Madison Capital Group Launches North Carolina Multifamily DST Offering
Madison Capital Group launched MCG Arden NC Multifamily DST, a Delaware statutory trust offering comprised of Madison Long Shoals, a Class A boutique multifamily community located at 10 Calm Water Drive in Asheville.
Completed in 2024, Madison Long Shoals consists of 86 residential units.
The offering includes a total equity raise of approximately $14 million and is structured with an approximate 48% loan-to-value ratio. The minimum investment is $100,000 for 1031 exchange investors and $25,000 for cash investors.
The residences feature an amenity package including a fitness studio, a clubhouse showcasing, coworking and conference spaces, a fenced pet park, secure bike storage and a range of other best-in-class features.
Madison Long Shoals is the company’s third Asheville-area multifamily community and joins Burton Hills and The Harrison. Madison Communities will serve as the property manager.
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout