Madison Capital Group Launches $14M North Carolina Multifamily DST Offering
Madison Capital Group, a vertically integrated real estate investment and development firm, has launched MCG Arden NC Multifamily DST, a Delaware statutory trust offering backed by Madison Long Shoals, a Class A boutique multifamily community located at 10 Calm Water Drive in Arden, N.C., within the Asheville submarket.
Completed in 2024, Madison Long Shoals (formerly known as Venture at Long Shoals) is set against the backdrop of the Blue Ridge Mountains and Lake Julian. The property consists of 86 residential units totaling approximately 72,000 rentable square feet. According to the company, the property has experienced a strong lease-up and reached stabilization in just 10 months.
The DST, being offered exclusively to accredited investors pursuant to Regulation D, Rule 506(c) under the Securities Act of 1933, includes a total equity raise target 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.
“MCG Arden NC Multifamily DST reflects our continued focus on providing retail investors with access to high-quality assets in markets supported by durable economic drivers and lifestyle demand,” said Jeff Kremin, president of Madison Capital Markets. “The Asheville area combines strong in-migration trends, employment growth and constrained housing supply, creating a compelling backdrop for multifamily investment.”
The residences feature sophisticated interior finishes, including 9-foot ceilings, stainless steel appliances, granite countertops, designer lighting packages and wood-style plank flooring throughout the units. Each unit also includes a full-size washer and dryer and generous walk-in closets.
Madison Long Shoals caters to the outdoor-inspired lifestyle with an amenity package curated for both relaxation and productivity. Residents enjoy a fitness studio, a clubhouse, coworking and conference spaces, a fenced pet park, and secure bike storage.
The property is located in close proximity to major employment anchors, including Mission Health, Ingles Market and the Charles George VA Medical Center, and is approximately eight minutes from Asheville Regional Airport. The surrounding area features affluent demographics, with a reported 2024 average household income of approximately $114,000 within one mile of the property.
Asheville has experienced sustained population growth in recent years, supported by in-migration trends and a diversified economy. With a vibrant downtown, nationally recognized food and arts scene, access to outdoor recreation along the Blue Ridge Parkway, and proximity to Asheville Regional Airport, the market continues to experience sustained population growth and housing demand.
Madison Capital Group LLC is a vertically integrated real estate investment and development firm with a track record of sourcing, developing and managing real estate opportunities across multiple sectors. Madison Long Shoals is its third Asheville-area multifamily community and joins Burton Hills and The Harrison.
Madison Communities will serve as the property manager.
Madison Communities is a vertically integrated multifamily development and operations platform focused on developing, owning and operating high-quality apartment and build-to-rent communities across markets in the Southeastern United States. The platform includes 36 properties across six states, totaling more than 7,400 units.
Earlier this year, Madison Communities closed a $24.7 million construction loan to finance Madison Trinity, a build-to-rent townhome community at 325 W. Trinity Lane in Nashville, Tenn. The property is owned by two retail funds: Madison Trinity Investors LLC, launched in December 2024 with an approximate $9 million fundraising target, and Madison Capital Multifamily Opportunity Fund LLC, launched in October 2021 with a maximum offering size of $80 million.
Madison Capital Group Holdings, headquartered in Charlotte, is a vertically integrated real estate investment and development firm with approximately $4 billion in assets under management, that acquires, develops and operates multifamily, self-storage, recreational storage, marina, and commercial real estate assets nationwide.
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