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150 150 Madison Capital Group

Madison Communities Acquires Mixed Use Site in Suburban Raleigh

Madison Communities, an affiliate of Madison Capital Group, has recently acquired a 46-acre apartment and commercial site in Apex, NC a growing suburban of Raleigh. Located off 540 and 55, the community will be called Madison Apex and construction will begin later this year. The project will also feature a commercial component next to the new apartments.

Madison has a long history in the Raleigh – Durham apartment market, having acquired and developed several communities over the years throughout the Triangle.

“We has been very active over the last several months across the Southeast region, recently acquiring sites in Orlando and Charlotte”. In 2021 Madison Communities will start projects in several other growing Sunbelt markets such as Charlotte, Raleigh, Charleston, Nashville, Tampa, Orlando, Jacksonville, and Austin.

Madison Communities is based in Charlotte, NC and focuses on the development and management of suburban garden apartment projects throughout the Sunbelt and has offices in Charlotte, Nashville, and Charleston.

150 150 Madison Capital Group

Go Store It and Cerberus Joint Venture Expands Portfolio of Self-Storage Assets

CHARLOTTE, N.C. – January [27], 2021 – Go Store It, a premier self-storage operator in the U.S., today announced that its joint venture with an affiliate of Cerberus Capital Management, L.P. (“Cerberus”) has closed on twelve storage assets totaling 6,000 units and over 850,000 rentable square feet.

In July 2020, Go Store It and Cerberus established a joint venture focused on building a diversified portfolio of premier self-storage facilities across the United States. To date, the joint venture has acquired in the Florida, Virginia, North Carolina, South Carolina, and Texas markets will continue to add Class A self-storage assets in key markets across the United States.

Go Store It is an industry-leader in the U.S. self-storage market, and since its inception in 2013, has acquired or developed over 3.3 million square feet of space. Cerberus has a long track record investing across real estate asset classes, property types, and geographies, and has deployed approximately $29 billion of equity in more than 575 transactions around the world.

“This joint venture is a unique opportunity to combine our market knowledge with Cerberus’ global expertise to develop a best-in-class, national portfolio of assets,” said Ryan Hanks, Founder and CEO of Go Store It. “Our recent acquisitions give us immediate scale in several of our target markets and we are excited to continue to expand our presence in both existing and new markets.”

Tom Wagner, Head of North American Real Estate at Cerberus, commented, “We see strong trends in the self-storage space and look forward to continuing our partnership with Go Store It to build a premier portfolio of self-storage properties across the United States.”

About Go Store It
Based in Charlotte, NC, Go Store It is a real estate investment company focused on the development, acquisition, and management of self-storage assets throughout the United States. Currently, Go Store It owns over 3.3m square feet of self-storage, comprising over 30,000 units. Go Store It is an affiliate of Madison Capital Group, LLC which has offices in Charlotte, Charleston, and Nashville.

bout Cerberus
Founded in 1992, Cerberus is a global leader in alternative investing with over $48 billion in assets across complementary credit, private equity, and real estate strategies. We invest across the capital structure where our integrated investment platforms and proprietary operating capabilities create an edge to improve performance and drive long-term value. Our tenured teams have experience working collaboratively across asset classes, sectors, and geographies to seek strong risk-adjusted returns for our investors. For more information about our people and platforms, visit us at cerberus.com.

Contacts:

Go Store It
investors@madisoncapgroup.com

Cerberus
Torrey Leroy
(646) 885-3029
media@cerberus.com

150 150 Madison Capital Group

Madison Communities Acquires Apartment Site in Suburban Atlanta

Madison Communities, an affiliate of Madison Capital Group, has recently acquired a 23- acre apartment site in Gwinnett County in the Lawrenceville submarket. Located off of Scenic Highway, the community will be called Madison Trails and construction will begin this summer.

Madison Trails will consist of approximately 266 units. The property is adjacent the Gwinnet Family YMCA and close to several employment centers. The Community will feature class A amenities and a state-of-the-art clubhouse featuring a coffee bar, business center, fitness center, and several outdoor amenities around the resort style pool.

Madison has been very active over the last several months across the Southeast region, recently acquiring sites in Orlando and Charlotte. In 2021 Madison Communities will start projects in several other growing Sunbelt markets such as Charlotte, Raleigh, Charleston, Nashville, Tampa, Orlando, Jacksonville, and Austin.

Madison Communities is based in Charlotte, NC and focuses on the development and management of suburban garden apartment projects throughout the Sunbelt and has offices in Charlotte, Nashville, and Charleston.

150 150 Madison Capital Group

Go Store It Finishes the Year with Nine Storage Acquisitions in the Month of December

Go Store It had a busy December, closing on nine storage assets in the span of two weeks. The assets were located in: Wilmington, NC; Charleston, SC; Asheville, NC; Ft Myers, FL; Dallas, TX; and Houston, TX. The assets will all be re-branded to Go Store It.

In total the acquisitions make up over 6,000 units and over 850,000 rentable square feet. Total dollar amount of the acquisitions is over $85,000,000. Go Store It is actively looking for more storage opportunities throughout the country.

