News January 24, 2025

Madison Realty Capital Lends $58M to Buy South Florida Apartments

Commercial Observer reported that Madison Realty Capital has provided $58 million in acquisition financing to Related Group and 13th Floor Investments for their purchase of Arium Lincoln Pointe in Aventura, Florida. The 285-unit garden-style apartment complex, built in 1991, is located 17 miles north of Downtown Miami at 17900 NE 31st Court. "This 30-day closing demonstrates our ability to serve as a lender of choice for repeat borrowers," said Josh Zegen, managing principal and co-founder of Madison Realty Capital. The property features 165 one-bedroom and 120 two-bedroom units, along with amenities including a pool, waterfront sundeck, game room, and fitness center.

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