude for your trust and partnership in our private real estate offerings. Whether we just met or we’ve been investing together since our inception over 35+ years ago, your partnership is appreciated and valued. You may download the newsletter below.
December 5, 2022
MLG Capital Vice President Billy Fox Named One of Multifamily’s “Rising Stars” by Multi-Housing News
Brookfield, Wis. (December 5, 2022) – MLG Capital, a national leader in private equity real estate investments, today announced that one of its Vice Presidents, Billy Fox, was named a “Rising Star” by Multi-Housing News in the publication’s annual Excellence Awards program. The prestigious annual award honored only four of the industry’s leading young talents across the nation, and this latest recognition marks the second consecutive year that an MLG Capital employee has received the distinguished honor. Vice President David Binder was recognized in 2021. Fox, who joined MLG in 2014, leads the efforts for the firm’s tax-deferred real estate investments and plays a pivotal role in analyzing and sourcing multi-family and commercial property acquisitions. In 2021, he was a key part of MLG’s most successful year to date, during which the firm exceeded $1 billion in acquisitions, including more than 7 million square feet of property and nearly 6,900 apartment units across 10 states, and surpassed $1 billion in historically invested equity. Fox was also instrumental in launching MLG’s new Legacy Fund, which offers owners of appreciated real estate assets a passive, tax-deferred and diversified exit strategy by allowing them to contribute their real estate in exchange for units in the fund. It is a unique solution in...
October 19, 2022
Welcome J. Michael “Mike” Mooney to the CARW Commercial Real Estate Hall of Fame
Mike Mooney is the co-founder, and principal at MLG Capital, a real estate investment firm, headquartered in Brookfield, Wisconsin. As a veteran of the industry with over 55 years of experience in all aspects of real estate, Mike’s vast knowledge can only be compared to his love of forward-thinking company culture. Every day, he lives the core values of MLG: making a difference while making a living, and absolute integrity. Mike’s numerous board and leadership positions have included co-founder, Past-President, and longtime director of NAIOP-WI, Board Member of the Wisconsin Realtors Association, Director of the Wisconsin Economic Development Association, and a member of NAI Global’s Worldwide Leadership Board, including two terms as Chairman. In 2010, Mike and Margaret Farrow led the merger of the Waukesha County Chamber and Waukesha County Action Network to create the Waukesha County Business Alliance, now the second-largest chamber in the state of Wisconsin. Mike has been recognized across many Wisconsin-focused real estate associations with awards in 2006 as CARW’s Realtor of the Year, in 2009 with the creation and as the first recipient of the NAIOP-WI J. Michael Mooney Award for “extraordinary leadership in advancing economic development in Wisconsin”, and in 2015 with the Wisconsin...
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...