BROOKFIELD, WI – MLG Capital, the premier investment manager in private real estate investments for Investment Advisors, Family Offices and High Net Worth Individuals across the U.S. since 1987, announced its most recent acquisition of a portfolio of ten multi-family assets containing ±2,700 units. The portfolio is located across three geographic locations within the burgeoning Southwest Sunbelt region, Houston, TX, Tulsa, OK and Oklahoma City, OK.
“MLG’s buy of the portfolio represents an exciting opportunity to buy 10 assets of ‘class B’ multi-family at an attractive basis in locations that are in three quick-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.
Timing for the buy is ideal as the U.S. occupancy rate for apartments is ±96 %, which is the highest occupancy rate recorded since 2001. Since 2000, the US has averaged 1.25M new households made, further suggesting that demand is continuing to exceed supply.
Market occupancy in Houston is ±93%, Oklahoma City is ±94% and Tulsa is ±94%.
Buy Highlights:
The series of diversified private equity real estate funds and a co-investment entity, all managed by MLG Capital, bought the transaction
Diversification: The 10 asset portfolio consists of ±2,700 apartment units across 2 states and 3 major cities
Fantastic basis: The portfolio has a fantastic acquisition basis vs. the cost of new construction in the marketplace
A subsidiary of MLG Capital, Valiant Residential, will operate and manage the portfolio. Valiant Residential currently manages over 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 expenses.
Since 1987 MLG Capital has bought, holds, or has sold over $2.2B of private commercial real estate across the USA, consisting of over 22.3M commercial square feet which includes over 17,600 multi-family apartment units. All deals MLG Capital has exited, there has been an equity multiple of ±2.35x (For every $1 invested, MLG has produced $2.35 in total distributions).

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NASHVILLE, TN – Security Properties and Pacific Life Insurance Company announced the buy of Broadstone Gulch, a 238-unit Class-A new construction multifamily property located in Nashville, TN for $80,750,000. Security Properties now owns a total of seven assets in the Nashville marketplace.
Broadstone Gulch is located in The Gulch, an energetic neighborhood ideally situated between Downtown, Midtown, SoBro, and Music Row. The Gulch is a LEED Neighborhood Development that hosts Class A office, luxury brand hotels, and some of Nashville’s most well loved restaurant and nightlife destinations. Recent and plotted redevelopment projects have elevated The Gulch to be not only a well loved destination for tourists and visitors, but also an exciting place to live and work.
The property boasts among the highest quality interior unit finishes in Nashville, including luxury appliance packages of side-by-side refrigerators and hidden-control dishwashers, full-size washer/dryers in every unit, marbled quartz countertops, keyless entry, and wine coolers in select units. Additionally, Broadstone Gulch provides an brilliant amenity package to tenants, with a state-of-the-art fitness center, rooftop sky lounge, indoor/outdoor pool club, demonstration kitchen, 24/7 package access system, smart office space, pet spa, Google Fiber, and many others.
The site sits on the southwest corner of Division St and 8th Ave S, providing a less than 10-minute walk to both Music City Center (Nashville’s Convention Center) and the heart of the Gulch (12th & Pine) via 8th Ave S and Division St, respectively. This location will become even more walkable as further development occurs in the micro-location.
Broadstone Gulch and its neighborhood are poised to benefit from a rapidly expanding professional employment base located in Nashville’s core. Numerous Class A office projects are currently under construction, which will host an array of sought-after employers, including Amazon, AllianceBernstein, and Asurion.
According to Tad Johnson, Director at Security Properties, the acquisition was made because, “The Gulch is a fantastic location that will directly benefit from the proximate office growth in Nashville’s urban core; we are thrilled to add this Class-A asset to our Nashville portfolio.”
The property will be managed by Security Properties-affiliate Security Properties Residential. The transaction was brokered by Telly Fathaly and Kris Mikkelsen of Walker & Dunlop Investment Sales.

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NORTH BETHESDA, MD – Foundation Housing, a 501(c)(3) mission-driven nonprofit with a commitment to enhancing the availability and preservation of affordable housing, announced the acquisition of two HUD-subsidized properties, marking the 100th and 101st affordable housing communities added to its portfolio. The properties, Myrtle Landing in Cape Charles, Virginia and Valley Grove in Mountain City, Tennessee, are both elderly-preferred communities in rural areas, where affordable living opportunities are limited.
“We are excited to add these communities to the Foundation Housing portfolio,” said Todd Travis, Chief Operating Officer and President of Foundation Housing. “These property acquisitions were made possible by strong partnerships with committed investors and the collaboration of our hardworking team who are dedicated to providing high-quality, safe, clean, and affordable living environments.”
Myrtle Landing, built in 1985, spans 8.4 acres and houses 93 one-bedroom units. Currently at 95.7% occupancy, median incomes at Myrtle Landing are 28.9% lower than the United States median household income of $58,828.
Valley Grove, built in 1981, is a 5.38-acre property with 40 one-bedroom units. The residents of Valley Grove, which is at 97.5% occupancy, have a median income of $31,376, which is 46.7% below the national household median.
At a time of skyrocketing demand for rental housing nationwide and with the rental housing stock diminishing precipitously, it is noteworthy that these acquisitions ensure the affordability of these communities by at least two decades. “Foundation Housing stands by its commitment of transforming lives and neighborhoods,” Travis said. “Our properties account for a notable base of the overall population in these rural towns. We are heartened in knowing that we are preserving affordable living for elderly residents in these communities and providing a solution for the affordable housing crisis now gripping America.”

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