Madison Capital Markets Group Closes $21 Million Self-Storage DST in Texas
By Staff
Madison Capital Markets Group, a national sponsor of syndicated 1031 exchange offerings, announced that it has closed the $21 million Go Store It Self-Storage Texas DST to additional investments.
The firm stated that the portfolio encompasses 1,484 units spanning 246,775 square feet of rentable storage space across three strategically located properties: 401 N. Brazos Street, 101 E. Adams Avenue, and 700 FM 2604. The facilities are located one hour south of the Dallas-Fort Worth metropolitan area near Lake Whitney, a popular recreational destination that attracts millions of visitors annually.
“We are very pleased with the velocity of the raise on this offering,” said Michael Crimmins, president of Madison Capital Markets. “Our broker-dealer partners have been instrumental in this success. We look forward to achieving all of our investment objectives within the offering.”
This closing follows closely on the recent launch of Madison Capital Group’s Go Store It Opportunity Fund, LP, a $250 million self-storage fund. Madison Capital also recently closed a $16 million preferred equity raise for a multifamily community in South Carolina.
Go Store It Self Storage, an affiliate of Madison Capital Group, owns and operates 146 locations across 23 states.
Madison Capital Group, a vertically integrated real estate development and investment firm headquartered in Charlotte, N.C., specializes in real estate investments with a focus on the self-storage and multifamily sectors.
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