Wisconsin-based MLG Capital has bought two Shelby County residence complexes, the Protect at Southwind and the Protect at Bartlett, the corporate stated Tuesday.
The corporate declined to reveal the acquisition costs and the Shelby County Register of Deeds web site didn’t present current gross sales for both property as of Tuesday afternoon.
The investments by the Brookfield-based firm are the second and third within the Memphis space.
The 306-unit Protect at Southwind is positioned at 7991 Capilano Drive in Memphis and the 300-unit Protect at Bartlett is positioned at 8840 Bristol Park Drive in Bartlett. Each complexes function one-, two- and three-bedroom models.
Mike Slinde, ssistant vp of personal fairness for MLG Captial, stated the complexes had a number of enticing options, together with being in in-demand submarkets with good faculty districts.
“The Memphis space can be exhibiting indicators of accelerating employment, and these properties provide handy entry to a number of the space’s largest employers. The Bartlett property, specifically, is a key asset given the rental housing provide constraints in that neighborhood,” he stated in a launch.
The Bartlett property consists of gated entry, one- and two-car connected garages, a canine park, a movie show, a playground, and an outside pool.
The Memphis advanced additionally has a pool, canine park and garages in addition to a communal outside kitchen and a health middle.
Corinne S Kennedy covers financial improvement and healthcare for The Business Attraction. She may be reached by way of e-mail at Corinne.Kennedy@CommercialAppeal.com
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