NEW YORK, Oct. 14, 2022 (GLOBE NEWSWIRE) — Madison Realty Capital, a vertically integrated real estate private equity firm focused on debt and equity investment strategies, today announced that it has provided a $32 million loan to Vibrant Cities for a recently completed, eight–story mixed–use residential and retail property located in the Capitol Hill neighborhood of Seattle, Washington.

The 95–unit property, known as Pivot Apartments, received TCO in May, and is 69% leased to date. Additionally, Pivot contains 4,900 square feet of ground floor retail space that is fully leased to Wasabi Sushi, La Cocina Oaxaquea, and Social Tea. Thirty of the property's residential units are fully leased for use as short–term rentals to Sonder USA Inc., a boutique hospitality company and short–term rental manager. Located at 1208 Pine Street, Pivot is ideally situated for professionals directly off Interstate 5, within minutes of multiple public transit options, and borders Seattle's Central Business District, home to Fortune 500 companies and popular Seattle tourist destination, Pike Place Market. The Property participates in Seattle's Multifamily Tax Exemption Program by designating 20% of the residential units as affordable.

Josh Zegen, Managing Principal and Co–Founder of Madison Realty Capital, said, "Pivot offers centrally located, flexible short– and long–term living options for Seattle's robust employment market. We are pleased to further expand our presence in the Pacific Northwest by delivering a customized financing solution to Vibrant Cities, an experienced developer in Seattle with an extensive history of delivering high–quality multifamily properties."

Ming Fung, Co–Founder and President of Vibrant Cities, added, "Madison Realty Capital's team deeply understood our vision for Pivot Apartments and its place within Seattle's most dense and hippest neighborhood located within walking distance to the core of downtown Seattle. Their reputation for professionalism and certainty of execution made them the best choice to complete this exciting new development in Seattle's Capitol Hill."

Pivot contains a unit mix of studio, one–, and two–bedroom residences with modern interiors, high–efficiency HVAC systems, LED light fixtures, and built–in closets, with some units offering private balconies and in–unit washer/dryers. Community amenities include an outdoor deck, parking garage, bike storage, on–site office, and fitness center for both long–term and short–term tenants.

About Madison Realty Capital

Madison Realty Capital is a vertically integrated real estate private equity firm that, as of August 31, 2022, manages approximately $9.5 billion in total assets on behalf of a global institutional investor base. Since 2004, Madison Realty Capital has completed approximately $21 billion in transactions providing borrowers with flexible and highly customized financing solutions, strong underwriting capabilities, and certainty of execution. Headquartered in New York City, with an office in Los Angeles, the firm has approximately 70 employees across all real estate investment, development, and property management disciplines. Madison Realty Capital has been named to Commercial Observer's prestigious "Power 100" list of New York City real estate players. To learn more, follow us on LinkedIn and visit www.madisonrealtycapital.com.

NEW YORK, Sept. 30, 2022 (GLOBE NEWSWIRE) — Madison Newbond, the institutional lending platform of Madison Realty Capital and Newbond Holdings that provides first mortgages, mezzanine loans and preferred equity to hotel owners and developers nationwide, today announced that it has provided a $20 million loan to FullG Capital's equity sponsorship group for the acquisition of the Balfour Hotel Miami Beach (the "Balfour"), an independent boutique hotel located at 350 Ocean Drive in Miami Beach, Florida.

Located within Miami's famed South Beach Art Deco District and situated less than one block from the beach, the Balfour contains 82 guestrooms across two towers, as well as an upscale restaurant and bar, an outdoor plunge pool, complimentary beach services, and approximately 1,300 square feet of rooftop terrace space. The hotel is managed by Driftwood Hospitality Management under a third–party hotel management agreement.

Josh Zegen, Managing Principal and Co–Founder of Madison Realty Capital, said, "Miami is no longer just a top destination for domestic and international leisure travel, but has rapidly become a growing hub for corporations and financial firms seeking to relocate their headquarters. We are pleased to provide a flexible financing solution to facilitate the acquisition of a superbly well–located hotel in one of the most liquid and dynamic hospitality markets in the country."

