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.
Representative Transaction
Capital Properties Office Portfolio
Madison acquired a 49.0% ownership interest in the Capital Properties Office Portfolio, consisting of Trinity Centre and Park Square. Trinity Centre is a 950,000 square foot, two-tower office building in the heart of Downtown Manhattan with rare, protected views north/south views given its location between Trinity Church and Zucotti Park. Park Square is a 505,000 square foot landmarked asset, spanning an entire city block of Boston’s Back Bay at a key intersection in one of city’s prime office submarkets. Madison believes the investment presents an attractive entry point into high quality, generational office in a desirable location with premiere walkability and transportation access.