MLG Capital: Purchases Memphis multi-family properties

Brookfield, Wis. (August 23, 2022) , MLG Capital today announced the acquisition of two multifamily properties in the Memphis area – Preserve in Southwind (7991 Capilano Drive in Memphis) and Preserve in Bartlett (8840 Bristol Park Drive in Bartlett). The properties are 306 and 300 units respectively and both feature a range of one-, two- and three-bedroom floor plans with attractive amenities.

“We are excited about these acquisitions for a number of reasons. Each property is well located in a desirable submarket of Memphis with strong school districts. The Memphis area is also showing rapid employment signs, and these properties are some of the area’s best. provide convenient access for large employers. The Bartlett property is a prime asset especially given the rental housing supply constraints in that community,” said mike slinde, AVP of private equity for MLG Capital. “These acquisitions reflect MLG’s ‘smart deal’ strategy, targeting a variety of income-producing multi-family properties that provide diversification for our fund.”

MLG Capital has been acquiring assets since 1987. Since 2012, the firm has operated under a fund strategy, which gives investors the opportunity to participate in a portfolio of assets rather than through individual deals. MLG’s residential property acquisitions focus on geographic, asset class and asset type diversification. The firm opened its most recent fund- MLG Private Fund VI – $400 million with a target to raise equity in May 2022.

Preserve in Southwind and Preserve in Bartlett are the second and third property investments by MLG Capital in Memphis, Tennessee, bringing the number of MLG’s historically owned units in the state to a total of more than 1,300 units.

Key features of the preserve at Bartlett include:

Gated Access

One and two car attached garages

Car Care Center

· dog park

· movie theater

· Playground

outdoor swimming pool

Key features of the preserve at Southwind include:

One and two car attached garages

· dog park

· Fitness Center

outdoor kitchen

outdoor swimming pool

MLG Capital: Purchases Memphis multi-family properties

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