Drew Coles, President of FullG Capital said, "Madison Realty Capital is a highly experienced lender in the Miami hospitality market with a reputation for certainty of execution. We are thrilled to leverage Madison Newbond's attractive financing capabilities to complete the acquisition of the Balfour."

Neil Luthra, Founding Partner at Newbond, added, "Madison and Newbond's extensive operating experience enables us to efficiently underwrite hospitality lending opportunities and provide borrowers with a reliable financing partner in today's choppy credit environment. The Balfour perfectly exemplifies this, and we are excited to work with the FullG Capital team to bring their business plan to life."

Madison Realty Capital has significant experience investing in hotel and luxury condominium developments in Miami and across South Florida. Notable transactions include an $85 million loan to The Related Group, BH Group, Teddy Sagi's Globe Invest, and Wanxiang Group Corporation for the acquisition and pre–development of a luxury condominium project on Fisher Island in Miami Beach, a $76 million loan to The Related Group for the development of District 225, a 343–unit luxury condominium project in Miami, a $210 million loan to Fort Partners for the construction of the Four Seasons Hotel and Private Residences Fort Lauderdale, and a $105 million loan to Fort Partners for the acquisition and modernization of the Four Seasons Hotel Miami.

Madison Newbond launched in November 2021 with approximately $500 million of initial lending capacity and has plans to add scale in line with existing opportunities.

About Madison Realty Capital

Madison Realty Capital is a vertically integrated real estate private equity firm that, as of August 31, 2022, manages approximately $9.5 billion in total assets on behalf of a global institutional investor base. Since 2004, Madison Realty Capital has completed approximately $21 billion in transactions providing borrowers with flexible and highly customized financing solutions, strong underwriting capabilities, and certainty of execution. Headquartered in New York City, with an office in Los Angeles, the firm has approximately 70 employees across all real estate investment, development, and property management disciplines. Madison Realty Capital has been named to Commercial Observer's prestigious "Power 100" list of New York City real estate players. To learn more, follow us on LinkedIn and visit www.madisonrealtycapital.com.

About Newbond Holdings

Newbond Holdings, founded by Neil Luthra and Vann Avedisian in 2021, is a real estate investment and operating platform focused on debt and equity investments across multiple real estate product types with a hospitality focus as well as investments in related operating businesses and technology platforms. The partners at Newbond have completed over $15 billion of debt and equity transactions. As a vertically integrated operating and investment platform, Newbond is uniquely positioned to create significant value beyond the typical investment process through creative structuring, operations and the development of single and multiple asset brands.

NEW YORK, Sept. 19, 2022 (GLOBE NEWSWIRE) — Madison Realty Capital, a vertically integrated real estate private equity firm focused on debt and equity investment strategies, today announced that it has provided a $315.6 million loan to Carpenter & Company, Inc. and Woodward Interests, LLC for the completion of the renovation at the Four Seasons Hotel and Residences New Orleans located at 2 Canal Street in New Orleans, Louisiana.

Josh Zegen, Managing Principal and Co–Founder of Madison Realty Capital, said, "The Four Seasons New Orleans is well positioned along the Mississippi River, between the French Quarter and Central Business Districts, to capitalize on the demand from New Orleans' robust tourism market and expanding business district. We are pleased to leverage our familiarity with the Four Seasons brand to deliver a timely and customized financing solution to an experienced borrower group for a well–recognized New Orleans landmark with exciting cultural attractions."

The 341–key Four Seasons hotel opened in July 2021 and is part of a mixed–use tower that includes 92 residential condominiums on the top floors. Operated by the Four Seasons, the residences have a private entrance from the hotel and offer one– to three–bedroom units and four–bedroom penthouses. To date, the property has sold 50% of the condominiums.

The 33–story hotel and residence offers event space and amenities including two restaurants, a lobby and bar, full–service spa, fitness center, outdoor pool, and private gardens. The highly awarded hotel was named a "Best Hotel in New Orleans" and one of the "Best New Hotels in the World" by Travel + Leisure; a "Best of the Best" New Hotels in the World by Robb Report; and a "Best New Hotel in the Country" by USA TODAY 10Best. Additionally, the building is home to Vue Orleans, a unique indoor and outdoor observatory with panoramic views of the city and historic and cultural exhibits.

