NEWSLETTER

DECEMBER 2022

NEWSLETTER

December 2022

DEAL STORY SPOTLIGHT

MMG got the sellers out of a poorly managed asset and recouped their equity in the deal. Then, MMG assisted new ownership with building a comprehensive business plan to reach a profitable exit. Talk about a happy ending for everyone involved!
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MARKET FOCUS

OKLAHOMA CITY

The Oklahoma City, OK, Metropolitan Area (MSA) encompasses seven counties in central Oklahoma with nearly 1.5 million residents calling the metro area home. Residents enjoy a high quality of life, low cost of living, and diversity in job opportunities amid a healthy economy. OKC boasts a world-class energy sector, which is home to Fortune 500 companies Devon Energy and Chesapeake Energy.Seven other major industries support the OKC economy, namely aviation, biotechnology, transportation and

logistics, business services, healthcare, telecommunications, hospitality and entertainment, as well as a range of government agencies and services.

The city boasts a business-friendly climate, thriving economy, a highly skilled workforce, and a strategic location that continues to attract a growing base of young professionals, companies, and commercial developments to the region. Significant capital investments such as MAPS have caused property values in the metro to increase sharply in the past 10 years. Thus, OKC is positioned for a stronger future as it continues to report a combination of population and housing gains, employment and business formation growth, and expanded cultural, entertainment, and recreation options.

OKLAHOMA CITY

The Oklahoma City, OK, Metropolitan Area (MSA) encompasses seven counties in central Oklahoma with nearly 1.5 million residents calling the metro area home. Residents enjoy a high quality of life, low cost of living, and diversity in job opportunities amid a healthy economy. OKC boasts a world-class energy sector, which is home to Fortune 500 companies Devon Energy and Chesapeake Energy.Seven other major industries support the OKC economy, namely aviation, biotechnology, transportation and logistics, business services, healthcare, telecommunications, hospitality and entertainment, as well as a range of government agencies and services.

The city boasts a business-friendly climate, thriving economy, a highly skilled workforce, and a strategic location that continues to attract a growing base of young professionals, companies, and commercial developments to the region. Significant capital investments such as MAPS have caused property values in the metro to increase sharply in the past 10 years. Thus, OKC is positioned for a stronger future as it continues to report a combination of population and housing gains, employment and business formation growth, and expanded cultural, entertainment, and recreation options.

TOP EMPLOYERS

MMG IN THE MEDIA

COMPANY NEWS

MMG IN THE COMMUNITY

MMG was honored to partner with Operation Breakthrough and JFS this holiday season.

Since the early 90’s, Operation Breakthrough has provided Christmas gifts and holiday meals to those in need in the central city. The children enrolled in this program all come from low‐income families. Some are homeless. Many are in foster care because they have been abused or neglected in the past. Nearly all live in single‐parent families, headed by working‐poor women. The children range in age from birth to age 15.

JFS is one of the largest providers of older adult services in the Kansas City community, providing important services in the aging journey for older adults, including 75 holocaust survivor and 40 veterans. With the help of donors, JFS Hanukkah Adopt a Family Project helps make the holidays brighter for over 350 individuals in the Kansas City community!

MMG was privileged to collect thousands of dollars in donations from employees and gave a matching company contribution. It is our honor to support these causes and strengthen the community we call home! Director of Experience and Engagement Karisa Cowell stated, “The entire team was excited for the opportunity to give back this season, especially after we have had such an amazing year. We look forward to more opportunities to share our success in 2023!”

EMPLOYEE SPOTLIGHT

Picture of Hannah Ness

MEET HANNAH NESS

Congratulations to Hannah Ness, our Employee Spotlight of the Month! Hannah’s commitment to the MMG team and her willingness to step up and do what needs to be done — even if it falls outside of her job title — doesn’t go unnoticed.

 

ASK AN ADVISOR

Why should I use an advisor?

RICHARD REDDING “Sellers who try to ‘save on fees’ and avoid hiring an advisor often end up leaving a lot of money on the table. Knowledge is power. Our clients have our Cross Market Capital team as well as our team of national advisors working to ensure that they receive the best possible pricing and terms.”

Other firms don’t have a Cross Market Capital Team. What is it, exactly?

BRETT MEINZER “The CMCT is a laser-focused advisory team that creates new buyers and transitions buyers to all MMG’s active assignments. With cross-market relationships and real-time marketplace knowledge of which groups are aggressive, active, in 1031 exchanges, or have liquid funds to deploy, the CMCT leverages relationships with multiple active buyers across multiple markets in order to transition capital at a highly effective rate. In short, they deploy new capital—that would not have otherwise existed—into new markets.”

I’ve received BOV’s before. What makes yours different?

MATT LEDOM “Rather than a simple opinion of value, we provide you with a complete analysis of your property. We present our deal team and analysis with a single goal in mind: to give you the widest range of options and provide clarity in making the best decision to reach your goals.”

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