Trianon Office Tower

Frankfurt, Germany

Capital Partner Replacements

Madison purchases interests in indirect or illiquid ownership structures such as:

  • Limited partnerships
  • Limited liability companies
  • Open and closed ended funds
  • Private REITs
  • Other joint venture and co-investment interests

Madison purchases these interests from partners seeking liquidity before the natural sale of the underlying real estate. Investors may seek early exits from their investments due to changes in their investment objectives and allocation strategy, delayed asset sales, or unforeseen financial needs requiring increased liquidity.

Because Madison acts as a passive financial investor, we can replace current partners with fresh equity capital while allowing remaining owners and sponsors to maintain full management control of the assets and portfolios.

This is some alt text for SEO

655 Madison Avenue

Case Study

Madison acquired a 21.4% limited partnership interest in 655 Madison, a prime office building located on Madison Avenue in Midtown Manhattan. Through a financial intermediary, Madison was approached by a prominent New York philanthropic foundation seeking to monetize its limited partnership interest as part of an overall portfolio divestiture. Due to Madison’s passive investment temperament, willingness to adopt the existing partnership structure, and ability to act quickly and in confidence, the general partners of the transaction supported Madison’s acquisition of the seller’s interest in 655 Madison Avenue providing the foundation with the needed liquidity it was seeking.

Learn More

The Trianon Building

Case Study

Madison acquired a 50.0% interest in the Trianon, a 46-story, LEED Gold certified, class A office building in Frankfurt’s financial district. The seller, a Morgan Stanley German open-ended fund, had been forced into liquidation by the German financial regulatory authority and sought a buyer for its 50% joint venture position. Due to the joint venture nature of the transaction, the seller was unable to generate liquidity through a traditional asset sale. By selling its interest to Madison, the seller was able to exit its position efficiently while also providing its joint venture partner with a suitable replacement capital partner.

Learn More

Saks Fifth Avenue Building

Case Study

Madison acquired a 51% limited partnership interest in a class A, free-standing department store, leased long-term to Saks Fifth Avenue, and located in the heart of San Francisco at 384 Post Street in Union Square. The property is part of a portfolio held by a closed-end fund sponsored by Deutsche Asset & Wealth Management, a subsidiary of Deutsche Bank AG. Madison was able to provide existing investors with an exit strategy, giving them the immediate liquidity they were seeking.

Learn More
© 2017 Madison International Realty. All rights reserved. Terms of Use