MLG Capital Announces Sale of Argyle at Willow Springs, a 280-unit Multi-family Complex in Fort Collins, Colorado

The 258,528 square foot, 280 unit, property was owned, managed and operated by entities related to MLG Capital in partnership with Haven Capital and was sold to a buyer in March 2019.

“Since purchasing the property in September 2016, MLG Capital invested over $1.5 million in capital improvements to upgrade the interior of the 280 units, each of which has access to a 24-hour fitness center, heated outdoor pool, club house, playground, dog park, detached garages and community BBQ area,” said Andrew Bruce, Executive Vice President and Principal at MLG Capital.

Fort Collins has experienced explosive job growth and is forecasted to be Colorado’s leading economic performer. It enjoys strong demographics and a diverse employment base that contribute to its position as an award winning community. Our family of investors realized phenomenal overall returns as a result of organic and in place rent growth and following this exit, we will continue our pursuit of new value-added investment opportunities from our deep nationwide sourcing network,” said Bruce. “Our competitive advantage is proprietary deal flow and we are actively seeking similar opportunities.”

Sale Highlights:

  • MLG Capital and partner Haven Capital purchased Argyle in September 2016 for approximately $51,250,000. The asset was sold for $63,500,000.
  • Units were upgraded with interior renovations including cabinets, appliances, carpet, vinyl plank and plumbing hardware.
  • A superior amenity package was developed to enhance existing items, including 24 hour fitness, outdoor pool, playground, detached garages, club house and dog park.

MLG Capital is currently raising its fourth private real estate investment fund, MLG Private Fund IV LLC*, a targeted $200 Million equity fund that is accepting new accredited investors through March 31, 2021.  The series of MLG Private Funds were formed to acquire, directly or indirectly, a geographically diverse portfolio of commercial real estate, primarily consisting of commercial multifamily properties, industrial, retail, office, and other opportunistic opportunities located in strategically identified areas throughout the United States. Combining current investments and pending deals (anticipated to close by 5/15/2019) Fund IV is already targeting to have ± 1,570,000 commercial square feet and 1,885 multifamily apartment units across 11 geographic areas with more being added. MLG Private Fund IV launched in October 2018. The “MLG 1099 Dividend Fund IV” is a parallel fund that enables retirement fund, foundation and endowment investors access to private real estate while targeting to eliminate unrelated business taxable income (UBTI) and multi-state filings.

Since the inception of MLG Capital in 1987, the firm, and entities associated, have had active, exited, or pending investments totaling approximately 18.3 million square feet of total space across the United States, inclusive of more than 13,200 apartment units, with exited and estimated current value exceeding $1.63 billion**

MLG Capital’s series of funds target cash on cash yields, quarterly distributions, and appreciation over time for investors in a tax efficient manner.

Read more about MLG Capital by visiting their blog: 

To learn more about this transaction, contact Andy Bruce, Executive Vice President and Principal, at (262) 938-4402 or at

* This release is for informational purposes only and is qualified in its entirety by reference to the Confidential Private Placement Memorandum (as modified or supplemented from time to time, the “Memorandum”) of MLG Private Fund IV LLC (the “Main Fund”) and MLG 1099 Dividend Fund IV LLC (the “Parallel Fund,” and together with the Main Fund, the “Fund”), the limited liability company agreements (the “LLCAs”) of the Main Fund and the Parallel Fund, each as may be amended and/or modified form time to time, and a subscription agreement related thereto, copies of which will be made available upon request and should be reviewed before purchasing a Units in the Fund. This release is not intended to be relied upon as the basis for an investment decision, and is not, and should not be assumed to be, complete. The contents of this release are not to be considered as legal, business or tax advice, and each prospective investor should consult its own attorney, business advisor and tax advisor as to legal, business, and tax advice. This release does not constitute an offer or solicitation in any state or other jurisdiction to subscribe for or purchase limited partnership interests in an offering. Recipients of this release agree that the manager and offerings, its affiliates and their respective partners, members, employees, officers, directors, agents, and representatives shall have no liability for any misstatement or omission of fact or for any opinion expressed herein. An investment into a private offering is subject to various risks, none of which are described herein

**as of 12/21/2018. Value is consistent of disposed of assets as well as the current internal valuation of currently held assets as of 9/30/2018. Values may not have been reviewed by an independent 3rd party and may be internal projections.


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Investor Relations:

Andrew Bruce

Executive Vice President, Principal

MLG Capital

Phone: 262-938-4402



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