MLG Capital Partners raises $100 million to grow multifamily, commercial real estate portfolio

MLG Capital Partners, a commercial real estate investment firm, raised $100 million for its MLG Private Fund III and is closing the door on that fund on the 30th of this month. According to its release, October 1 will mark the opening of MLG Private Fund IV. The new fund will be used to expand MLG’s portfolio, which consists of multifamily, industrial, retail and office properties across the U.S. We've had overwhelming interest in Fund III. Originally, we targeted to raise $100 million of equity. We maintained the ability to raise up to $150 million of total equity. We think we will land somewhere in the $135 million to $140 million range proving our investors truly love what we are doing, MLG Capital Vice President David Binder said in a statement.