MILWAUKEE, Wisconsin, April 11, 2019 /PRNewswire/ -- Newmark Knight Frank, a global, full-service commercial real estate services business, announced today that it has acquired MLG Commercial, LLC, a leading commercial real estate company offering brokerage and property management services in Wisconsin.
MLG Capital is not affected by the sale and will continue its normal operations as the premier manager in private real estate investing for Investment Advisors, Family Offices and High Net Worth Individuals, since its inception in 1987. Tim Wallen and Barry Chavin, both Principals of MLG Capital, had an ownership interest in NAI MLG Commercial which was operated 100 percent independent of MLG Capital. MLG Capital actively pursues investments in approximately 15 states, self manages its assets, and is not reliant on NAI MLG Commercial in any manner.
MLG Capital is currently raising its fourth private real estate investment fund, MLG Private Fund IV LLC*, a targeted $200 Million equity fund that is accepting new accredited investors through March 31, 2021. The series of MLG Private Funds were formed to acquire, directly or indirectly, a geographically diverse portfolio of commercial real estate, primarily consisting of commercial multifamily properties, industrial, retail, office, and other opportunistic opportunities located in strategically identified areas throughout the United States. Combining current investments and pending deals (anticipated to close by 5/15/2019) Fund IV is already targeting to have ± 1,570,000 commercial square feet and 1,885 multifamily apartment units across 11 geographic areas with more being added. MLG Private Fund IV launched in October 2018. The "MLG 1099 Dividend Fund IV" is a parallel fund that enables retirement fund, foundation and endowment investors access to private real estate while targeting to eliminate unrelated business taxable income (UBTI) and multi-state filings.
Since the inception of MLG Capital in 1987, the firm, and entities associated, have had active, exited, or pending investments totaling approximately 18.3 million square feet of total space across the United States, inclusive of more than 13,200 apartment units, with exited and estimated current value exceeding $1.63 billion**
MLG Capital's series of funds target cash on cash yields, quarterly distributions, and appreciation over time for investors in a tax efficient manner.
Read more about MLG Capital by visiting their blog: www.mlgcapital.com/happenings
* This release is for informational purposes only and is qualified in its entirety by reference to the Confidential Private Placement Memorandum (as modified or supplemented from time to time, the "Memorandum") of MLG Private Fund IV LLC (the "Main Fund") and MLG 1099 Dividend Fund IV LLC (the "Parallel Fund," and together with the Main Fund, the "Fund"), the limited liability company agreements (the "LLCAs") of the Main Fund and the Parallel Fund, each as may be amended and/or modified form time to time, and a subscription agreement related thereto, copies of which will be made available upon request and should be reviewed before purchasing a Units in the Fund. This release is not intended to be relied upon as the basis for an investment decision, and is not, and should not be assumed to be, complete. The contents of this release are not to be considered as legal, business or tax advice, and each prospective investor should consult its own attorney, business advisor and tax advisor as to legal, business, and tax advice. This release does not constitute an offer or solicitation in any state or other jurisdiction to subscribe for or purchase limited partnership interests in an offering. Recipients of this release agree that the manager and offerings, its affiliates and their respective partners, members, employees, officers, directors, agents, and representatives shall have no liability for any misstatement or omission of fact or for any opinion expressed herein. An investment into a private offering is subject to various risks, none of which are described herein
**as of 12/21/2018. Value is consistent of disposed of assets as well as the current internal valuation of currently held assets as of 9/30/2018. Values may not have been reviewed by an independent 3rd party and may be internal projections.
MLG Fund IV- http://www.mlgcapital.com/pfIV
Investor Relations: [email protected]
Email: [email protected]
SOURCE MLG Capital