Publications

Family office, HNWI firm acquires 2,769 units in Southwest Sunbelt region
Real Estate - DECEMBER 27, 2019

To read this full article you need to be subscribed to Newsline.

Sign in Sign up for a FREE subscription

Family office, HNWI firm acquires 2,769 units in Southwest Sunbelt region

by Andrea Zander

MLG Capital has acquired 10 multifamily assets containing more than 2,700 units. The portfolio is located across three geographic locations within the burgeoning Southwest Sunbelt region: Houston, Oklahoma City and Tulsa, Okla.

"MLG's purchase of the portfolio represents an exciting opportunity to acquire 10 assets of class B multifamily at an attractive basis in locations that are in three fast-growing metropolitan regions of the Southwest with continued population growth, low unemployment, a strong corporate presence and high rankings for livability," said Ryan Mueller, vice president of acquisitions at MLG Capital.

A subsidiary of MLG Capital, Valiant Residential, will operate and manage the portfolio. Valiant Residential currently manages more than 14,000 units and has managed assets in the Southwest Sunbelt region for over 30 years. Valiant Residential brings an entrepreneurial management style, leveraging local relationships and employees to reduce operating exp

Forgot your username or password?