Milwaukee, Wisconsin, September 24, 2018 /PRNewswire/ --
MLG Capital ("MLG") is pleased to announce that it will close, to new accredited investors, the targeted $100 million MLG Private Fund III, effective September 30, 2018 and will begin accepting new investments into the MLG Private Fund IV as of October 1, 2018.
"We've had overwhelming interest in Fund III. Originally, we targeted to raise $100M of equity. We maintained the ability to raise up to $150M of total equity. We think we will land somewhere in the $135-140M range proving our investors truly love what we are doing", said David Binder, Vice President at MLG Capital.
Each of the MLG Private Funds acquires, directly or indirectly, a geographically diverse portfolio of commercial real estate primarily consisting of (in order of preference) multifamily properties, industrial, retail, and office properties in several key U.S. markets. Since the inception of MLG Capital in 1987, the firm, and its associated entities, have had active, exited or pending investments of approximately 15.5 million square feet of total space across the United States, inclusive of more than 12,000 apartment units, with exited and estimated current value exceeding $1.5 billion*.
"MLG Private Fund III has had incredible acquisitions to date", said Binder. "Our Fund III Investors are already diversified into over 3,200 multi-family units and over 2.2M commercial square feet with locations across several states."
MLG Capital credits its impressive track record to its team, which started with just six people and is now comprised of six principals with average tenure of 23+ years, and approximately 250 total employees across a group of affiliated companies The capital group's professional staff includes several CPAs, a tax director, three in-house legal counsel, engineers, land planners, and many other highly trained real estate investment professionals.
"Our 30-year operating history is rooted in absolute integrity and this shows in our clients' results. We're proud that our track record of favorable returns has earned us a strong reputation and following of hundreds of satisfied investors. Our experience is in real estate investment and management first, so when it comes to selecting properties, our clients know that there are trusted experts at the helm. Our successes are truly our clients' successes," said MLG Capital CEO & Principal Timothy J. Wallen.
"We target 13-15% net IRR returns to our investors from a combination of cash flow and appreciation over time and have consistently achieved these returns over our 31+ year history. We understand that our investors want a consistent return on their real estate investments without the hassle of management and we strive to operate as a family that each of our investors become part of as they invest with us. We've consistently proven our ability to achieve profits in various market cycles and economic conditions. . Deal sourcing is key in finding opportunities, regardless of cycle, and we're keenly focused on generating a deep and vast deal flow network across the country" said Wallen.
Read more about MLG Capital by visiting: http://www.mlgcapital.com/happenings
*Past performance is never an indication of future results. As always be sure to complete your full due diligence on any investment. This is not an offer to sell a security or an interest in any offering being made by MLG Capital, or its affiliates and is intended to solely be a resource of thoughts, opinions, and materials to use in educational aspects of private commercial real estate investing. Data as of 9/7/2018.
Investor Relations: [email protected]
To learn more, contact David Binder Vice President, at +1-(262)-797-9400 or at [email protected]
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SOURCE MLG Capital