Madison Hires Two Executive Managing Directors to Lead Push Into Western, Southeastern Markets
Madison Communities has hired Gil Gonzalez and Andrew Butcher as executive managing directors to lead its expansion into the western and mountain states and into Georgia and Tennessee, the company said.
Gonzalez will oversee multifamily development and investment across the western and mountain states, while Butcher will lead development in Georgia and Tennessee. Both will handle site identification, underwriting, and design and construction in their respective markets, according to Madison.
“We are thrilled to welcome Gil and Andrew to Madison,” said Ryan Hanks, founder and chief executive officer of Madison Communities. “Both are proven developers who know their markets inside and out. We’ve spent more than 15 years building a disciplined, vertically integrated platform in the Southeast, and we now have the capital relationships, track record and team to take that same playbook into new regions of the country and into the broader housing sector, including student, senior and affordable housing.”
Gonzalez joins Madison from Ryan Companies, where he led multifamily development operations across the Southwest, overseeing acquisitions, entitlements, and ground-up construction. He previously helped establish Greystar’s Los Angeles development office, where he sourced, entitled, completed, and sold more than a dozen ground-up multifamily projects.
Butcher joins from TWO Capital Partners, where he served as vice president of development leading build-to-rent and multifamily initiatives across the Southeast. He previously worked at Alliance Residential on project sourcing and development management and has overseen development of more than 5,000 multifamily units.
The hires extend a pattern of geographic and product expansion at Madison, which has focused on suburban garden-style multifamily development in the Southeast. The company said it now has 35 communities – 28 operating and seven under development – representing more than 7,400 units.
The move into the western and mountain states follows recent activity in markets including Asheville, N.C., where the company acquired its third property, Madison Long Shoals, in a deal that closed in late November 2025. Madison has also been active on the development side this year, breaking ground in March on Madison Seagrass, a 234-unit community in St. Augustine, Fla., with roughly 40% of units designated as workforce housing under Florida’s Live Local Act.
Madison’s capital-raising arm, Madison Capital Markets, has also been active in the Delaware statutory trust space: the firm launched a roughly $14 million multifamily DST offering backed by the Long Shoals property in February, led by Madison Capital Markets president Jeff Kremin.
Madison Communities is a subsidiary of Madison Capital Group, which specializes in the development and management of multifamily communities in what the firm describes as high-growth markets.
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