PERE Credit highlighted Madison Realty Capital's strategic evolution in the commercial real estate private credit market, featuring insights from co-founder Josh Zegen. Zegen discussed Madison's 21-year journey from providing loans banks wouldn't do to offering a comprehensive platform spanning transitional lending, construction, mezzanine debt, and preferred equity. He emphasized how the firm has evolved beyond a "one-product-fits-all approach" to serve both direct borrowers and other lenders, positioning Madison to generate alpha as the sector has grown into an institutional asset class raising $17.4 billion in the first nine months of 2025.

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