Richard Friedman, President and Chief Executive Officer of Carpenter & Company Inc., said, "Madison Realty Capital has significant expertise investing in Four Seasons projects and we are pleased with their team's ability to work quickly and provide certainty of execution. We look forward to moving to the next stage of this exciting project as we raise the hotel quality bar in New Orleans with the customized and flexible financing Madison delivered."

Madison Realty Capital has significant experience investing in Four Seasons Hotels. Notable transactions include a $210 million loan to Fort Partners for the construction of the Four Seasons Hotel and Private Residences Fort Lauderdale and $105 million loan to Fort Partners for the acquisition and modernization of the Four Seasons Hotel Miami.

Riaz Cassum and Henry Schaffer from JLL Capital Markets arranged the financing.

About Madison Realty Capital

Madison Realty Capital is a vertically integrated real estate private equity firm that, as of August 31, 2022, manages approximately $9.5 billion in total assets on behalf of a global institutional investor base. Since 2004, Madison Realty Capital has completed approximately $21 billion in transactions providing borrowers with flexible and highly customized financing solutions, strong underwriting capabilities, and certainty of execution. Headquartered in New York City, with an office in Los Angeles, the firm has approximately 70 employees across all real estate investment, development, and property management disciplines. Madison Realty Capital has been frequently named to the Commercial Observer's prestigious "Power 100" list of New York City real estate players and is consistently cited as a top construction lender, among other industry recognitions. To learn more, follow us on LinkedIn and visit www.madisonrealtycapital.com.

NEW YORK, Sept. 15, 2022 (GLOBE NEWSWIRE) — Madison Realty Capital, a vertically integrated real estate private equity firm focused on debt and equity investment strategies, today announced that it has provided an $85 million loan to The Related Group ("Related"), BH Group, Teddy Sagi's Globe Invest, and Wanxiang Group Corporation for the acquisition and pre–development of a 6.51–acre land parcel with approved plans for the development of a luxury condominium project on Fisher Island in Miami Beach, Florida.

The parcel is located at 6 Fisher Island Drive at the last remaining condo development site on the 216–acre private island, which is accessible only by ferry, boat, or helicopter and offers significant privacy for its 800 residents. The condominiums will rise ten stories and consist of 51 units across a mix of three– to five–bedroom residences, three villas and two penthouses with premium finishes and appliances. The property will include 450 feet of private oceanfront and valet parking for 169 spaces as well as 7 private two–car garages and 93 golf cart spaces. Residents will have access to premier amenities as well as membership to the Fisher Island Club, which offers beaches, seaside golfing, tennis courts and restaurants.

Josh Zegen, Managing Principal and Co–Founder of Madison Realty Capital, said, "Fisher Island is one of the most exclusive residential locations in the country. Owing to the scarcity of land, limited supply of new residences, and significant development timeline, property values on Fisher Island have performed through market cycles. We are pleased to provide financing for the acquisition and predevelopment of such a rare development site and to complete our second transaction with Related and BH Group in such a short period of time."

The loan is Madison Realty Capital's second to Related and BH Group. In July, it provided the partners with a $76 million loan for the development of District 225, a 343–unit luxury condominium in Downtown Miami.

About Madison Realty Capital

Madison Realty Capital is a vertically integrated real estate private equity firm that, as of August 31, 2022, manages approximately $9.5 billion in total assets on behalf of a global institutional investor base. Since 2004, Madison Realty Capital has completed approximately $21 billion in transactions providing borrowers with flexible and highly customized financing solutions, strong underwriting capabilities, and certainty of execution. Headquartered in New York City, with an office in Los Angeles, the firm has approximately 70 employees across all real estate investment, development, and property management disciplines. Madison Realty Capital has been frequently named to the Commercial Observer's prestigious "Power 100" list of New York City real estate players and is consistently cited as a top construction lender, among other industry recognitions. To learn more, follow us on LinkedIn and visit www.madisonrealtycapital.com.

