Fund

MG Capital Fund IV: A Debt-Free Offering Manhattan, NY

Property
Type
Multi-Family
Investment Type
Fund
Asset Profile
Core Plus
Min. Investment
$100K
Estimated Hold
6Y
Target Return (IRR)
20%
Target Annual Cash
8-10%
Target Equity Multiple
2.6x
 

Offered By

MG Capital Elite Sponsor

New York, NY

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Assets Under
Management

Currently
$430MM
Exited
$995MM
Portfolio LTV
0%
Historical
Realized Returns

Total IRR
20%
Equity Multiple
2.6x
Annual Cash
9%
Years Of
Experience

As Principals
30+ years
In Business
17 years
Size
25 Staff
* All information is reported by MG Capital as of 8/11/2017.
 

About this Fund

MG Capital's latest offering is now open to accredited investors. Fund IV will be available through December 15, 2017 for investments between $100K-$25 million. The Fund follows the same debt-free strategy as MG Capital's prior Funds and investors’ net invested capital is fully protected from loss.
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Key Points

  • Investors’ net invested capital is fully protected from loss
  • Each property owned by MG Capital funds is secured with fair-market, MG-AAA rated corporate tenants through non-cancelable, multi-year leases with annual rent escalations
  • Returns are uncorrelated to broader markets and interest rate movements
  • Fund IV has a 60-month term (anticipated exit in 2023)
  • Investors may reinvest any annual cash dividends
  • Investors earn a targeted 20% gross annual IRR
 

Financials

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Location Details

Manhattan, NY

MG Capital exclusively invests in Class A residential luxury properties across Manhattan. The firm's debt-free portfolio consists of hundreds of individual properties, diversified across 100+ premier buildings and 15 prime Manhattan neighborhoods. MG Capital has consistently achieved 100% occupancy, as each property is contractually secured with fair-market, MG-AAA rated corporate tenants.
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Documents

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Frequently Asked Questions

Below are some of the most frequently asked questions about this offering.

The General Partner agrees that if, as of the completion of the winding up of the Partnership, the sum of the cumulative distributions of Rental Proceeds made to the Investor plus the cumulative distributions of Portfolio Investment Distributions made to the Investor is less than the aggregate amount of the Investor’s Net Capital Contributions that were used to make Portfolio Investments then the General Partner shall be obligated to promptly pay to the Investor, directly or indirectly via payment to the Partnership and then from the Partnership to the Investor, an amount equal to the Investor’s Net Invested Capital Shortfall.

Yes, investors can invest in the Fund through their IRA/401(k) retirement accounts. MG Capital collaborates with Merrill Lynch as custodian for self-directed IRA/401(k) retirement accounts.

Yes, US and non-US residents are welcome to apply.

Net proceeds from rental income, if any, will be distributed annually to investors. The initial annual dividend distribution for Fund IV is currently anticipated to occur in 2018, once the Fund has recorded a full year of performance since its inception.

The Fund is scheduled to report its first year of performance in 2018 and is expected to be exited in full through a syndication to institutional investors in 2023.

MG Capital’s team commitment will be equal to at least 2% of each investor’s capital commitment. As a result, the team commitment grows each time an investor makes a new allocation. To date, MG Capital’s aggregate team commitment to prior fund offerings totaled approximately $22 million.

RealCrowd is free for investors. RealCrowd charges a technology access fee to the operating partner for our services. We do not charge investors any upfront fees, ongoing asset management fees or promote/carried interest in the investments.

RealCrowd offerings are open to accredited investors. RealCrowd does not recommend or advise on any offering on our platform. While we have minimum history and experience threshold for sponsors who post on our platform, if you are unable to perform your own due diligence, please consult with an attorney or financial advisor prior to making an investment.

RealCrowd is a marketplace that connects investors with qualified sponsors. We strive for transparency and impartiality. For this reason, we do not participate in any offerings on our site.

Have a Question?

Send MG Capital and/or RealCrowd a message. If you have a question about this offering ask MG Capital. If you have a question about the transaction process or other general inquiry, RealCrowd will be happy to help.

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