To provide attractive risk adjusted returns to accredited investors through investing in a pipeline of multifamily development projects.
Based in Atlanta, GA, Mill Green Partners ("MGP") was founded in 2014 by real estate veteran, R. Gregory Fox. MGP has an exclusive arrangement to provide equity capital for the development projects of several experienced developers of multifamily communities, otherwise known as the "Development Companies." The Development Companies have a strategic relationship with Preferred Apartment Communities, Inc. (“PAC”) (NYSE:APTS). Key principals of the Development Companies and key executives at PAC have long-term ties with Greg Fox.
PAC provides mezzanine loans to most of the development projects of the Development Companies and for those projects enters into a purchase option to acquire the projects once stabilized. MGP raises equity capital through accredited investors who purchase limited liability company membership interests in funds sponsored and managed by MGP. These funds invest in limited liability partnership interests in the development projects of the Development Companies with the strategy of the funds’ liquidity coming from PAC exercising its purchase option to acquire the development projects after stabilization or sale of the development project to a third party buyer.