Madison Realty Companies Acquires Four Assisted Living Properties in Colorado
Pasadena, California (PRWEB) July 31, 2013 -- Madison Realty Companies acquires four assisted living properties in Colorado and has two more currently in escrow.
To purchase quickly on the four properties, Madison obtained local bank financing and at the same time, arranged for HUD financing on the two assisted living properties currently in escrow.
Madison manages assisted living properties from California to Florida and has managed apartment complexes in Colorado. Managing assisted living properties in Colorado will be a first, but the Seller, who currently manages 14 other assisted living properties in the local area, will collaborate with the highly experienced Madison asset management team in implementing a program that will add value to the properties and fulfill unmet market demands for senior living. Madison is working with both sellers and brokers to purchase assisted living properties. In a new market such as Colorado, Madison will work closely with the current owner/management.
Madison Realty Companies seeks the following when acquiring senior housing and assisted living properties:
• private pay/non-government pay facilities;
• well managed;
• stable cash flows;
• excess land for expansion opportunities;
• evidence of value added opportunities.
Gary Langendoen, Senior Managing Director at Madison Realty Companies, stated, "We are a value added company. Every property we acquire has a business plan that mitigates risk while carrying out fundamental improvements. As a result, our investors achieve risk-adjusted returns, capital preservation, and significant increased cash flow potential from expansion. This is our niche, our specialty, if you will. We have been doing this for over 20 years with great success." He added, "We buy the properties that are a little smaller in size and in secondary markets than the large REITs prefer, giving us better pricing options. Next, we expand or upgrade the properties so the REITs will buy them in the future."
Accredited investors wanting to invest in the regulation D offerings offered by Madison may contact their broker/financial advisor to give us a call for additional information or to request the offering memorandum.
About Madison Realty Companies
Madison is comprised of a talented senior management team whose expertise spans over 35 years and three real estate cycles. This level of experience is instrumental in adding value to its commercial real estate investment programs that are in sync with today’s market. Madison and its affiliates have a successful track record and over the past five years managed $2 billion of assets including class “A and B” apartments, single-tenant industrial complexes, self-storage, senior living properties, and single family homes.
Erika Pulver, Madison Realty Companies, http://www.madisonrealtycompanies.com/, 626-796-8700, [email protected]
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