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 26, 2021
MLG Capital Launches its Fifth and Largest Private Real Estate Investment Fund
Brookfield, Wis. (January 25, 2021) MLG Capital today announced it has opened to investors its MLG Private Fund V, which is the fifth in series of private real estate investment funds, with an equity raise goal of $300 million. The launch of Fund V comes on the heels of MLG closing its successful MLG Private Fund IV, which raised $250 million and closed five months ahead of schedule. “We have seen continued strong interest and trust from our investor family,” said Tim Wallen, Principal and CEO of MLG Capital. “We are excited about the market opportunities that exist and are focused on continuing to find smart real estate deals across the country. We define “smart” deals as deals with believable and achievable assumptions.” Fund V continues MLG Capital’s focus on geographic, asset class and asset type diversification for investors. For each of its private real estate funds, MLG Capital targets 25 to 30+ investments located in markets and locations where the company can grow the operating income of the property. It does not set a specific target allocation to any asset class. Instead, there is a focus on investing in “smart” deals versus promising specific asset class or geography diversification. Fund V targets tax-efficient...
January 21, 2021
2020: Year in Review
We’re not sure anyone could have predicted the events and happenings of 2020. But, we’re very glad that throughout the craziness, you’ve decided to start, or continue to invest with us. We hope you had a safe holiday that provided great memories. For MLG Capital, consistency remains the name of the game. Hard work and an unparalleled team allowed us to source the right opportunities to further seek the returns you’ve come to expect, even in an unpredictable market. So, let’s run the numbers on 2020: Throughout 2020, we’re honored to have been recognized with these awards: Milwaukee Business Journal’s “Best Places to Work” This is a repeat of 2019’s award. Second year in a row, of hopefully many more! Milwaukee Business Journal’s “Fastest Growing Firms” Experiencing growth of nearly 130% since 2017 Added several new employees in 2020 New Fund now available! Lastly, our investors have been asking when we will officially be opening, for investment, our newest fund. Happily, I can say that MLG Private Fund V is available for subscription! Thank you for being part of our family and making 2020 a success. Alex Colburn is a Digital Marketing Manager, focused on developing the MLG Capital brand and sharing the awesome stories we have. He’s an amateur saucier...
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
August 4, 2020
MLG Capital Welcomes Dan Price as Vice President of Acquisitions
MLG Capital is excited to welcome our new VP of Acquisitions, Daniel Price. Daniel is making his way back to Wisconsin after more than 10 years in Chicago. He began his professional career at Chicago-based Waterton before joining Waypoint Real Estate Investments. At both companies he focused on the residential sectors while being involved in the acquisition of over $3B of multifamily assets across the U.S. As MLG Capital continues to grow and expand, Daniel’s focus will be on direct, industrial and multifamily acquisitions for the Midwest region. Barry Chavin, Principal at MLG Capital, said “We are excited to have Dan join our team. His talent, experience and reputation will be an asset. With Dan’s assistance, we look forward to implementing our Midwest acquisition plan.” Daniel echoed those sentiments saying, “I am excited to be joining a company with a first class team, great track record, and targeted vision going forward. MLG has built a great platform, and I look forward to helping take it to the next level.” Congratulations, Daniel, and welcome to MLG Capital!
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
July 13, 2020
MLG Capital Refinances 476-Unit Westgrove Apartments Property
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 completion of the refinance of the 476-unit Westgrove Apartments property, located in Waukesha, Wisconsin (Metro Milwaukee MSA). Refi Highlights The property now has 10 years of fresh debt (interest-only) at a 3.05% fixed rate. The prior loan was at 4.73%. MLG was able to distribute approximately $10M to the investment group and will earmark approximately $2M for continued renovations. Capital Improvement Plan Continue original strategy: complete interior renovations to create value and replace dated/failing mechanical and structural items as needed. Renovations to-date: Clubhouse redesign Complete interior unit upgrades Upgrades to common area features of the property including the outdoor recreation area, dog park, and patio and outdoor grilling area Energy conservation strategies, including low-flow toilets/showers and LED lighting
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...