NEW YORK, June 01, 2022 (GLOBE NEWSWIRE) — Madison Realty Capital, a vertically integrated real estate private equity firm focused on debt and equity investment strategies, today announced that ICONIQ Investment Management ("ICONIQ") has made a strategic minority investment in the firm that will advance its long–term growth and success. Terms of the investment were not disclosed.

Madison Realty Capital will leverage ICONIQ's financial and strategic support to grow its global network of institutional relationships, expand upon its products and augment its team with top talent, while continuing to execute on its core competencies within private real estate debt and equity investing. Madison Realty Capital's investment process, management, and day–to–day operations will remain unchanged.

Josh Zegen and Brian Shatz, Managing Principals and Co–Founders of Madison Realty Capital, said "We are pleased to establish this strategic partnership, and further our existing relationship with ICONIQ. This investment is a testament to the trust that we foster with our partners and investors. ICONIQ's investing expertise and network are complementary to our own, and we look forward to expanding our footprint across the U.S., developing new relationships with top–tier borrowers, lenders, and developers, and accelerating the growth of our business to the benefit of our global, institutional investor base."

Sam Kurtzman, Portfolio Manager at ICONIQ, stated, "Madison Realty Capital has developed an accomplished institutional platform with nearly two decades of experience investing across market cycles. The firm is one of the most active private real estate lenders in the U.S. and we believe continues to differentiate itself as a lender of choice for borrowers seeking flexible financing solutions with certainty of execution."

Nugi Jakobishvili, Chief Investment Officer at ICONIQ, added, "The firm's principals "" Brian Shatz, Josh Zegen, and Adam Tantleff "" have cultivated a strong culture and highly experienced team, and we look forward to working together to expand an already successful relationship to further the growth of Madison Realty Capital's platform for years to come."

ICONIQ's investment follows a record year for Madison Realty Capital, which last year completed $6.4 billion in transaction volume across 72 deals and raised $2.08 billion for Madison Realty Capital Debt Fund V LP, the firm's largest debt fund to date.

About Madison Realty Capital

Madison Realty Capital is a vertically integrated real estate private equity firm that, as of March 31, 2022, manages approximately $8.5 billion in total assets on behalf of a global institutional investor base. Since 2004, Madison Realty Capital has completed approximately $20 billion in transactions providing borrowers with flexible and highly customized financing solutions, strong underwriting capabilities, and certainty of execution. Headquartered in New York City, with an office in Los Angeles, the firm has approximately 70 employees across all real estate investment, development, and property management disciplines. Madison Realty Capital has been frequently named to the Commercial Observer's prestigious "Power 100" list of New York City real estate players and is consistently cited as a top construction lender, among other industry recognitions. To learn more, follow us on LinkedIn and visit www.madisonrealtycapital.com.

GLOBENEWSWIRE (Distribution ID 8563336)

New York, Jan. 20, 2022 (GLOBE NEWSWIRE) — Madison Realty Capital, a vertically integrated real estate private equity firm focused on debt and equity investment strategies, today announced the completion of one of the most active years in the firm's 17–year history. 2021's notable highlights include:

• Closing a record $6.4 billion in total deal volume in 2021 across 72 transactions. The firm executed deals ranging from $10 million to $485 million in all major U.S. metropolitan markets. Throughout 2021, Madison originated and acquired loans across asset classes including multifamily, mixed use, retail, office, industrial, land and hotel and invested in transitional and special situation loans as well as provided financing for ground–up development and construction. In the last two months of 2021 alone, the firm closed 26 new deals representing nearly $2.7 billion.

• Raising $2.08 billion in equity commitments for Madison Realty Capital Debt Fund V LP ("Fund V"), exceeding the fund's $1.75 billion target. Fund V, the firm's largest debt fund ever, received significant support from existing investors as approximately 70% of the institutional LPs in Madison's prior fund re–upped into Fund V. Additionally, 52% of the capital committed for Fund V came from new limited partners, both domestically and abroad.

