SHAREHOLDERS ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors Inotiv, Inc. - NOTV - Stock News Source

Properties Spread Across the Country Are MLG Capital’s Latest ‘Smart Deal’ Acquisitions

BROOKFIELD, WI / ACCESS CABLE / July 13, 2022 / MLG Capital announced today that it completed seven acquisitions in the second quarter of 2022. The acquisitions consisted of one industrial asset and six multi-family 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 closure of these last offersMLG has had active, closed or pending investments totaling approximately 36.1 million square feet of total space in the US, with an estimated current closed value in excess of $5 billion.


Sponsored Content:


“We are proud of the team’s hard work in a very competitive market to identify and acquire multiple properties that provide the best value for our investors,” said Dan Price, Vice President of MLG Capital. “Our ‘smart deal’ fund acquisition strategy targets diverse income-generating multi-family 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-added strategy to increase operating income through the execution of interior and exterior improvements to the properties.”

Recent acquisitions include:

There are no apartments available. (111 83rd Ave NE, Fridley, Minn.) – A 361-unit suburban property featuring a yard-Similar setting and strong amenity set, located in a desirable area near a nature reserve. MLG plans to renovate and modernize the property, which was originally built in 1987 and is largely unrenovated.West Glen Town Center (5465 Mills Civic Pkwy, West Des Moines, Iowa) – A 154-unit apartment building located in a mixed-use development with retail and office properties. The multi-family building is located in the heart of West Des Moines, a community that continues to be a leader in development and attractiveness.Apartments in Silver Springs (6112 S 87th E Ave, Tulsa, Okla.) – A 272-unit property featuring spacious apartments in a highly desirable area close to shopping, dining and other Tulsa attractions.Apartments in Summit Village (199 Wind Rd, Greensboro, NC) – A 276-unit apartment building originally built in 1985. MLG obtained this deal off the market and plans to invest in a number of interior upgrades to modernize the units. A portfolio of two properties totaling 529 units in the Northeast Albuquerque submarket. The firm plans to perform interior and exterior renovations on both properties.

The newly acquired multifamily properties bring the number of units owned by MLG to approximately 916 in Iowa, 748 in Minnesota, 304 in Ohio, 2,500 in Oklahoma, 1,265 in New Mexico and 812 in North Carolina.


Sponsored Content: OurLifeStore.com is a veteran-owned e-commerce with over 40,000 items at great prices and always free shipping


MLG Capital has been acquiring assets since 1987. Since 2012, the firm has operated under multiple fund strategies, giving investors the opportunity to participate in portfolios of assets rather than individual stocks. offers. MLG’s property acquisitions focus on geographic, asset class and asset type diversification. The firm opened MLG VI Private Fund in May 2022 with a target capital increase of $400 million.

Summit Village Apartments in Greensboro, NC is one of MLG Capital’s recent multi-family acquisitions.

About MLG Capital

MLG Capital is the leading outsourced investment manager in private real estate for investment advisers, family offices and high net worth accredited individuals. Since its inception in 1987, the company and associated entities have had active, canceled or pending investments totaling approximately ±36.1 million square feet of total space in the United States, including more than 31,000 apartment units, with an estimated and closed current value greater than $5 billion, as of 6/30/22. For more information about MLG Capital and its investments, visit the firm’s website. newsroom.

For more information contact:

Katie Whitlock, Public Relations
Laughlin Police
[email protected]
414-305-5927

This communication does not constitute an offer to sell an investment in a security. Offers to sell an investment in a security may only be made to a qualified buyer upon delivery of a Confidential Private Placement Memorandum (the “Memorandum”), any supplements to the Memorandum and accompanied by a Subscription Documents Booklet. Information contained in this release may be preliminary in nature and may not have been independently verified by MLG Capital or its affiliates. The recipient of this release should consult with their own investment, tax and/or legal professionals regarding the merits of the investment. MLG Capital makes no representation or warranty as to the accuracy or completeness of any information presented in this release. Any financial information or projections may be initial estimates and may be subject to change without notice to recipient. An investment in a private offering is subject to various risks, none of which are described in this document. All figures as of 03/31/2022. The value consists of the assets disposed of, as well as the current internal valuation of the assets currently held as of 03/31/2022. Values ​​may not have been reviewed by an independent third party and may be internal projections.

FONT: MLG Capital

See source version at access cable.com:
https://www.accesswire.com/708430/Seven-Recent-Acquisitions-Grow-MLGs-Footprint-to-More-Than-22300-Units-Nationwide

Source link

Leave a Reply

Your email address will not be published.