Fueled by a stable network of construction lenders and the financial strength of its parent company, Madison Communities closed eight construction loans in 2024, started leasing four communities, and has a total of 14 projects under construction in high-barrier-to-entry markets across the Southeastern United States.
Despite challenges in the broader real estate market, this leading multifamily developer has remained active. Strategic investments and capital-raising initiatives have allowed the company to capitalize on opportunities with support from its holding company Madison Capital Group Holdings.
“2024 has been an incredibly productive year for us, and we’re optimistic about what lies ahead,” said McCarley Davis, president of Madison Communities. “Our ability to stay active while others have paused development speaks to the strong foundation we’ve built with our partners and investors. We’re confident that our pipeline and market positioning will allow us to meet the demand for new housing when the supply gap emerges in late 2025 and early 2026.”
Madison Communities has also benefited from its approach as a self-performing general contractor, completing 80% of its 2024 developments in-house. This gives the company a significant advantage in managing construction timelines, maintaining cost certainty, and ensuring a high-quality product. Additionally, Madison Communities has been an opportunistic land buyer, acquiring sites throughout the Southeast that will be ready for construction this year.
As the multifamily real estate market evolves, Madison Communities is poised to capitalize on a reemergence of institutional equity. The company plans to leverage its existing retail and high-net-worth investor network to bring additional developments to market in the coming years.
“Looking toward 2025, we’re preparing to accelerate our growth with a pipeline of shovel-ready sites, including garden-style apartments and build-to-rent townhomes,” said Davis. “As we take advantage of favorable market conditions and new capital sources, we’re confident in our ability to continue delivering strong, sustainable growth.”
Madison Communities is focused on executing its development strategy, positioning itself for continued success as it delivers new, high-quality multifamily communities across the Southeastern United States.
Past performance does not guarantee future results.
Madison Capital Group is a vertically integrated real estate investment and development firm with a primary focus on the multifamily, self-storage, and boat and RV storage sectors. The firm was founded in 2009 by Ryan Hanks with the purpose of creating an opportunistic real estate venture that would seek opportunistic returns in the Mid-Atlantic and Southeastern United States through the development of ground-up assets and the acquisition of existing assets. The firm is headquartered in Charlotte, N.C., with offices strategically placed throughout the United States. To learn more, visit www.madisoncapgroup.com.
Madison Capital Group is a sponsor of AltsWire, and the article was published as part of their standard directory sponsorship package.
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