Mill Green Capital Expands Its Reach with New Partnership with Prosper Multifamily

Mill Green Capital and Prosper Multifamily Unite

On January 9, 2025, Mill Green Capital (MGC) proudly announced its new partnership with Prosper Multifamily, recognized for their substantial focus on preferred equity investments within multifamily developments across the Southeast. Founded by seasoned professionals Jeff Sherman and Stuart Coleman, Prosper aims to enrich its collaborative efforts by joining forces with MGC, which has established a significant footprint in the region.

This partnership brings a wealth of experience that is expected to advance MGC's investment strategy significantly. With Sherman and Coleman stepping into their roles as partners, they will mainly concentrate on underwriting new investments and managing existing assets. This aligns perfectly with MGC's goal of advancing its portfolio of Class A multifamily communities.

CEO Greg Fox expressed enthusiasm about this strategic collaboration, emphasizing the expertise Sherman and Coleman bring to the firm. He remarked, "Their addition to our company profoundly enhances the depth of our investment processes and asset management capabilities. We are not only excited about their business acumen but also this partnership lays down a solid succession plan for our organization."

Sherman, reflecting on their long-standing professional relationship, stated, "Stuart and I have admired the business that Greg has built over the years. We are honored to join the MGC team and anticipate working alongside Greg and Brian to further develop MGC's impressive legacy."

Located in Atlanta, Georgia, Mill Green Capital, along with its predecessor Mill Green Partners, has recently celebrated a decade of impactful investing, managing over $500 million in capital dedicated to premium multifamily projects. Their focus on Class A developments distinguishes MGC as a leader in the sector, fostering exceptional partnerships with a select group of development collaborators.

By integrating the talents of Prosper’s founders, MGC is poised to refine its investment approach even further. Their combined expertise represents a substantial asset to their current investment team, setting MGC apart as a formidable player in real estate investment, particularly in a landscape where multifamily housing is becoming ever more crucial.

In an ever-evolving real estate market, the intricacies of multifamily developments require not only strategic foresight but also a collaborative spirit among partners. The partnership with Prosper Multifamily encapsulates this need perfectly, promising to enhance MGC's capabilities in meeting the multifamily housing demands throughout the Southeastern and Mid-Atlantic regions.

Both organizations share a commitment to quality and sustainability in real estate investments, and with their combined resources and industry insights, they are strategically positioned to continue building upon their respective successes. As the market for residential developments intensifies, the MGC-Prosper merger signifies an embrace of innovation and an unwavering commitment to progress.

For continued updates on this partnership and its impacts on multifamily developments, please visit Mill Green Capital’s website.