Madison Capital Markets has successfully closed its Delaware Statutory Trust (DST) investment offering for Madison Ridge, a newly constructed, 240-unit luxury apartment community from sister company, Madison Communities, located in the fast-growing Charlotte, North Carolina, metropolitan area.
The fund, Madison Ridge DST, is now fully subscribed. The offering attracted strong interest from accredited investors seeking to defer capital gains taxes through a 1031 exchange while targeting monthly cash flow, long-term appreciation and ownership in institutional-quality real estate.
“This successful closing reflects investor confidence in both the asset and the long-term fundamentals of the Indian Land submarket,” said Ryan Hanks, CEO of Madison Capital Group Holdings. “Madison Ridge represents the type of high-quality, professionally managed community we aim to deliver in strong-growth corridors across the Southeast.”
Madison Ridge features a market-leading amenity package, including a saltwater pool with a tanning deck, a state-of-the-art fitness center, an outdoor gourmet grilling pavilion, a community lounge with Wi-Fi and workstations, and walking paths. Apartment homes include granite countertops, stainless steel appliances, large walk-in closets and private balconies or patios.
The site offers direct access to RedStone, a major retail and dining destination anchored by a 14-screen movie theater, and is 10 minutes from Ballantyne, one of Charlotte’s most affluent submarkets and employment centers. Nearby retailers include Publix, Walmart, Lowe’s, Swig Drinks, and coming soon – Costco all located along the U.S. 521 corridor.
Indian Land has earned national attention as a residential area, recently recognized by Forbes magazine as a “boom town.” It is home to several corporate headquarters, including Red Ventures, Continental Tire North America and Movement Mortgage. A combination of high-performing schools, low taxes, and abundant recreational opportunities continues to drive strong population and multifamily demand.
With limited entitled land, infrastructure constraints, and rising per-unit land costs, Indian Land presents high barriers to new development, further enhancing the long-term value proposition for stabilized assets like Madison Ridge.
The closed DST offering marks another successful transaction for Madison Capital Markets, a vertically integrated real estate investment and development firm with a portfolio spanning multifamily, self-storage and RV storage assets.
