Madison purchases interests in indirect or illiquid ownership structures such as:

• Limited partnership
• Limited liability company
• Private REITs
• Other joint venture and co-investment interests

Madison purchases these interests from investors seeking liquidity before the natural sale of the underlying real estate. Although these partial interests are illiquid and difficult to sell, Madison provides a platform from which investors can readily divest their interests, despite the lack of a formalized secondary market.

Joint Venture and Preferred Equity

• Asset sale delays
• Change in investment objectives
• An unforeseen financial need requiring an immediate exit

Because Madison acts as a passive financial investor, we can replace current joint venture partners with fresh equity capital while allowing the remaining owners to maintain full management control of the asset or portfolio. Additionally, Madison is well capitalized and able to close transactions quickly and in confidence.