Previously, there was a disconnect with getting opportunities to the doorstep of high net worth individuals that we didn’t already know.
Palo Alto, CA (PRWEB) January 29, 2014
The MLG Private Fund, a diversified real estate fund formed by MLG Capital, is one of the first of its kind to be offered by an issuer under SEC Rule 506(c), and is immediately open to accredited investors on the RealCrowd online platform.
SEC Rule 506(c) lifts the ban on general solicitation of certain securities to accredited investors. This provides businesses additional means of raising funds, and gives accredited investors greater access to private investment offerings.
MLG Capital formed the MLG Private Fund to focus on opportunities that will provide investors with stable cash returns, growth over time, and diversification.“ By investing in the MLG Private Fund, accredited investors gain access to a diverse set of properties already owned within the Fund. Not just single properties. This gives them an efficient path toward diversification in real estate,” says Tim Wallen, CEO of MLG Capital.
The fund has over $38 million in acquired properties, diversified both geographically and by property type. This includes multi-family and retail across the United States in high job growth markets.
The stability of the Fund is key, says Wallen. “Using an online platform, every new investor is a person with whom we will work to build a long-term relationship. And as a company with 25 years behind it, $400 million in experience, and a Midwestern mindset, that’s a relationship we care about.”
Greg Kammerer, MLG’s Vice President of Capital Markets, views this as a way for MLG to make its investments available to a larger circle of investors. “Previously, there was a disconnect with getting opportunities to the doorstep of high net worth individuals that we didn’t already know. The lifting of the ban on general solicitation provides us a new means to introduce ourselves to new investors.”
About MLG Capital
MLG Capital is a Real Estate Investment Manager that utilizes the skills and expertise of the MLG Family of Companies. Since its inception in 1987 MLG has built a significant reputation in investments, brokerage, property management, leasing, development and advisory services.
RealCrowd, a leading technology platform focused on enabling commercial real estate issuers to conduct general solicitation offerings, facilitates accredited investors’ access, review and investment with issuers in real estate across the nation. The final sale of securities is at the discretion of the issuer and is conducted between the issuer and each investor.