mlg capital property slideshow
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Specializing In – Small to Mid Cap Commercial Real Estate Investments Across the U.S.A. for
Over 28 Years.
The MLG Private Fund IIA Review in Pictures
A Remarkable Acquisition: Crossroads Apartments
• Minneapolis, MN• 698 Units
A Remarkable Acquisition: Crossroads Apartments
• Full interior renovation• Bring rents to market.
A Remarkable Acquisition: Crossroads Apartments
• Condo grade finishes and amenities
A Remarkable Acquisition: Crossroads Apartments
• Condo grade finishes, world class amenities, and complete rebranding of property.
Another Remarkable Acquisition: Presidio Apartments
• Allen, TX (Dallas)• 202 Units
Another Remarkable Acquisition: Presidio Apartments
• Finish interior renovations started by previous owner
Another Remarkable Acquisition: Presidio Apartments
• Bring rents to market
Another Remarkable Acquisition: Rush Lake Industrial• New Brighton, MN• ±80,000 Sq/Ft
• Lease extensions being completed• Tenants “over the moon” with improvements
Another Remarkable Acquisition: River Road Industrial
• Fridley, MN• ±150,000 Sq/Ft
• Lease extensions & Lease‐up being completed• Substantial Cash on Cash yields.
Quadrant Office
• Brooklyn Park, MN• 106,000 Sq/Ft
Another Remarkable Acquisition:
Quadrant Office
• Lease to market occupancy• 40% occupied at acquisition• 61% today, sub market is ±85%
Another Remarkable Acquisition:
Saddlebrook Apartments
• Jacksonville, FL• 195 units
Another Remarkable Acquisition:
Saddlebrook Apartments
• 56% occupied at acquisition• 89% occupied today, achieving year 5 anticipated rents
Another Remarkable Acquisition:
Albertville Retail
• Albertville, MN• 104,000 Sq/Ft.
Another Remarkable Acquisition:
Albertville Retail• Tenants include:• Coborns Grocery• Verizon• Local Restaurants
Another Remarkable Acquisition:
Current Investment Opportunity:The MLG Private Fund II
Equity Up to $50MM
Unit Size 50 Units at $1MM/Unit
Maximum Leverage Target 65%, but allow up to 70%
Investor Preferred Return 8%2
Projected IRR Targeted 13% ‐ 15% IRR
Split to Investor 70%3
Asset Management Fee 1.25%/Year
Acquisition Period June 30, 20194
Initial Assets $6MM investment in MLG Private Fund I2
1. This Brief is presented for informational purposes only. This Brief is not an offer to sell interests in a security. Offers to sell an investment in MLG Private Fund LLC (“Fund II”) will only be made to a qualified purchaser by the delivery of an Investment Summary accompanied by a Subscription Document Booklet. Please reference MLG Private Fund II Investment Summary Book (Version 1.0) for complete details
2. Preferred return is subject to availability of cash flow; as of 10/1/15, current distribution from MLG Private Fund I is approximately 8% on invested capital. For MLG Private Fund II, current distribution is 8% on invested capital.
3. Investor share of cash flow after return of capital, investor preferred return, and asset management fees.4. Latest date allowed to reinvest Fund II cash flow into new acquisitions.
Current Investment Opportunity:The MLG Private Fund II
David Binder JrVP‐ Private Equity262‐938‐[email protected]
Andy SinclairVP – Private Equity262‐938‐[email protected]