NEW YORK, July 19, 2021 (GLOBE NEWSWIRE) — Madison Realty Capital, a vertically integrated real estate private equity firm focused on debt and equity investment strategies, today announced it has provided a $105 million loan to Fort Partners for the acquisition and modernization of the Four Seasons Hotel Miami located at 1435 Brickell Avenue in Brickell, Florida. The loan was originated from Madison's income strategy that offers transitional loans to institutional sponsors. In 2019, Madison provided a $210 million loan to Fort Partners for its construction of the Four Seasons Hotel and Private Residences Fort Lauderdale.

"We are pleased to continue our work with Fort Partners, a best–in–class developer with a strong track record in South Florida, and deliver a timely, customized financing solution for this exciting project," said Josh Zegen, Managing Principal and Co–Founder of Madison Realty Capital. "Fort Partners, in close collaboration with Four Seasons, have put forth a strong plan that will modernize the property focused on enhancing room configurations, pool deck and lobby, and upgrade the food & beverage options by partnering with renowned chefs and restaurateurs. Moreover, Brickell is an attractive, established neighborhood in Miami that caters to both tourists and business clients given its proximity to South Beach. We look forward to supporting Fort Partners in the future."

"This is our second large loan with Madison Realty Capital, and again they executed quickly and delivered certainty of execution. Madison offered a highly competitive rate with a flexible structure that will allow us to effectively implement our renovation and repositioning plan for this strategic asset," said Michael Conaghan, partner with Fort Partners LLC.

The 221–key hotel is part of a 70–story mixed–use tower that includes class–A office space, residential condominiums, an Equinox health club, retail space and a parking garage. Millennium Partners developed the property in 2003 and Handel Architects led the design. The acquisition marks the fourth Four Seasons property in Fort Partners' Florida portfolio alongside hotels located in Surfside, Fort Lauderdale, and Palm Beach.

JLL Managing Director Jim Dockerty, Senior Managing Director, Kevin Davis, and Managing Director, Mark Fisher represented Fort Partners in the deal.

About Madison Realty Capital

Madison Realty Capital is a vertically integrated real estate private equity firm that manages approximately $6 billion in total assets on behalf of an institutional global investor base. Since 2004, Madison Realty Capital has completed more than $15 billion in transactions in the U.S. providing reputable borrowers with flexible and highly customized financing solutions, strong underwriting capabilities, and certainty of execution. Headquartered in New York City, with offices in Los Angeles and Miami, the firm has over 60 employees across all real estate investment, development, and property management disciplines. Madison Realty Capital has been frequently named to the Commercial Observer's prestigious "Power 100" list of New York City real estate players and is consistently cited as a top construction lender, among other industry recognitions. To learn more, follow us on LinkedIn and visit www.madisonrealtycapital.com.

GLOBENEWSWIRE (Distribution ID 8282341)

NEW YORK, June 08, 2021 (GLOBE NEWSWIRE) — Madison Realty Capital, a fully integrated real estate private equity firm focused on debt and equity investment strategies, today announced it has provided a $278.5 million construction loan for a portfolio of four assets located in Austin, Texas to Reger Holdings, LLC, a New York–based real estate investment and development company led by CEO Gordon Reger, a third–generation member of the Reger/Mader family who founded the company.

The portfolio is comprised of two mixed–use multifamily properties and 317 acres of entitled land with plans to develop 1,264 multifamily residential units, known as the EastVillage, located along the Parmer Lane tech corridor in northeast Austin and a luxury condominium in downtown Austin known as The Linden Residences. Reger Holdings contributed significant cash equity for the construction.

Josh Zegen, Managing Principal and Co–Founder of Madison Realty Capital, said, "This transaction highlights Madison Realty Capital's solutions–oriented approach and unique ability to serve as a single source financing provider to a highly reputable borrower. Austin is a rapidly growing, vibrant city experiencing exceptional economic growth but faces high barriers to entry. The Parmer Lane tech corridor is home to some of the most prominent Austin employers and some of the nation's most innovative companies, including Tesla, Apple, Samsung, Oracle, Dell, Facebook, and 3M. However, the city is facing an undersupply of the high–quality housing options that employees in the Parmer Lane tech corridor demand. We look forward to working with Reger, a best–in–class developer with a strong balance sheet, to complete future phases of development in Austin and continue to identify attractive opportunities for our investors and partners throughout Texas and the Southwest."