• Originating over $1 billion in loan–on–loan financing for twelve alternative lenders as part of its lender financing strategy. The firm provided financing solutions to alternative real estate lenders for projects in California, Florida, Nevada, New Jersey, New York, and Oregon through its income–oriented debt investment vehicle, which targets lighter value–add and core–plus real estate transactions with a greater focus on income generation with rates of approximately 4% to 6%.

• Launching an institutional hospitality lending platform, Madison Newbond, with $500 million of initial lending capacity in partnership with Newbond Holdings. Madison Newbond offers unique financing programs to new and existing borrowers across the hospitality spectrum from limited–service hotels and developers to ultra–luxury resorts and targets opportunities including transitional lending and ground up developments, as well as first mortgages, mezzanine loans and preferred equity, across major metropolitan markets.

• Attracting and retaining executive talent. In April 2021, Madison announced seasoned executive Urian Yap joined the firm as Chief Financial Officer from The Blackstone Group, where he led the global loan operations team for Blackstone Real Estate Debt Strategies and the financial reporting team for Blackstone Mortgage Trust Inc. Madison expanded its team with 12 new professionals, further building–out multiple real estate investment disciplines and capabilities. Additionally, Madison, which first opened its Los Angeles offices in 2018, continued to grow its presence on the west coast with the opening of its new Los Angeles office in Century City.

Josh Zegen, Managing Principal and Co–Founder of Madison Realty Capital, said, "Madison Realty Capital further distinguished itself in 2021 by providing single–source, customized financing solutions for borrowers' unique needs and delivered speed, certainty of execution, and strong underwriting, despite a highly dynamic market environment. I am proud of what we were able to accomplish, which is a testament to our team as well as the culture and expertise we have developed over the past 17 years. We look forward to continuing to execute on behalf of our borrowers, investors, and communities we serve in 2022 and beyond."

Noteworthy transactions for the firm in 2021 include:

• Breaking ground for a mixed use residential and public school development in Woodside, Queens in a public–private partnership with the NYC School Construction Authority and Department of Education;
• A $34 million loan–on–loan financing for the redevelopment of a multifamily property in Woodland Hills, Los Angeles;
• A $106 million construction loan to Arch Companies and AB Capstone for the ground–up development of Myrtle Point, a mixed–use residence in New York City;
• A $450 million construction loan to The Rabsky Group for a 1,098–unit mixed–use development in Downtown Brooklyn;
• A $278.5 million construction loan to Reger Holdings, LLC for a portfolio of 734 multifamily apartments, 1,264 multifamily units, and 117 luxury condominium residences across three projects in Austin, Texas;
• A $30 million first mortgage loan to Metropica Development for a luxury condominium tower and ten acre development site in Sunrise, Florida;
• A $79 million loan to Vella Group for a portfolio of five industrial and flexible office properties in Los Angeles, California;
• A $395 million loan for a portfolio of 1,161 units across three multifamily projects in Bayonne, Raritan and Linden, New Jersey as well as a land site at the former Bears Stadium with plans for 4,200 residential units;
• A $110 million loan to Harridge Development, Silverpeak Real Estate Partners, and an affiliate of Cerberus Capital Management for single–family homes in a master–planned housing development in Historic San Pedro, Los Angeles.

About Madison Realty Capital

Madison Realty Capital is a vertically integrated real estate private equity firm that, as of December 31, 2021, manages approximately $8 billion in total assets on behalf of a global institutional investor base. Since 2004, Madison Realty Capital has completed approximately $20 billion in transactions providing borrowers with flexible and highly customized financing solutions, strong underwriting capabilities, and certainty of execution. Headquartered in New York City, with an office in Los Angeles, the firm has approximately 70 employees across all real estate investment, development, and property management disciplines. Madison Realty Capital has been frequently named to the Commercial Observer's prestigious "Power 100" list of New York City real estate players and is consistently cited as a top construction lender, among other industry recognitions. To learn more, follow us on LinkedIn and visit www.madisonrealtycapital.com.

GLOBENEWSWIRE (Distribution ID 8429979)

NEW YORK, Jan. 13, 2022 (GLOBE NEWSWIRE) — Madison Realty Capital, a vertically integrated real estate private equity firm focused on debt and equity investment strategies, today announced that it has originated a $345 million loan to Cronin Development for the completion of a 22–story, 114–unit residential and retail condominium development at 150 Seaport Boulevard in Boston, Massachusetts.

