Madison Fully Subscribes $77.7 Million DST Offering in Charlotte
Madison Capital Markets, an affiliate of Madison Capital Group Holdings, has fully subscribed Madison Ridge DST, a nearly $77.7 million Delaware statutory trust investment offering launched in March 2024. The trust owns Madison Ridge, 240-unit luxury apartment community located the Greater Charlotte metro region.
Located at 3506 Buster Lane in Indian Land, S.C., Madison Ridge is a 2023-built multifamily development positioned near employment hubs, such as Indian Land, Ballantyne, and Fort Mill. The community is just 35 minutes from Charlotte’s central business district.
“This successful closing reflects investor confidence in both the asset and the long-term fundamentals of the Indian Land submarket,” said Ryan Hanks, chief executive officer of Madison Capital Group Holdings. “Madison Ridge represents the type of high-quality, professionally managed community we aim to deliver in strong-growth corridors across the Southeast.”
According to the company, Madison Ridge amenities include a saltwater pool with tanning deck, fitness center, outdoor grilling pavilion, community lounge with workstations, and walking paths. Apartment homes include granite countertops, stainless steel appliances, large walk-in closets, and private balconies or patios.
The site offers direct access to RedStone, a major retail and dining destination anchored by a 14-screen movie theater, and is 10 minutes from Ballantyne, one of Charlotte’s most affluent submarkets and employment centers. Nearby retailers include Publix, Walmart, Lowe’s, Swig Drinks, and soon to be a Costco – all located along the U.S. 521 corridor.
Indian Land is home to several corporate headquarters, including Red Ventures, Continental Tire North America and Movement Mortgage. According to Madison, a combination of high-performing schools, low taxes, and abundant recreational opportunities continues to drive strong population and multifamily demand.
The closed DST offering marks a successful transaction for Madison Capital Markets, a vertically integrated real estate investment and development firm with a portfolio spanning multifamily, self-storage and RV storage assets.
Earlier this month, Madison Capital Markets launched a $34 million DST offering for The Collective at Archer Farms, a 172-unit built-to-rent community in Gainesville, Fla. In June, it launched Madison Convenience Fund I, LLC, a private real estate investment fund targeting a capital raise of $125 million to meet the growing demand for high-quality convenience and gas station facilities across the United States.
Madison Capital Markets, the investment management and capital markets affiliate of Madison Capital Group Holdings, delivers tax-advantaged real estate solutions for accredited investors. The firm structures and manages offerings across 1031 exchanges, DSTs, and Regulation D private placements, with a primary focus on multifamily and self-storage assets in high-growth markets nationwide. The company is dedicated to creating investment opportunities that provide stable cash flow, preserve capital, and deliver long-term value.
With more than $6 billion in real estate transactions, Madison Capital Group, headquartered in Charlotte, N.C., is the parent entity of Go Store It Self-Storage, a non-traded direct investment sponsor emphasizing self-storage, and Madison Communities, a vertically integrated real estate development and investment firm dedicated to apartment communities throughout the Southeast.
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