"Madison Realty Capital's senior financing for the EastVillage and the Linden marks an exciting milestone for both projects," said Gordon Reger. "We are pleased to work with a single capital source that has the flexibility to finance these diverse projects."

The mixed–use residences are comprised of two development sites across 29 acres within the over 400–acre master site planned for the EastVillage. The first EastVillage development will offer 312 luxury apartment units across six garden–style apartment buildings with top–tier amenities, including a fitness center, courtyard, dog grooming station and swimming pool. The second EastVillage development will consist of an additional 422 one–, two– and three–bedroom apartment units with state–of–the–art finishes, fitness center, game room, yoga studio, and 143,000 square feet of commercial space. Future phases of development for EastVillage involve 317 acres of land approved for 1,264 multifamily units, 240 hotel keys and over one million square feet of commercial space. The EastVillage is adjacent to Samsung's Semiconductor chipmaking plant, one of Austin's largest employers, which recently announced plans to expand with a $17 billion chipmaking facility.

Located at 313 West 17^th Street in downtown Austin near the State Capital and the University of Texas at Austin, The Linden Residences is a 28–story luxury condominium project that will offer 117 one– to three–bedroom units, 5,196 square feet of ground floor retail and 251 parking spaces. The amenity rich units have been substantially sold to date.

Newmark Executive Managing Director David Douvadjian, Senior Managing Director, Brian Butler, and Director, David Douvadjian, Jr., served as advisors to Madison Realty Capital in the deal.

About Madison Realty Capital

Madison Realty Capital is a New York City based real estate private equity firm focused on debt and equity investment strategies with regional offices in key markets including Los Angeles and Dallas. Founded in 2004, MRC has closed on approximately $14 billion of transactions in the multifamily, retail, office, industrial and hotel sectors nationwide. The firm manages investments in the United States on behalf of a global investor base. MRC is a fully integrated firm with over 60 employees across all real estate investment, development, and property management disciplines. Among other industry recognitions, MRC has been named to the Commercial Observer's prestigious "Power 100" list of New York City real estate players and is consistently cited as one of the industry's top construction lenders. To learn more, follow us on LinkedIn and visit www.madisonrealtycapital.com.

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• Linden Residences
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GLOBENEWSWIRE (Distribution ID 8250933)

NEW YORK, June 02, 2021 (GLOBE NEWSWIRE) — Madison Realty Capital, a fully integrated real estate private equity firm focused on debt and equity investment strategies, today announced it has provided a $30 million first mortgage loan to Metropica Development for a luxury condominium tower and a ten–acre development site, which includes plans to develop a second 250–unit multifamily tower. The portfolio is part of Metropica, a four million–square–foot master planned community comprised of luxury residences, modern office towers and high–end retail offerings located in Sunrise, Florida.

Metropica Development, led by Joseph Kavana, began construction of the first 263–unit luxury condominium tower in 2017 and has sold 174 units to date. Madison's loan will be used to support 89 units, representing 101,989 square feet on the upper floors of the first condominium tower as well as the adjacent 250–unit second condominium tower. In addition to the first tower, the Metropica master planned development will include 500 multifamily units, 550,000 square feet of commercial space for luxury retail, dining and entertainment destinations as well as 246 hotel keys.

"We are pleased to deliver a customized and flexible financing solution for the remaining condo inventory in the Metropica Development," said Josh Zegen, Managing Principal and Co–Founder of Madison Realty Capital. "Madison's ability to finance residential projects through every stage of development was highly attractive to Metropica, an experienced local development firm, and we look forward to working with Joseph and his team to support this unique and ambitious project."

Located at 2000 Metropica Way, adjacent to the Sawgrass Mills shopping mall and BB&T Center, the 28–story Metropica Tower offers luxury residences with an average of 1,034 square feet, top–of–the–line finishes and high–concept designs from Oppenheim Architecture and YOO Studio. The tower's resort–style amenities consist of a saltwater swimming pool, lounges, movie theater, fitness center, massage and yoga centers, and a children's playroom.

Melissa Rose of JLL Capital Markets arranged the financing from Madison Realty Capital.

