Madison Capital Nabs $75M for Multifamily and Self-Storage Growth

Vertically integrated real estate firm Madison Capital Group has nabbed a $75 million growth capital investment from private equity firm FrontRange Capital Partners. 

Denver-based FrontRange focuses on investments in real estate and high-growth real estate businesses and said in a statement that its partnership will help Madison execute its strategic plan and accelerate growth. The firm currently owns, operates, acquires and develops suburban multifamily properties and self storage facilities in 13 states and is actively expanding across the Sunbelt, a market that’s seen unprecedented gains during the pandemic. 

FrontRange Capital Partners shares Madison Capital’s “view that multifamily and self storage properties in their target markets are likely to exhibit very attractive demand and growth dynamics for the foreseeable future,” says CEO David Robertson. 

Madison Capital Group has more than 2,000 apartment units under development or in planning and owns more than 60 self storage assets under the Go Store It banner. 

“We are thrilled with the new partnership and the capital it provides our various investment strategies,” Ryan Hanks, Madison’s CEO, said in a statement. “In multifamily, we see tremendous need for quality suburban housing throughout the Carolinas, Georgia, Florida, and Texas. In self storage, our Go Store It platform continues to expand nationally through both development and acquisitions. We were able to play offense during the pandemic and we are continuing to see interesting opportunities in our target markets.”