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MLG Capital Property Slideshow
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- 9. Another Remarkable Acquisition: Rush Lake Industrial • New Brighton, MN • ±80,000 Sq/Ft •Lease extensions being completed • Tenants “over the moon” with improvements
- 10. Another Remarkable Acquisition: River Road Industrial • Fridley, MN • ±150,000 Sq/Ft •Lease extensions & Lease‐up being completed • Substantial Cash on Cash yields.
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- 12. Quadrant Office • Lease to market occupancy • 40% occupied at acquisition •61% today, sub market is ±85% Another Remarkable Acquisition:
- 13. Saddlebrook Apartments • Jacksonville, FL •195 units Another Remarkable Acquisition:
- 14. Saddlebrook Apartments • 56% occupied at acquisition •89% occupied today, achieving year 5 anticipated rents Another Remarkable Acquisition:
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- 16. Albertville Retail • Tenants include: • CobornsGrocery • Verizon • Local Restaurants Another Remarkable Acquisition:
- 17. Current Investment Opportunity: The MLG Private Fund II Equity Up to $50MM Unit Size 50 Units at $1MM/Unit Maximum LeverageTarget 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.
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