About Madison Realty Capital

Madison Realty Capital is a New York City based real estate private equity firm focused on debt and equity investment strategies with regional offices in key markets including Los Angeles and Dallas. Founded in 2004, MRC has closed on approximately $14 billion of transactions in the multifamily, retail, office, industrial and hotel sectors nationwide. The firm manages investments in the United States on behalf of a global investor base. MRC is a fully integrated firm with over 60 employees across all real estate investment, development, and property management disciplines. Among other industry recognitions, MRC has been named to the Commercial Observer's prestigious "Power 100" list of New York City real estate players and is consistently cited as one of the industry's top construction lenders. To learn more, follow us on LinkedIn and visit www.madisonrealtycapital.com.

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• Metropica

GLOBENEWSWIRE (Distribution ID 8247222)

NEW YORK, May 05, 2021 (GLOBE NEWSWIRE) — Madison Realty Capital, a fully integrated real estate private equity firm focused on debt and equity investment strategies, today announced it has provided a $395 million loan to Accurate Builders & Developers for a portfolio of assets that includes three nearly–complete multifamily properties located in Bayonne, Raritan and Linden, NJ that includes 1,161 units nearing completion and an eight–acre development located at the site of the Former Bears Stadium in Newark, NJ, that includes plans to develop 4,200 residential units.

"This transaction reflects Madison Realty Capital's ability to provide a complex, hybrid financing solution to a high–quality borrower across price points and all stages of the project lifecycle, from land acquisition, ground up development and leasing," said Josh Zegen, Managing Principal and Co–Founder of Madison Realty Capital. "We are thrilled to expand our relationship with Jack Klugmann of Accurate Builders & Developers and to work with the Town of Newark on this exciting, once–in–a–generation project that benefits the economic revitalization of downtown and will bring much needed high quality housing options to Newark's hard–working residents. Bayonne, Raritan and Linden are attractive, transit–oriented locations with growing demand for high–quality rental housing options."

Details of the portfolio of three multifamily projects near completion, are as follows:

• The four–story Raritan multifamily building offers 276 studio, one– and two–bedroom units, 20 of which are affordable units, and luxury amenities, such as fitness centers, courtyards, BBQ and a parking garage. Leasing for this property is already underway.
• In Linden, the four–story rental property will offer 234 studio, one– and two–bedroom units with access to top–tier amenities including courtyards, pool, fitness centers, roof deck and children's playroom. Leasing for this property is expected to begin over the summer.
• The Bayonne property consists of two, five–story multifamily properties with a mix of 651 studio, one–, and two–bedroom units and will offer top–tier amenities including a roof deck, concierge, pet center, spa facility, rooftop pool, fitness center and outdoor terraces. Leasing is for the buildings is expected to occur at the end of 2021 and the first quarter of 2022, respectively.

The eight–acre Newark project site includes plans to develop 4,200 residential units as part of a master–planned community to be built in nine phases that enables the borrower to develop the assets over time and monetize the assets individually in partnership with the City of Newark. The ground up development project will include 200 affordable units, up to 3,000 parking spaces; at least 100,000 square feet of hospitality/destination retail, co–working space for small business, entrepreneurs, and freelancers; and publicly accessible green space. Shaya Ackerman of Meridian Capital Group arranged the acquisition financing for this transaction.

About Madison Realty Capital

Madison Realty Capital is a New York City based real estate private equity firm focused on debt and equity investment strategies with regional offices in key markets including Los Angeles and Dallas. Founded in 2004, MRC has closed on approximately $14 billion of transactions in the multifamily, retail, office, industrial and hotel sectors nationwide. The firm manages investments in the United States on behalf of a global investor base. MRC is a fully integrated firm with over 60 employees across all real estate investment, development, and property management disciplines. Among other industry recognitions, MRC has been named to the Commercial Observer's prestigious "Power 100" list of New York City real estate players and is consistently cited as one of the industry's top construction lenders. To learn more, follow us on LinkedIn and visit www.madisonrealtycapital.com.

