BROOKFIELD, WI / ACCESSWIRE / 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 income to investors via cash-on-cash distributions and appreciation over time.
"We're proud of our ability to execute consistently over three plus decades of ever-changing economies and markets," said Wallen. "Our strategies continue to evolve but we remain constant in our commitment to who we are and what we've learned over the years."
MLG has been acquiring assets since 1987. The first in the series of diversified funds launched in 2012, providing investors an opportunity to participate in portfolios of assets vs individual deals. Since then, the company has acquired over 19 million square feet in total commercial property including 15,000+ multifamily units. Under its current growth strategy, MLG Capital aims to open a new fund offering every two years.
"Our team works hard every day to produce strong results for our investors and we have a deep commitment to their investment success," said Wallen. "As we look to continue our growth with this new fund, we will continue to leverage strong relationships, deep analysis of opportunities and property diversification."
About MLG Capital
MLG Capital is the premier outsourced investment manager in private real estate for investment advisors, family offices and accredited individuals. Since its inception in 1987, the firm and associated entities have had active, exited, or pending investments totaling approximately 25 million square feet of total space across the United States, inclusive of more than 20,000 apartment units, with exited and estimated current value exceeding $2.7 billion. MLG Capital targets to acquire between $400 and $500 million in commercial real estate annually; with approximately half of those acquisitions involving strategic partners. For more information about MLG Capital and its investments, visit the firm's news room.
For more information, contact:
Katie Whitlock, Public Relations
This release does not constitute an offer to sell an investment in a security. Offers to sell an investment in a security can only be made to a qualified purchaser by delivery of a Confidential Prviate Placement Memorandum (the "Memorandum"), any supplements to the Memorandum and accompanied by a Subscription Document Booklet. The information contained in this release may be preliminary in nature and may have not been independently verified by MLG Capital or its affiliates. The recipient of this release should consult with its own investment, tax and/or legal professionals about the merits of the investment. MLG Capital does not make any 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 into a private offering is subject to various risks, none of which are described herein. All figures as of 12/31/2020. Value consists of disposed of assets as well as the current internal valuation of currently held assets as of 12/31/2020. Values may not have been reviewed by an independent 3rd party and may be internal projections.
SOURCE: MLG Capital
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