Madison International Realty acquires stake in Monogram Residential Trust
Madison International Realty acquired 5.5% of the outstanding shares of Monogram Residential Trust, Inc. (NYSE:MORE) for a total investment of $81 million. Monogram, formerly known as Behringer Harvard Multifamily REIT I, Inc., is a real estate investment trust that invests in, develops and operates high-quality multifamily communities in 12 states. Ronald M. Dickerman, Madison’s founder and
Madison Encourages Corporate Giving
In November 2014, Madison International Realty gave its New York employees the option to donate their Friday Seamless lunch to the Food Bank for New York City. Over two weeks, Madison raised $2,205 which will provide 11,025 meals to hungry New Yorkers. This donation will benefit the Food Bank’s network of emergency food programs in the area, including
Madison Acquires Additional Interest in Iconic Oslo Office Complex
Madison International Realty announced that it has completed the acquisition of an additional 59.5% interest in the Statoil office complex in Oslo, Norway for NOK 680 Million (US $110 million). Madison acquired its original 35% equity stake in the building in 2012, which represented the second largest single asset transaction in the Norwegian market of
Madison International Buys 50% Stake in €180m Norwegian Retail Owner
In a substantial expansion of its Norwegian property portfolio, Madison International Realty has acquired Schage Eiendom’s 50% stake in High Street Shopping, the owner of €180 mln worth of retail assets including Norway’s oldest department store. HSS is a 50/50 partnership of Schage Property and Promenaden Property. It was founded in 2011 with the acquisition
Madison Appoints Michael Chen as Managing Director
Madison International Realty appointed Michael Chen as Managing Director overseeing its global equity capital markets activities. “We are thrilled to have Michael join Madison as a member of our senior management team. He brings a global view, highly developed investor relationships, keen structuring skills and breadth of experience that will be invaluable as we continue the
Global Fund Raiser Ron Dickerman Evaluates Real Estate Investment Landscape
Ron Dickerman, president & founder of Madison International Realty, speaks with CPE editorial director Suzann Silverman about where real estate investment dollars are coming from and where they are being invested today. Read Article: June 2014 – Commercial Property Executive
Madison Announces Final Close Of Fund V At $825 Million
Madison International Realty announced the final closing of its latest fund, Madison International Real Estate Liquidity Fund V, LP (Madison V), with $825 million of equity commitments from a global roster of institutional investors. The final closing of Madison V exceeded its $750 million target, according to Ronald M. Dickerman, Madison’s Founder and President. “We are very pleased with the robust
Families Going Straight to Asset Owners to Find Buyers
Wealthy families looking to sell iconic buildings are knocking on the doors of institutional investors, taking advantage of institutions growing interest in investing directly in real estate. Real estate-owning families are looking to institutional investors – particularly sovereign wealth funds an pension funds – as buyers of their properties. It’s a win for investors that
Madison Invests in 510 Sixth Avenue
Private equity investor Madison International Realty agreed to acquire a 49.5 percent, non-controlling interest in a 55,565-square-foot retial condominium at 510 Sixth Avenue, valued at just under $68 million, from seller Ark Partners. Loacted between 13th and 14th Streets, the midrise apartment building with streetfront retail borders the West Village and Chelsea and is close
Madison Promotes Alex Lukesch to Director of Its London Office
New York-based Madison International Realty has announced the appointment of Alex Lukesch as the new head of its London office. Lukesch, who previously sewed as a vice president on the firm’s investment team in New York, is replacing former Lehman Brothers real estate executive Sean Kelly-Rand, who ran Madison‘: London branch from its opening in