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January 08, 2020  

Fund Shop Buys Texas, Okla. Rentals

MLG Capital has paid some $225 million for 10 workforce-housing complexes in Texas and Oklahoma.The Brookfield, Wis., fund operator last month paid roughly $81,000/unit for the 2,769-unit package. CBRE brokered the sale for Radco Cos. of Atlanta.The Texas properties are all in Houston and have a total of 1,206 units. The Oklahoma properties, with 1,563 apartments, are in Oklahoma City and Tulsa.The complexes were constructed between 1975 and 1986...

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