“These acquisitions presented a unique opportunity for Go Store It and gives us more scale in our target markets. We already have an existing presence in several of these markets and we were able to enter the Dallas market. We look forward to continuing to grow in each of these MSAs in 2021, said Ryan Hanks, Founder and CEO of Go Store It.

The properties were acquired as part of a Joint Venture with Cerberus Capital Management. These assets mark the Joint Venture’s 11th acquisition together and is under agreement to acquire several other assets in the near future.

Based in Charlotte, NC, Go Store It specializes in the acquisition, development and management of self-storage assets throughout the county. Go Store It currently has over 3,300,000 square feet of storage space under ownership and over 30,000 units. Go Store It is an affiliate of Madison Capital Group, LLC which has offices in Charlotte, Charleston, and Nashville.

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Madison Capital Group Acquires 275 Units in Downtown Charleston, South Carolina

Madison Capital Group, LLC is pleased to announce the acquisition of Foundry Point Apartments, a 275-unit multifamily community located in Downtown Charleston, SC.

Foundry Point is a premier mid-rise community located on the upper peninsula section of Downtown Charleston. Foundry is located blocks away from several restaurants and breweries and a short distance to Historic Downtown Charleston.

“Foundry Point is an asset that we plan to hold long-term as we believe in the long-term growth of Charleston, particularly on the Peninsula. The nearby corridor is continuing to transform, and we are excited to see how the area looks in 10 – 15 years,” said Ryan Hanks Founder of MCG.

Madison Capital Group has been very active over the last 10 years in the Charleston region and has a large office in Downtown Charleston. Madison has been involved in the acquisition and development of 13 other communities in the Charleston MSA since 2009 and has two more communities planned in Downtown and West Ashley.

Madison Capital Group, LLC is multifamily investment firm based in Charlotte, NC and focuses on the development and acquisitions of Class A multi-family projects throughout the Southeast.

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Madison Capital Group breaks ground on Charlotte Community

Madison Capital Group, LLC has begun construction of Madison Farms, a luxury apartment community located off of Highway 29 just North of I-485. Residents are expected to move in by 2022.

Madison Farms will consist of 240 apartments and townhomes average 900 square feet. Residents will have easy access to I-485, Concord Mills, and several retail services. The community amenities include a resort-style pool, fitness center, dog park, and a walking path.

Madison Capital Group has been very active over the last 12 months in the Charlotte region. Madison has three other communities under construction in Charlotte and has two more communities planned in Indian Land, SC, and one in West Charlotte. Outside of Charlotte Madison has communities under construction on Asheville, NC and Charleston, SC.

Madison Capital Group, LLC is based in Charlotte, NC and focuses on the development of suburban garden mutlifamily projects throughout the Southeast with a focus on Nashville, Charlotte, Raleigh, and Central Florida.

150 150 Madison Capital Group

Go Store It Acquires The Vault storage in Charlotte, NC

Go Store It has recently acquired The Vault self-storage located in Rock Hill, SC a growing suburb of Charlotte. This will be Go Store It’s fifth location in the Charlotte MSA. The asset will be re-branded to Go Store It.

The Vault features 520 units and 70,000 net rentable square feet. It also features an ample amount of parking for cars, boats, and RVs. There is also a planned expansion for the facility.

“This acquisition presents a unique opportunity for Go Store It and gives us more scale in a target market. There is a big demand for quality storage and the market has high barriers to entry. We look forward to owning the facility and getting started on the expansion,” said Ryan Hanks, CEO of Go Store It.

The property was acquired as part of a Joint Venture with Cerberus Capital Management. This is the Joint Venture’s second acquisition together and is under agreement to acquire several other assets in the near future.

Based in Charlotte, NC, Go Store It specializes in the acquisition, development and management of self-storage assets throughout the county. Go Store It currently has over 2,500,000 square feet of storage space under ownership and over 25,000 units. Go Store It is an affiliate of Madison Capital Group, LLC which has offices in Charlotte, Charleston, and Nashville.

150 150 Madison Capital Group

Madison Capital Group acquires land in Kissimmee, FL for 320 Apartment units

Madison Capital Group, LLC has purchased approximately 10 acres along 192 adjacent to Disney’s Animal Kingdom Lodge. In front of the apartment site will be retail and restaurants.

The Charlotte-based multifamily company will develop a 320-unit apartment complex called Madison Waterstar. The project will feature four-story buildings and clubhouse. Amenities will include a two-story clubhouse, fitness facility, swimming pool, and clubroom.

Construction on the project is expected to commence in the beginning of 2021. Summit is acting as the general contractor.

This is the first development in the Orlando area for MCG. The company currently has similar projects under construction in the Carolinas, Virginia, and Tennessee. Madison currently has six deals in the pipeline in other parts of Florida, Nashville, Atlanta, and Raleigh.

Madison Capital Group, LLC is based in Charlotte, NC and focuses on the development of suburban garden mutli family projects throughout the Southeast with a focus on Nashville, Charlotte, Raleigh, and Central Florida.

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