August 16, 2022
MLG Capital Named to INC. 5000 List for Second Consecutive Year, Ranked Among Fastest Growing Private Companies in U.S.
Brookfield, Wis. (August 16, 2022) – The 2022 Inc. 5000 List of the Fastest Growing Private Companies in the United States was announced today with MLG Holdings, parent of MLG Capital, named 3811th on the list. The company was ranked 145th overall in the Real Estate category, 38th in the State of Wisconsin (where their corporate headquarters resides) and 15th of all companies in the Milwaukee metro area. The private investment real estate management firm headquartered in Brookfield, Wis., recorded its best year ever in 2021 during which it closed its $250 million Fund IV in record breaking time. Additionally, the firm launched its $350 million Fund V and surpassed $1 billion in commercial real estate acquisitions annually for the first time. MLG also launched unique investment products, including the Legacy Fund – a solution for wealth transfer and estate planning for families with appreciated real estate which achieves significant income and estate tax savings and the MAD Initiative for charitable-minded investors. “Last year was a monumental year for our team in sourcing opportunities that resulted in the company researching, analyzing, organizing capital, negotiating and closing on more than 40 smart and exciting investments to benefit our clients and industry partners,” said Tim Wallen, CEO and Principal of MLG Capital. “It’s...
July 27, 2022
MLG Capital’s Jade Hendricks Named Woman of Influence by GlobeSt Real Estate Forum
Brookfield, Wis. (July 27, 2022) – MLG Capital, a national leader in private equity investments in commercial real estate, today announced that Assistant Vice President of Investor Operations Jade Hendricks was named one of GlobeSt Real Estate Forum’s 2022 Women of Influence. The prestigious annual award honors a small number of the commercial real estate industry’s most influential women in the country. Hendricks received special recognition in the award’s Humanitarian category for her work spearheading charitable initiatives both inside and outside of MLG Capital. “Jade is highly deserving of this honor – her passion, creativity, integrity and commitment are rivaled only by her humility,” said David Binder, Vice President at MLG. “She is a natural leader who goes above and beyond in every aspect of her role, and in every aspect of her community involvement. We are so proud to have her as a member of our team.” Hendricks joined MLG Capital in 2020 after graduating from Nashville’s Fisk University with degrees in business and Spanish, and cutting her teeth in a traditionally male-dominated field as part of the Morgan Stanley Wealth Management team in Chicago. As her MLG hiring manager tells it, Hendricks’ job was designed specifically for her – defined on the...
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,...
May 2, 2022
MLG Capital Continues Its Successful Diversified Fund Series With Launch Of Sixth Private Real Estate Investment Fund
Brookfield, WI (May 2, 2022) MLG Capital today announced it has opened to investors its MLG Private Fund VI, which is the sixth in the firm’s series of private real estate investment funds. Fund VI will be MLG’s largest fund to date, with an equity raise goal of $400 million. The launch of Fund VI comes one month after the close of MLG Private Fund V, which set a record as the firm’s largest fund and fastest equity raise to date – capping off at $350 million and finishing 15 months ahead of schedule. “Our unique sourcing strategy for investment opportunities in a diversified fund structure has led to superior performance within the alternative private real estate space,” said Tim Wallen, Principal and CEO of MLG Capital. “We also have a major focus on creating significant income tax benefits and producing strong after-tax rates of return for our investors. We take great pride in the continued interest and trust from our investors, and we are excited about the opportunity to find smart real estate deals across the country for Fund VI.” Private Fund VI continues the firm’s focus on geographic, asset class and asset type diversification for investors. It targets 25-30+ investments located...