The property will contain a mix of one–bedroom to six–bedroom penthouse residences with waterfront views, a majority of which will feature outdoor space, and 10,211 square feet of retail. The Residences will feature a full range of amenities, including a fitness and wellness center with a spa and jacuzzi, bistro–style restaurant with waterfront dining, a grand lounge and pool overlooking the harbor, boardroom, business center, catering kitchen, wine vault, and two guest suites, all managed by St. Regis residential staff.

Josh Zegen, Managing Principal and Co–Founder of Madison Realty Capital, said "Boston's Seaport District is expanding rapidly, but high barriers to entry and long entitlement processes have constrained the supply of luxury condominium offerings. We are pleased to expand our presence in Boston to deliver an attractive and complex financing solution mid–construction for a significantly presold property to Cronin Development, a developer with over twenty years of experience developing and managing real estate projects in the Boston area. This transaction reflects Madison Realty Capital's ability to deliver unique financing and certainty of execution for residential projects in every phase of development."

Jon Cronin, Founder of Cronin Development, said "We are thrilled to engage Madison Realty Capital as a single source of financing to complete this luxury residential product, which will be the last waterfront residential development in the Seaport District. Madison Realty Capital was able to leverage its knowledge of the Boston condominium market to quickly and efficiently provide us a tailored financing solution during the construction process that will enable us to complete the project in the near term."

Madison Realty Capital has significant experience investing in Boston. Notable transactions include a $165 million loan to Scape North America for the development of a 451–unit multifamily project in Boston's Fenway neighborhood and a $314 million construction loan to Raffles Boston Back Bay Hotel & Residences.

About Madison Realty Capital

Madison Realty Capital is a vertically integrated real estate private equity firm that, as of December 31, 2021, manages approximately $8 billion in total assets on behalf of a global institutional investor base. Since 2004, Madison Realty Capital has completed approximately $20 billion in transactions providing borrowers with flexible and highly customized financing solutions, strong underwriting capabilities, and certainty of execution. Headquartered in New York City, with an office in Los Angeles, the firm has approximately 70 employees across all real estate investment, development, and property management disciplines. Madison Realty Capital has been frequently named to the Commercial Observer's prestigious "Power 100" list of New York City real estate players and is consistently cited as a top construction lender, among other industry recognitions. To learn more, follow us on LinkedIn and visit www.madisonrealtycapital.com.

GLOBENEWSWIRE (Distribution ID 8426000)

NEW YORK, Jan. 11, 2022 (GLOBE NEWSWIRE) — Madison Realty Capital ("Madison") today announced the final close of Madison Realty Capital Debt Fund V LP ("Fund V"), raising $2.08 billion in equity commitments, exceeding the fund's $1.75 billion target.

Fund V received significant support from existing investors as approximately 70% of the institutional LPs in Madison's prior fund re–upped into Fund V. Additionally, 52% of the capital committed for Fund V came from new limited partners, both domestically and abroad.

Madison's global, institutional investor base has historically included public and corporate pension plans, sovereign wealth funds, endowments and foundations, insurance companies, family offices and high net worth individuals located in the United States, the Middle East, Europe, and Asia. Madison has now expanded its investor presence to include Australia, Latin America and Canada, as well as new regions within the Middle East, Europe and Asia.

Fund V expands on Madison's investment strategy to serve as a single source of customized flexible financing solutions for borrowers' unique needs providing them with speed and certainty of execution. Fund V originates and acquires loans across asset classes including multifamily, mixed use, retail, office, industrial, land and hotel. Madison invests in transitional and special situation loans as well as provides financing for ground–up development and construction.

In 2021, Madison completed 72 transactions with a gross transaction volume of approximately $6.4 billion across all of its debt investment strategies.

Adam Tantleff, Managing Principal of Madison Realty Capital, said, "Our extensive experience through multiple cycles over the past 17 years is what led both existing and new investors to place their confidence in Madison during this unprecedented time. We are grateful for the trust they have placed in our team, and look forward to continue executing on our investors' behalf."

