MLG Capital – a national leader in diversified private real estate investments – today announced that the company had another banner year in 2022, with acquisitions totaling more than $1.2 billion. 2021 marked the first year that MLG surpassed $1 billion in asset acquisitions, and last year it continued that success with more than 7,100 multi-family apartments and 1.8 million square feet of space. commercial, acquired in 14 states.
“MLG has invested in more than $5.6 billion in transactions, representing total assets sold and estimated current value of current investments as of Q3 2022. This figure represents approximately 39.5 million square feet of assets, including more than 33,900 multi-family apartments. across the country, further strengthening our diverse portfolio and positioning us as a leader in the industry,” said David Binder, Senior Vice President of MLG Capital.
The Wisconsin-based company switched to a diversified fund strategy in 2012 that offers investors the opportunity to participate in portfolios of real estate assets rather than individual transactions. In May 2022, MLG launched its sixth diversified fund, with a fundraising goal of $400 million.
“Our real estate investments continue to provide consistent and strong returns to our investors. Our current strategy has not changed. We remain committed to maximizing investment value and providing the diversification away from markets that our investors seek. I am confident in the resilience and stability of our portfolio, our ability to find the best deals and the execution ability of our team,” Binder said.
The company has also successfully developed its latest offering, the MLG Legacy Funds. The Fund has acquired over $700 million in assets in the past two years since its inception. The Legacy Fund offers owners of valued real estate assets a passive, tax-deferred and diversified exit strategy by allowing them to tender their real estate in exchange for units of the fund.
“The Legacy Fund’s performance and growth in 2022 confirms that the Fund offers a dynamic solution for real estate owners seeking a tax-deferred exit,” said Billy Fox, senior vice president of MLG Capital, who leads the Legacy Fund.
Investors can participate with MLG Capital through cash investments, retirement funds, foundation or endowment funds, or through a charitable impact program. Additionally, one can contribute assets to the Legacy Fund or invest with separately managed accounts tailored to specific needs and circumstances. The company’s offerings include thousands of investors representing nearly all 50 states.
“The strong support and confidence of our valued investors and business partners across the country is paramount to our growth and successes over the past year,” Binder said. “As we look to 2023, we will continue to focus on finding smart real estate transactions across the country by working with the best business partners, with a dedication to transparency, absolute integrity and making a difference. while earning a living.”
To this end, MLG Make a Difference Initiative (MAD) for Charity Investors has continued to thrive in 2022 since its launch in 2021. To date, over $10 million has been pledged to the initiative. This philanthropic program is positioned to have an impact by redirecting distributions and future profits received by investors, as well as the profits of the MLG companies from these investments, to an aligned nonprofit interest. This not only creates value for investors, but also generates substantial donations to selected charities. For every million dollars invested, MLG projects that nearly $550,000 in total giving* will occur over the life of the investment. Up to 10% of MLG Private Fund VI ($40 million) is available for this initiative.
MLG’s successes have also led to national and regional recognition in 2022. The company was recognized, for the second consecutive year, as one of the fastest growing private companies in the United States by Inc. 5000 , as a multi-family influencer by GlobeSt. Real Estate Forum and as one of Milwaukee’s Best Places to Work by the Milwaukee Business Journal. Individual employees also received honors, including Woman of Influence from GlobeSt. Real Estate Forum, Rising Star by Multi-Housing News and other local recognitions.