MLG Capital Announces Sale of 280-Unit Argyle at Willow Springs Apartments in Fort Collins, Colorado

FORT COLLINS, CO – MLG Capital, the premier outsourced investment manager in private real estate for Investment Advisors, Family Offices and High Net Worth Individuals since 1987, announced the sale of Argyle at Willow Springs, a 280-unit multi-family apartment complex located in Fort Collins, Colorado.  Fort Collins is tied with Silicon Valley as the tightest single family housing market in the United States and MLG Capital leveraged local relationships to purchase Argyle as a true off-market opportunity with significant value add potential in September 2016.

The 258,528 square foot, 280 unit, property was owned, managed and operated by entities related to MLG Capital in partnership with Haven Capital and was sold to a buyer in March 2019. 

"Since purchasing the property in September 2016, MLG Capital invested over $1.5 million in capital improvements to upgrade the interior of the 280 units, each of which has access to a 24-hour fitness center, heated outdoor pool, club house, playground, dog park, detached garages and community BBQ area," said Andrew Bruce, Executive Vice President and Principal at MLG Capital.

"Fort Collins has experienced explosive job growth and is forecasted to be Colorado's leading economic performer. It enjoys strong demographics and a diverse employment base that contribute to its position as an award winning community. Our family of investors realized phenomenal overall returns as a result of organic and in place rent growth and following this exit, we will continue our pursuit of new value-added investment opportunities from our deep nationwide sourcing network," said Bruce. "Our competitive advantage is proprietary deal flow and we are actively seeking similar opportunities."

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.

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