Conserve Press Release with Disclaimer v2
October 17, 2025
FOR IMMEDIATE RELEASE
Conserve Holdings Completes Recapitalization of Cottage Trails with MLG Capital
Chesapeake, VA — 9/28/2025
— Conserve Holdings (“Conserve”), a vertically integrated real estate investment and management firm, today announced the successful recapitalization of Cottage Trails Apartments, a 187-unit Class A luxury multifamily community in Chesapeake, Virginia, through a joint venture with MLG Capital.
Conserve originally acquired Cottage Trails in 2023. Built in 2015, the property offers modern residences with high-end finishes and premium amenities. The recapitalization will enable a new phase of reinvestment, including targeted renovations and amenity upgrades to ensure the community remains at the forefront of the market.
“We are excited about this partnership and the opportunity to continue building with MLG. Cottage Trails is a great asset in a strong, supply-constrained market, and we’re looking forward to launching this next phase of renovations to further enhance the community.” said David Walkin, Managing Partner of Conserve Holdings. “The property has performed well since our acquisition, and these enhancements will elevate the resident experience while continuing to drive long-term value for our investors.”
Harbor Group will continue to manage the property, ensuring continuity in day-to-day operations while supporting the planned reinvestment program.
Cottage Trails represents Conserve’s ongoing commitment to high-quality multifamily assets across the Mid-Atlantic. The property benefits from strong fundamentals in Chesapeake, a market characterized by population growth, diverse employment drivers, and sustained demand for rental housing.
About Conserve Holdings
Conserve Holdings is a real estate investment firm focused on the acquisition and management of multifamily communities in high-growth markets across the Sunbelt and Mid-Atlantic region. Conserve takes a disciplined, hands-on approach to create long-term value and deliver consistent, risk-adjusted returns. Through careful market selection and active asset management, Conserve drives strong performance for its investors and improves the communities it serves.
About MLG Capital
MLG Capital is a private real estate investment firm with over 37 years of experience, managing approximately $7.9 billion in assets across multifamily and commercial real estate. With a portfolio spanning ~44,200 multifamily units and ~50.9 million square feet ofcommercial property, MLG operates through joint ventures and direct acquisitions. Their investment approach balances cash flow generation, disciplined asset management, and strategic repositioning, underpinned by integrity, relationships, and community impact.
This release does not constitute an offer to sell an investment in a security. Offers to sell an investment in a security can only be made to a qualified purchaser by delivery of a Confidential Private Placement Memorandum (the “Memorandum”), any supplements to the Memorandum and accompanied by a Subscription Document Booklet. The information contained in this release may be preliminary in nature and may have not been independently verified by MLG Capital or its affiliates. The recipient of this release should consult with its own investment, tax and/or legal professionals about the merits of the investment. MLG Capital does not make any representation or warranty as to the accuracy or completeness of any information presented in this release.
Securities offered through North Capital Private Securities, member FINRA/SIPC. Past performance is not a guarantee of future results. Investments in private placements are illiquid, speculative, and may result in complete loss of capital.
Advisory services offered through MLG Fund Manager LLC, an investment adviser registered with U.S. Securities & Exchange Commission.
Media Contact:
Annie Cobb
Conserve Holdings