Madison Development Group, LLC

Madison Communities, LP is an experienced, fully integrated real estate firm that specializes in the acquisition, expansion, development, re-development, renovation, ownership, management, finance and operation of multi-family residential properties with the intent of converting such properties to condominium ownership.

Madison Communities, LP, through single asset entitles invests in properties in strategic markets throughout the United States. Madison’s investment strategy is to prudently invest partnership capital in the acquisition and redevelopment of middle-market multifamily residential properties that exhibit significant potential for condominium conversion. Madison selectively qualifies conversion projects based upon a knowledgeable assessment of the value which can be created on a per unit basis through design enhancements, attractive amenity additions, professional management and a comprehensive marketing program.

Madison is experienced in the multifamily condominium conversion business. Madison combines the capital strength and equity investment discipline of its capital partner, a large Texas realty corporation, with the talented leadership of seasoned professionals in condominium conversion, real estate finance and management services. Madison employs personnel from assorted disciplines in order to provide the full spectrum of services needed to fully execute a condominium development conversion effort. Madison attributes its proven success to its excellent management team, consisting of seasoned financial, legal, construction, contract coordination, property management, marketing and sales professionals.

Madison Development Group was formed in late 2002 by its parent company, Madison Communities, LP, as the operating entity to provide all the real estate services necessary to assist Madison Communities single asset entities to acquire, underwrite, convert and manage properties. Madison’s senior executives bring many years of experience to the company’s platform, having worked through several up cycles (as well as down cycles) while investing in real estate throughout the United States.

Madison’s equity capital provides it a competitive edge by allowing the company to expand its acquisition portfolio with the ability to act quickly in a demanding real estate markets where timely performance and the ability to close are significant aspects of being the successful bidder.