February 14, 2022
First-of-its-Kind Fund Answers Need For Owners of Appreciated Real Estate Assets
Brookfield, WI (February 14, 2022) When owners of appreciated real estate assets are ready to divest their portfolio, they often find themselves in a bind, not wanting to completely separate from their properties and facing significant potential capital gains taxes if they sell them. The few tax-deferred exit strategies that have been available to these investors, like 1031 exchanges, Delaware Statutory Trusts or UPREIT transactions, all carry shortfalls including: potentially high fees, the requirement of ongoing active management, public market volatility and more. Until now. MLG Capital, an investment firm with decades of experience in real estate investment, asset management and tax-deferred exit strategies, recently created a first-of-its-kind, tax-efficient solution for owners of appreciated real estate assets who are ready to divest. It’s called the MLG Legacy Fund, and it allows accredited investors to contribute real property in exchange for units in a diversified fund. After making an asset contribution, investors receive a membership interest in the Legacy Fund and annual returns through the Fund’s diverse investments in multifamily, industrial, office and retail assets. Key benefits of the Legacy Fund include: Transitioning from active to passive real estate ownership and escaping the burdens of being a landlord Risk reduction through diversification...
January 28, 2022
2021 Year in Review
I’ve always enjoyed the end of the year, the holidays, and now more than ever, spending time with my young children. Seeing their eyes light up as they experience Christmas provides such a fitting opportunity to reflect, specifically on MLG Capital and our Asset Management team (go team!). I’m hopeful that my recap and insights are more entertaining than my 2021 Spotify Recap Playlist. Who would have thought my top songs of the year would consist of the majority of the Frozen 2 soundtrack? Portfolio Growth: This year, we added 40 new assets to the MLG portfolio, totaling nearly 7,000,000 sf of commercial assets which includes over 6,600 new multi-family apartment units. Based on purchase price, this represents over $1 billion in purchase price of property added to MLG’s assets under management. Part of reaching this new milestone is due to introducing a new fund structure to our offerings, the Legacy Fund. This fund was specifically designed for owners of appreciated real estate seeking the answer to their two largest questions: “What exit strategy do I use?” and “What are my tax implications?” My colleague, Tom Pugh, has a couple of points to make on why it’s a superior exit strategy for appreciated assets....
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...
October 4, 2021
Private Fund V on Pace to Close Ahead of Schedule; Nearly Half Raised in Nine Months
Brookfield, Wis. (October 4, 2021) MLG Capital today announced that it has raised more than $140 million in equity for its latest diversified Private Real Estate Fund, MLG Private Fund V, nearing one-half of the $300 million equity raise goal for the fund. Private Fund V opened to investors in January 2021 and allows investors to contribute through July of 2023, or upon reaching its equity raise goal, whichever is first. The fund launched on the heels of MLG’s most successful fundraise to-date, Private Fund IV, which raised $250 million and closed to new investors five months ahead of schedule. Fund V has already acquired eight new properties since launch, totaling over 2,100,000 square feet of property and encompassing 1,990 multifamily apartment units across seven markets. “We have a busy fall ahead of us,” said David Binder, VP of MLG Capital. “There are several new acquisitions that we’re targeting to close by year-end for Fund V, totaling over $250 million in transaction volume. We’ve continued to cast a wide net across the country and are finding the properties we are looking for. On top of deal flow, our family of investors, now spread across all 50 states, continues to trust us to...
June 23, 2021
Frederick Lofts Apartments Property Sold By MLG Capital
Brookfield, Wis. (June 23, 2021) MLG Capital today announced that it has sold Frederick Lofts, a 100-apartment unit property, located at 840 W. Juneau Ave in Milwaukee’s Pabst Brewery District. The sale closed on June 23 to an undisclosed buyer. The disposition of the property is part of MLG’s “smart and critical selection of deals” strategy to buy and sell real estate investments at key opportunities in a property lifecycle, and leverage market dynamics combined with the potential to grow operating income and/or reduce operating expenses to maximize return to investors. “At MLG, we look for proactive opportunities to acquire assets where we feel there is room to increase the overall income of assets to enhance the property value, whether through property improvements, equalizing rents, capitalizing on growing communities and more,” said David Binder, Vice President at MLG. “We then proactively sell those assets at key times to meet our investors’ expectations of returns.” MLG Capital purchased the 100-unit, Class A multifamily property in March 2019 as part of MLG Private Fund III. That fund, MLGs’ third in its series of nationally diversified private real estate investment funds, included $150 million of original equity that yielded the acquisition of 40 assets, totaling...