GLOBENEWSWIRE (Distribution ID 8230116)

New York, Feb. 11, 2021 (GLOBE NEWSWIRE) — Madison Realty Capital, a fully integrated real estate private equity firm focused on debt and equity investment strategies, today announced it originated more than $1.5 billion in financing, originations and performing and non–performing note purchases in 2020, ranging from $4.9 million to $173 million. The firm closed a total of 23 transactions in major U.S. metropolitan and suburban markets across a variety of real estate asset classes including, multifamily, mixed–use, medical office, office, industrial, condo, hotel, and retail. More than 70% of the total dollar volume was executed with repeat borrowers, reflecting the firm's strong relationships and flexible, customer–centric investment approach. With $5.6 billion of gross assets under management, Madison Realty Capital also continued to expand its platform by launching a new income–oriented $1 billion debt investment vehicle, targeting lighter value–add and core–plus real estate transactions with rates of 4% to 7%.

"Madison Realty Capital delivered a very active 2020, executing over $1.5 billion worth of transactions for our institutional clientele, maintaining low levels of leverage, and expanding our world–class lending platform amid a highly challenging operating environment due to COVID–19," said Josh Zegen, Managing Principal and Co–Founder of Madison Realty Capital. "For more than 16 years, Madison Realty Capital has distinguished itself by providing certainty of execution, strong underwriting capabilities, as well as flexible, efficient and creative financing solutions across market cycles. In 2020, we continued to advance our position as the partner of choice for leading institutional sponsors and top–tier independent developers and I am excited to build on our strong momentum in 2021."

The firm pursues debt investments by originating senior secured loans and mezzanine loans ranging from $5–$500 million and preferred equity investments for the construction, acquisition and refinancing of commercial real estate.

Madison Realty Capital remained an active lender throughout 2020, amidst the COVID–19 pandemic. Notable transactions for the firm include: a $173 million construction loan to MAG Partners for a 479–unit residential rental building in the Chelsea neighborhood of Manhattan, a $170 million acquisition of a portfolio of performing and non–performing loans backed by multifamily properties in New York, New Jersey, and Los Angeles, a $165 million loan to Scape North America for the development of a 451–unit multifamily project in Boston's Fenway neighborhood, a $150 million renovation loan to WS Communities for six multifamily redevelopments and a bridge loan for a mixed–use development site in Santa Monica and San Fernando Valley, a $102 million construction loan to Invesca Development Group to finish a 98% complete multifamily project in Pompano Beach, Florida and begin construction for a mixed–use property in Plantation, Florida, a $50 million bridge loan to refinance the Pompano Beach 214–unit luxury rental apartment, retiring its initial construction loan in November, and an $18 million loan to Houston–based medical office development firms for a six–story Class A medical office building located in The Heights neighborhood of Houston, Texas.

Madison Realty Capital brings its comprehensive experience as an owner and developer to its lending business and uses its expertise as a lender to enhance its ownership and development strategies, creating a symbiotic relationship across the business. The firm is a valued partner to both institutional sponsors and leading independent developers, known for speed, flexibility, and certainty of execution in complex situations.

About Madison Realty Capital

Madison Realty Capital is a New York City based real estate private equity firm focused on debt and equity investment strategies with regional offices in key markets including Los Angeles and Dallas. Founded in 2004, MRC has closed on approximately $13 billion of transactions in the multifamily, retail, office, industrial and hotel sectors nationwide. The firm manages investments in the United States on behalf of a global investor base. MRC is a fully integrated firm with over 60 employees across all real estate investment, development, and property management disciplines. Among other industry recognitions, MRC has been named to the Commercial Observer's prestigious "Power 100" list of New York City real estate players and is consistently cited as one of the industry's top construction lenders. To learn more, follow us on LinkedIn and visit www.madisonrealtycapital.com.

GLOBENEWSWIRE (Distribution ID 8151743)

NEW YORK, Jan. 19, 2021 (GLOBE NEWSWIRE) — Madison Realty Capital, a New York City based real estate private equity firm focused on debt and equity investment strategies, today announced it has provided $53 million in construction financing to Heritage Equity Partners, led by Toby Moskovits and Michael Lichtenstein, for a 150–unit ground–up multifamily development located at 875 4^th Avenue between 32^nd and 33^rd Streets, in "South Park Slope," also known as the Sunset Park neighborhood of Brooklyn, NY.

The construction loan features a LIBOR–based floating rate and was arranged by Meridian Capital Group and its Director Elliot Kunstlinger, who has a working relationship with both Heritage Equity Partners and Madison Realty Capital. The project is expected to be completed by the second quarter of 2022. Heritage Development, a vertically integrated development and management firm with a focus on residential, commercial, and hospitality projects, is serving as general contractor for the project.

