MLG Capital, a private real estate investment manager, has acquired a portfolio of ten multifamily assets containing ±2,700 units, located across three geographic locations within the burgeoning Southwest Sunbelt region, Houston, TX, Tulsa, OK and Oklahoma City, OK. The purchase price was not disclosed.
“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 multifamily portfolio. Valiant Residential currently manages over 14,000 units and has managed assets in the Southwest sunbelt region for over 30 years.
