New York Skyline.
NEW YORK CITY – Madison Realty Capital, a New York City-based real estate private equity firm, has announced it closed over $2.2 billion in financing and note purchases in 2019 nationwide. The transactions, ranging between $7.8 million and $345 million, are a marker of success for the firm that plans to further expand its business nationally in 2020.
The transactions touched all major asset classes and span deals across New York, New Jersey, Texas, Florida, California, Washington and Massachusetts. This marks MRC's second consecutive $2 billion-plus year.
The firm's emphasis on relationship development and network of repeat borrowers bolstered its execution of the national transactions—which accounted for more than half of total dollar volume—and several transactions with prominent sponsors including Four Seasons, Mandarin Oriental and Raffles.
The firm's debt investment platform focuses on originating senior-secured loans, mezzanine loans and preferred equity investments in the middle-market, as well as performing note purchases and acquiring non-performing loans.
"The deals closed with names such as Four Seasons, Mandarin Oriental and Raffles in 2019 show that we are having a growing influence across the globe thanks to our unparalleled expertise and execution, which we've fine-tuned over the course of 15-plus years in business," said Josh Zegen, co-founder and managing principal of MRC, in a prepared statement. "We look forward to continuing our national expansion in 2020 and another decade of success."
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Mariah Brown
Mariah Brown is the New York Bureau Chief and Real Estate Reporter for GlobeSt.com, covering the New York Metro area, Northeast region and national real estate trends. She is responsible for producing multi-media content, including articles, podcasts and video. Before joining the GlobeSt team, she served as a New York Times fellow, reported for the Associated Press in New York and Philadelphia and several other New York City-based outlets.
