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KUALA LUMPUR, Jan 21 -- Madison Realty Capital, a vertically integrated real estate private equity firm focused on debt and equity investment strategies, has announced the completion of one of the most active years in the firm’s 17-year history.
Managing Principal and Co-Founder of Madison Realty Capital, Josh Zegen said: “Madison Realty Capital further distinguished itself in 2021 by providing single-source, customised financing solutions for borrowers’ unique needs and delivered speed, certainty of execution, and strong underwriting, despite a highly dynamic market environment.
“I am proud of what we were able to accomplish, which is a testament to our team as well as the culture and expertise we have developed over the past 17 years. We look forward to continuing to execute on behalf of our borrowers, investors, and communities we serve in 2022 and beyond.”
According to a statement, 2021’s notable highlights include closing a record US$6.4 billion in total deal volume in 2021 across 72 transactions; and, raising US$2.08 billion in equity commitments for Madison Realty Capital Debt Fund V LP (Fund V), exceeding the fund’s US$1.75 billion target. (US$1 = RM4.191)
Other highlights involve originating over US$1 billion in loan-on-loan financing for 12 alternative lenders as part of its lender financing strategy; launching an institutional hospitality lending platform, Madison Newbond, with US$500 million of initial lending capacity in partnership with Newbond Holdings and, attracting and retaining executive talent.
Meanwhile, noteworthy transactions for the firm in 2021 include breaking ground for a mixed use residential and public school development in Woodside, Queens in a public-private partnership with the NYC School Construction Authority and Department of Education.
This also included a US$34 million loan-on-loan financing for the redevelopment of a multifamily property in Woodland Hills, Los Angeles; and, a US$106 million construction loan to Arch Companies and AB Capstone for the ground-up development of Myrtle Point, a mixed-use residence in New York City.
Headquartered in New York City, with an office in Los Angeles, the firm has approximately 70 employees across all real estate investment, development, and property management disciplines.
More details at www.madisonrealtycapital.com.
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