Madison Realty Capital Debt Fund IV LP held its final close in 2019 and raised $1.14 billion in equity commitments. Since inception, Madison has completed approximately $20 billion in debt and equity transactions.

About Madison Realty Capital

Madison Realty Capital is a vertically integrated real estate private equity firm that, as of December 31, 2021, manages approximately $8 billion in total assets on behalf of a global institutional investor base. Since 2004, Madison Realty Capital has completed approximately $20 billion in transactions providing reputable borrowers with flexible and highly customized financing solutions, strong underwriting capabilities, and certainty of execution. Headquartered in New York City, with an office in Los Angeles, the firm has approximately 70 employees across all real estate investment, development, and property management disciplines. Madison Realty Capital has been frequently named to the Commercial Observer's prestigious "Power 100" list of New York City real estate players and is consistently cited as a top construction lender, among other industry recognitions. To learn more, follow us on LinkedIn and visit www.madisonrealtycapital.com.

GLOBENEWSWIRE (Distribution ID 8424596)

NEW YORK, Nov. 08, 2021 (GLOBE NEWSWIRE) — Madison Realty Capital, a vertically integrated real estate private equity firm focused on debt and equity investment strategies, and Newbond Holdings (Newbond), a vertically integrated real estate investment and operating platform founded by Neil Luthra and Vann Avedisian, today announced the launch of Madison Newbond, an institutional lending platform that will provide first mortgages, mezzanine loans and preferred equity to hotel owners and developers nationwide. The partnership launched with approximately $500 million of initial lending capacity and will add scale in line with the opportunity.

Madison Newbond will build on Madison Realty Capital's institutional lending platform and deep relationships as well as Newbond's hospitality industry expertise and strong operational knowledge. The partnership will offer unique financing programs to new and existing borrowers across the hospitality spectrum from limited–service hotels to ultra–luxury resorts and will target opportunities including transitional lending and ground up developments across major metropolitan markets.

"The hospitality industry has experienced significant disruption throughout the pandemic and there is a clear need for creative and flexible lending solutions for hotel owners as they continue to recover from the changes to their business plans," said Josh Zegen, Managing Principal and Co–Founder of Madison Realty Capital. "We are enthusiastic about joining forces with Newbond to expand our product offering tailored to meet the evolving needs of hospitality real estate owners and operators."

"We are excited to launch this partnership with Madison Realty Capital, a firm with a world–class lending platform, and a team that we are deeply familiar with, to provide a wide range of lending options to the hospitality market," said Neil Luthra, Founding Partner at Newbond. "Madison's substantial resources coupled with Newbond's extensive hotel underwriting capabilities will best position the platform to identify and capitalize on exciting opportunities in the hospitality space."

Madison Realty Capital and the principals of Newbond have significant experience lending and investing in the hospitality sector. The principals of Newbond have completed over $15 billion of debt and equity investments. Notable recent Madison Realty Capital transactions include a $105 million loan to Fort Partners for the acquisition and modernization of the Four Seasons Hotel Miami and a $210 million loan to Fort Partners for the construction of the Four Seasons Hotel and Private Residences Fort Lauderdale.

For any financing inquiries or to request additional information about the Madison Newbond platform, please contact Andrew Fichte, a partner at Newbond, at afichte@newbond.com and Josh Zegen, at josh@madisonrealtycapital.com.

About Madison Realty Capital

Madison Realty Capital is a vertically integrated real estate private equity firm that manages approximately $6.7 billion in total assets on behalf of an institutional global investor base. Since 2004, Madison Realty Capital has completed more than $16 billion in transactions in the U.S. providing reputable borrowers with flexible and highly customized financing solutions, strong underwriting capabilities, and certainty of execution. Headquartered in New York City, with an office in Los Angeles, the firm has over 60 employees across all real estate investment, development, and property management disciplines. Madison Realty Capital has been frequently named to the Commercial Observer's prestigious "Power 100" list of New York City real estate players and is consistently cited as a top construction lender, among other industry recognitions. To learn more, follow us on LinkedIn and visit www.madisonrealtycapital.com.

