The Funds

Mill Green Opportunity Fund IV, LLC (“MGOF IV”)


MGOF IV was launched in March 2017 and was closed in May 2018, raising approximately $30.7 million to invest in four multifamily development projects located in Ft. Myers, FL, Alexandria, VA, Nashville, TN and Fredericksburg, VA.  PAC provided mezzanine loans to each project and entered into a purchase option to acquire each project after stabilization.


Mill Green Opportunity Fund III ("MGOF III")


MGOF III was launched in March 2016 and was fully subscribed, raising $37.3 million to invest in four multifamily development projects located in Tampa, FL, Atlanta, GA (2) and Charlotte, NC and two student housing development projects located near the campus of Texas A&M University in College Station, TX and the University of North Carolina-Charlotte in Charlotte, NC. PAC provided mezzanine loans to each project and entered into a purchase option to acquire each project after stabilization. 


Mill Green Opportunity Fund II ("MGOF II")


MGOF II was launched in June 2015 and was fully subscribed, raising $23 million to invest in six multifamily development projects located in Tampa, FL (2), Charlotte, NC, Manassas, VA and Atlanta, GA (2) and a student housing project near the campus of Texas Tech University in Lubbock, TX (phase II).  The multifamily development sites are all located in or adjacent to mixed-use developments. PAC provided mezzanine loans to each project and entered into a purchase option to acquire each project after stabilization.  One of the Tampa projects and the Charlotte project are the second phases of existing, stabilized properties that PAC has already acquired. 


Mill Green Opportunity Fund ("MGOF") - LIQUIDATED


MGOF was launched in January 2015 and was fully subscribed, raising $13.3 million to invest in two student housing development projects: one near the campus of Baylor University in Waco, TX and the other near the campus of Texas Tech University in Lubbock,TX; and a multifamiy development project in Atlanta, GA.  Preferred Apartment Communities, Inc. ("PAC") provided mezzanine loans to each project and entered into a purchase option to acquire each project after stabilization. The final asset of MGOF was sold in December 2017.