Midloch Investment Partners recently closed its second value fund (Midloch Value Fund II) to new investors after raising $60 million. This follows the sale of Last Mile Penn industrial property in Minneapolis and the acquisition of three multifamily properties in Wisconsin. The company is now launching its third value fund (Midloch Value Fund III), targeting $75 million equity for investments in well-situated multifamily and commercial properties across the Midwest. Midloch’s total capital targeted for raise and investment through these three funds amounts to $165 million.
Based on fully realized investments, Midloch Value Fund II has generated an impressive IRR of 45% for investors, while generally aiming at 14-18% annual returns overall. With offices located in Chicago, Milwaukee, and Minneapolis – though having made a number of investments outside these markets from Southeast to Sunbelt to Mountain West – Midloch focuses primarily on Midwest real estate opportunities.