About Newbond Holdings

Newbond Holdings, founded by Neil Luthra and Vann Avedisian in 2021, is a real estate investment and operating platform focused on debt and equity investments across multiple real estate product types with a hospitality focus as well as investments in related operating businesses and technology platforms. The partners at Newbond have completed over $15 billion of debt and equity transactions. As a vertically integrated operating and investment platform, Newbond is uniquely positioned to create significant value beyond the typical investment process through creative structuring, operations and the development of single and multiple asset brands.

Attachments

• Josh Zegen
• Neil Luthra

GLOBENEWSWIRE (Distribution ID 8388933)

NEW YORK, Sept. 14, 2021 (GLOBE NEWSWIRE) — Madison Realty Capital, a vertically integrated real estate private equity firm focused on debt and equity investment strategies, today announced it has provided a $450 million loan to The Rabsky Group, one of the largest residential and commercial developers in Brooklyn and Queens, to complete development of a 1,098–unit, 35–story multifamily and retail mixed–use property at 625–635 Fulton Street at the intersection of Flatbush Avenue in Downtown Brooklyn, New York.

Josh Zegen, Managing Principal and Co–Founder of Madison Realty Capital, said, "This transaction represents Madison Realty Capital's ability to deliver speed, certainty, and execution to top–tier borrowers in highly attractive submarkets. Accordingly, we are pleased to provide The Rabsky Group, a highly sophisticated and experienced developer with significant holdings throughout the New York metropolitan area, with a large and flexible financing solution. Downtown Brooklyn is an ever–expanding neighborhood and new multifamily housing options, particularly of this caliber, will be quickly absorbed. We are glad to support a property under development that will offer significant affordable housing options and look forward to expanding our relationship with The Rabsky Group for additional projects that positively impact New York City."

Brooklyn is New York City's most populous borough and is home to one of the most diverse economies in the country. Proximity to major employment hubs and education centers have made Downtown Brooklyn one of New York's fastest growing residential markets. Moreover, Downtown Brooklyn has also become a technology and innovation hub and is home to 25 percent of New York City–based tech firms. The property is located within the Brooklyn Tech Triangle, an area comprised of Downtown Brooklyn, DUMBO, and the Brooklyn Navy Yard that has emerged as New York City's largest cluster of tech activity outside of Manhattan and is within two blocks of ten different subway lines.

Designed with two interconnected residential towers atop a five–story podium, the property will offer 590,096 rentable residential square feet across 342 studios, 492 one–bedroom and 264 two–bedroom units and 30% of the units will be affordable through the Affordable New York program. A portion of the affordable units will be part of the Inclusionary Housing Program for lower income tenants. Residents will enjoy top–of–the–line amenities including a fitness facility, spa, recreation areas, in–unit washers and dryers, lounges, and a rooftop outdoor pool with views of Manhattan and Brooklyn. In addition to best–in–class residential units the property will have 25,988 rentable square feet of retail space along Fulton Street, 250 parking spaces and 150 storage units.

The Rabsky Group is led by Simon Dushinsky, Yadler Rabinowitz, and Joel Gluck, who also contributed significant cash equity for the construction.

Henry Bodek of Galaxy Capital served as broker for the transaction.

About Madison Realty Capital

Madison Realty Capital is a vertically integrated real estate private equity firm that manages approximately $6 billion in total assets on behalf of an institutional global investor base. Since 2004, Madison Realty Capital has completed more than $15 billion in transactions in the U.S. providing reputable borrowers with flexible and highly customized financing solutions, strong underwriting capabilities, and certainty of execution. Headquartered in New York City, with offices in Los Angeles and Miami, the firm has over 60 employees across all real estate investment, development, and property management disciplines. Madison Realty Capital has been frequently named to the Commercial Observer's prestigious "Power 100" list of New York City real estate players and is consistently cited as a top construction lender, among other industry recognitions. To learn more, follow us on LinkedIn and visit www.madisonrealtycapital.com.

GLOBENEWSWIRE (Distribution ID 8325195)