Located in an area certified as a "Qualified Opportunity Zone" under the Tax Cuts and Jobs Act of 2017, the property will span approximately 140,000 square feet and include a total of 150 studio, one–bedroom and two–bedroom units. Residents will enjoy access to numerous top–tier amenities including a gym and yoga studio, children's playroom, shared workspace, function room, shared outdoor space, rooftop grill and sun deck, as well as in–unit washers and dryers. Further, the building boasts waterfront views and is the only Class A residential building within walking distance to the bustling creative hub at Industry City, as well as numerous transportation options including the D, N and R subway lines. Over the past five years, Industry City has experienced an influx of tech and creative jobs which has led to a vibrant revitalization of the area including numerous mixed–use, residential and retail development and office redevelopment projects.

"Sunset Park is a growing, creative neighborhood, yet suffers from an undersupply of attractive housing options," said Josh Zegen, Managing Principal and Co–Founder of Madison Realty Capital. "We are pleased to build upon our relationship with Heritage Equity Partners to provide a flexible solution and execute this $53 million loan that will bring vital new housing options to this vibrant and growing neighborhood."

"This area has seen major changes in the last few years, and there is not enough housing supply for all the new jobs created in this area," said Toby Moskovits, CEO of Heritage Equity Partners. "While there has been a large increase in companies moving into this area, there have not been enough residences built to accommodate the growth in population. There is a need for more housing in this area, for more rental apartments, and especially a need for new construction luxury units in this area. Our project will be providing both, as we are providing both affordable and luxury units in the two buildings that we will be constructing on this site. It is difficult to find sites in this area that allow for multi family development, and we are happy to be part of the solution for the housing shortage in this area."

Michael Lichtenstein, President of Heritage Equity Partners pointed out that this area is where the so–called South Park Slope area meets Industry city, "and so the confluence of neighborhoods of Sunset Park, Industry City and South Park Slope, makes this location very attractive for a mixed–use project, providing housing to all income levels that are attracted to this neighborhood."

"We have always focused on pioneering projects in new and growing neighborhoods, and are delighted to move ahead with this project, which brings to the fore our team's strengths in development, construction, and brings our vision to fruition, creating a beautiful building that will cater to all residents of these neighborhoods. While the pandemic has delayed all development projects in NYC, we are happy that we can move ahead with this project immediately thanks to our long running relationship with Madison Realty Capital," added Lichtenstein.

About Madison Realty Capital

Madison Realty Capital (MRC) is a New York City based real estate private equity firm focused on debt and equity investment strategies with regional offices in key markets including Los Angeles and Dallas. Founded in 2004, MRC has closed on approximately $13 billion of transactions in the multifamily, retail, office, industrial and hotel sectors. The firm manages investments in the United States on behalf of a global investor base. MRC is a fully integrated firm with over 60 employees across all real estate investment, development, and property management disciplines. Among other industry recognitions, MRC has been named to the Commercial Observer's prestigious "Power 100" list of New York City real estate players and is consistently cited as one of the industry's top construction lenders.

About Heritage Equity Partners

Heritage Equity Partners was founded by Toby Moskovits and Michael Lichtenstein in 2008, and has been at the forefront of innovative and community building projects. Heritage Equity Partners developed many well–known projects, such as the Spire Lofts, the Williamsburg Hotel, 25 Kent, and its principals have been amongst the first developers in Williamsburg, Long Island City, and are now developing in Mott Haven and South Bronx.

About Meridian Capital Group

Founded in 1991, Meridian Capital Group is America's most active dealmaker and one of the nation's leading commercial real estate finance, investment sales and retail leasing advisors. In 2019, Meridian closed over $40 billion in financing across more than 250 unique lenders. Meridian represents many of the world's leading real estate investors and developers and the company's expansive platform has specialized practices for a broad array of property types including office, retail, multifamily, hotel, mixed–use, industrial, and healthcare and senior housing properties. Meridian is headquartered in New York City with offices in New Jersey, Maryland, Illinois, Ohio, Florida, and California.

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• 875–4th–Avenue–Rendering–1

GLOBENEWSWIRE (Distribution ID 8137972)