KUALA LUMPUR, Feb 15 -- Madison Realty Capital has originated over US$1.5 billion in financing, originations and performing and non-performing note purchases last year, ranging from US$4.9 million to US$173 million. (US$1 = RM4.04)
Madison Realty Capital is a New York City based real estate private equity firm, focused on debt and equity investment strategies.
According to a statement, the firm closed 23 transactions in major US metropolitan and suburban markets across a variety of real estate asset classes including multifamily, mixed-use, medical office, office, industrial, condo, hotel and retail.
More than 70 per cent of the total dollar volume was executed with repeat borrowers, reflecting the firm’s strong relationships and flexible, customer-centric investment approach.
With US$5.6 billion of gross assets under management, Madison Realty Capital also continued to expand its platform by launching a new income-oriented US$1 billion debt investment vehicle, targeting lighter value-add and core-plus real estate transactions with rates of four to seven per cent.
The firm pursues debt investments by originating senior secured loans and mezzanine loans ranging from US$5 to US$500 million and preferred equity investments for the construction, acquisition and refinancing of commercial real estate.
Notable transactions include: a US$173 million construction loan to MAG Partners for a 479-unit residential rental building in the Chelsea neighbourhood of Manhattan and an US$18 million loan to Houston-based medical office development firms for a six-storey Class A medical office building located in The Heights neighbourhood of Houston, Texas.
More details at www.madisonrealtycapital.com
-- BERNAMA
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