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ABOUT MADISON CAPITAL
Madison Capital is an established real estate investment and operating company based in New York City. Madison performs all aspects of due diligence, underwriting, acquisition, financing, and asset, property and construction management to conservatively maximize value and minimize risk for its portfolio. Madison’s strategy is based upon taking advantage of market and property inefficiencies in order to capture untapped value through property repositioning, releasing, re-development, rehabilitation, proactive management and creative problem solving.
Madison’s Core Plus Platform is focused on acquiring prime urban retail and mixed-use assets in New York City and other major urban markets. Madison’s proven and unique investment strategy is to acquire income producing or under-performing retail and mixed-use assets in exceptional locations that provide medium to long term capital appreciation. Due to its inherent supply and demand characteristics, this asset class offers superior risk adjusted returns.
Madison’s Special Situations Platform invests in both senior and subordinate debt and equity positions, often in connection with distressed assets and restructuring opportunities. Madison targets investments that can be acquired at attractive valuations, often as a result of structural complexities or distress, while also emphasizing capital preservation and downside protection.
URBAN RETAIL & MIXED USE PLATFORM
Madison is focused on acquiring prime retail and mixed-use assets in New York City and other major urban markets in exceptional locations with superior risk adjusted returns and stable fundamentals. Primary urban retail markets have distinct attributes including exceptional demand and limited supply, providing downside protection and upside with significant medium to long term capital appreciation in comparison to other asset classes. Our goal is to provide an enhanced cash flow yield with long term capital appreciation and achieve conservatively leveraged returns by investing in under-served submarkets and under-performing assets.
Our strategic focus is on acquiring and owning assets in vibrant urban locations with significant barriers to entry. New York City’s dense and diverse urban demographics including highly educated and above national average income levels, commuters and tourists attract a broad base of international, national and local tenants. This leads to enhanced and stable cash flow yield, medium to long term capital appreciation and greater opportunity for capital markets liquidity.
Urban Retail Portfolio
754 Fifth Avenue, Bergdorf Goodman Building, New York, NY
Manhattan House Retail, Parking and Office Condominium, New York, NY
1657 Broadway, Retail and Office Leasehold, New York, NY
1880 Broadway, Retail Condominium, New York, NY
2260 Broadway, Retail Condominium, New York, NY
2400 Broadway Retail Condominium, New York, NY
250 East 65th Street, Retail Condominium, New York, NY
60 Warren Street Retail Condominium, New York, NY
Mixed-Use Portfolio
444 Broadway, Retail and Office Leasehold, New York, NY
10-12 Crosby Street, Retail and Office Leasehold, New York, NY
380-386 Broome Street, New York, NY
55 & 61 Delancey Street, New York, NY
9 Christopher Street, New York, NY
434 East 83rd Street, New York, NY
Realized Transactions
525 West 22nd Street, New York, NY
50 Warren Street, New York, NY
475, 477, 480, and 482 West Broadway, New York, NY
343-349 West 42nd Street, New York, NY
2307 Mountain Street (corner De Maisoneuve), Montreal, Canada
SPECIAL SITUATIONS PLATFORM
Quote Box: Madison is capitalizing on the changing real estate landscape and capital markets disruption to create opportunities for significant long-term upside.
Madison’s Special Situations Platform sources, acquires and finances both senior and subordinate debt and equity positions, often in connection with distressed assets and or restructuring opportunities. Madison targets investments that can be acquired at attractive valuations, while also emphasizing capital preservation and downside protection. Madison focuses on control-oriented, cash flowing investments where significant value can be unlocked and created through identifying, analyzing and executing complex transactions, which are often overlooked or undervalued by less experienced investors. We take a flexible approach to sourcing and structuring investments, and maintain an objective perspective as to the operation of an asset throughout its lifecycle. Madison’s willingness to tackle complicated situations results in unique value buying opportunities for the firm and its partners.
Current Investments
The Mave Hotel, 62 Madison Avenue, New York, NY
11 Broadway, Brooklyn, NY
615 East 104th Street, Brooklyn, NY
Kamique Property Development, Anguilla, British West Indies
Realized Transactions
25 Central Park West, New York, NY
15 Corporate Place South, Piscataway, NJ
710 Route 46, Fairfield, NJ
695 Route 46, Fairfield, NJ
704 Broadway, New York, NY
36 West 106th Street, New York, NY
17 Battery Place, New York, NY
455 Central Park West, New York, NY
68-76 Thayer Street and 75-85 Ellwood Street, New York, NY
Hudson Valley Business Center, Kingston, NY
Three Enterprise Drive, Newburgh, NY
2200-2465 46th Avenue, Montreal, Canada
11900 Biscayne Boulevard, Miami, FL
PEOPLE
The diverse institutional and entrepreneurial backgrounds and experience of Madison’s team permit Madison to source and execute unique and complex transactions in all asset classes in the real estate market. Madison has the ability to utilize its vast network to perform thorough research, underwriting and due diligence in a timely manner in order to achieve the goal of efficiently and professionally executing profitable business plans.
Executive Management
Philippe Weissberg (Managing Partner)
Richard Wagman (Managing Partner)
J. Joseph Jacobson (Partner)
Team
Acquisitions:
David Steinberg (Managing Director Acquisitions)
Chris Bellapianta (Director Acquisitions)
Michael Ridloff (Senior Associate Acquisitions)
Asset Management:
Dyana Conroy (Managing Director Asset Management)
Jill Grabel (Director Asset Management)
Jared Minatelli (Asset Manager)
David Greenberg (Accounting Manager)
Keith Holden (Portfolio Property Manager)
Laurent Wendum (Analyst Asset Management)
Carlin Longley (Office Manager)