MILWAUKEE, Wisconsin— Newmark Knight Frank, a global, full-service commercial real estate services business, announced that it has acquired MLG Commercial, LLC, a leading commercial real estate company offering brokerage and property management services in Wisconsin.
MLG Capital is not affected by the sale and will continue its normal operations as the premier manager in private real estate investing for Investment Advisors, Family Offices and High Net Worth Individuals, since its inception in 1987.
Tim Wallen and Barry Chavin, both Principals of MLG Capital, had an ownership interest in NAI MLG Commercial which was operated 100 percent independent of MLG Capital. MLG Capital actively pursues investments in approximately 15 states, self manages its assets, and is not reliant on NAI MLG Commercial in any manner.
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.