Madison Long Shoals
Multifamily (Class A, built 2024) property in Arden, NC — sponsored by Madison Capital Group
Files with the SEC as MCG Arden NC Multifamily DST
Minimum investment
$100k
Offering size
$14.0M
How much has sold
23.0%
Asset type
Multifamily (Class A, built 2024) property
Location
Arden, NC
Financing
Leveraged. This offering reports mortgage debt on the property.
Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
Madison Long Shoals is a Delaware statutory trust (DST) — a structure that lets 1031 exchange investors hold fractional interests in real estate — sponsored by Madison Capital Group. It holds one Class A apartment community completed in 2024 in Arden, North Carolina, in the Asheville submarket.1 The Trust is raising from accredited investors under Rule 506(c), the exemption that allows a private placement to be advertised publicly.2
~48% LTV; min $100k 1031/$25k cash; $14M equity; stabilized in 10 mo; PM: Madison Communities
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These links support the public record as a whole; individual details may come from different sources.
On a 45-day clock? Find day 45 and day 180 from the sale date, then come back to this record.
What exactly is the property?
Madison Communities, Madison Capital Group's multifamily development affiliate, bought the community — then known as Venture at Long Shoals — on behalf of this Trust and rebranded it, AltsWire reported on December 8, 2025.3 The sponsor describes a Class A boutique community in Asheville's Arden submarket, completed in 2024, that reached stabilization ten months after opening.1
- Property address
- 10 Calm Water Drive, Arden, NC
- Property size
- 86 units / ~72k SF
Who is the tenant, and what's the lease?
There is no corporate tenant: income comes from individual residents, so the Trust absorbs vacancy, turnover and operating costs rather than passing them to one tenant under a triple-net lease, where the tenant pays taxes, insurance and upkeep. Public leasing materials list terms of six to fifteen months.4
How are sales going?
These are the sponsor’s own numbers. They can lag what has actually sold, and they do not confirm that interests are still available.
23.0% reported sold
- Amount sold
- $3,242,882
- Still available
- $10,746,021
- Investors reported
- 12
- Total offering
- $13,988,903
Not enough filings yet to show a trend.
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How is it financed, and what does it pay?
The Trust carries mortgage debt, so the lender's claim ranks ahead of investor equity — and that borrowing supplies the replacement debt an exchanger needs if the property they sold carried a mortgage. Neither the Form D nor the sponsor materials reviewed names the lender, the loan balance, or the maturity date.
- Financing
- Leveraged. This offering reports mortgage debt on the property.
- Loan-to-value
- approximate 48%madisoncapgroup.com
Who's behind it?
Madison Capital Group announced this DST on February 23, 2026 and named its multifamily affiliate Madison Communities as property manager, putting one organization on both the sponsor and the day-to-day operating side.1 The Form D sets out the control chain: Madison Long Shoals Manager, LLC signs as trustee, with Madison DST Holdings, LLC and Madison Capital Group Holdings, LLC above it.2 SQX Alts profiled the sponsor's DST and bonus-depreciation platform on August 25, 2026, describing this Trust as launched in February and in market.
- Sponsor
- Madison Capital Group
- Legal Trust name
- MCG Arden NC Multifamily DST
- May convert to a REIT
- No
- Offerings from this sponsor
- 6 active / 12 total offerings from Madison Capital Group
Reported by the sponsor. Top1031 does not independently audit sponsor-reported figures.
What does the paperwork say?
No amendment has followed the original notice, which reports a first sale on December 12, 2025 — weeks before the public launch announcement.2 The exemption claimed permits open advertising, but each buyer's accredited status must be verified by the issuer rather than self-certified.
- Form D filedFirst and latest filing on record.
- Filings on record
- 1
- How it may be offered
- Rule 506(c)May be advertised publicly. Every buyer’s accredited status must be verified.
- Source filing
- Read the filings on SEC EDGAR
A Form D is the notice a sponsor files when it starts raising money. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
DST interests are illiquid private securities. You may lose some or all of your investment. Distributions, tax treatment, and exit timing are not guaranteed. Review the current Private Placement Memorandum before investing.
Common questions
Is Madison Long Shoals still raising money?
Top1031 lists Madison Long Shoals as active because the sponsor is still filing with the SEC. That does not confirm that interests remain available.
Where does Top1031 get the data for Madison Long Shoals?
Top1031 builds this record from the sponsor’s own SEC filings and cited sponsor disclosures. Filings can lag what is happening now. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
What does this Trust actually own?
A single Class A apartment community of 86 units, roughly 72,000 rentable square feet, in Arden, North Carolina, in the Asheville submarket. Madison Capital Group's February 23, 2026 launch release says it was completed in 2024, and AltsWire reported on December 8, 2025 that Madison Communities acquired the property — formerly Venture at Long Shoals — on behalf of this Trust and rebranded it. One property in one submarket means no diversification across markets or buildings.
Is the offering still open?
The Trust was still raising as of the Form D filed March 19, 2026, which is the only filing on record for this issuer. No later amendment was identified in the public record reviewed as of August 30, 2026, and a sponsor-platform profile published August 25, 2026 by SQX Alts still described the offering as launched and in market. Everything here reflects that filing's snapshot rather than a statement about today's balance.
What is the minimum investment?
Madison Capital Group's February 23, 2026 launch release states a minimum of $100,000 for 1031 exchange investors and $25,000 for cash investors, and SQX Alts repeated both figures on August 25, 2026. The Form D filed March 19, 2026 reports a $100,000 minimum outside investment accepted. Actual subscription terms are set in the PPM — the Private Placement Memorandum, the offering's full disclosure document.
What offering costs does the Form D disclose?
The Form D filed March 19, 2026 reports estimated maximum sales commissions and finders' fees of $1,468,835 payable to the managing placement agent, and an estimated $561,325 acquisition and due-diligence fee payable to the signatory trustee or its affiliates. The sponsor's launch release describes a total equity raise of approximately $14 million. The PPM sets out the complete fee and expense table.
Why do two different street addresses appear for this property?
Madison Capital Group's launch materials place the community at 10 Calm Water Drive in Arden, while the community's own resident website lists 66 Long Shoals Rd, Arden, NC 28704. The sources reviewed as of August 30, 2026 do not explain whether these are alternate addresses for the same site, so both are recorded here rather than merged into one.
What is not disclosed in the public record?
The Form D and the sponsor materials reviewed do not name the lender, the loan balance, or the maturity date. No purchase price, seller, or numeric occupancy percentage was published either, even though the sponsor describes the community as stabilized. Current leases, the rent roll, reserves and fees live in the PPM, which is delivered to prospective investors rather than filed with the SEC.
Chapter 9News - Madison Capital GroupMadison Capital Group's newsroom covering Madison Long Shoals-related groundbreakings and DST launches, but no in-window (2026-07-30 to 2026-08-03) subscription-milestone or fully-subscribed announcement for MCG Arden NC Multifamily DST was found. Madison Capital Group Launches Multifamily DST for a Newly Constructed Luxury Community in North CarolinaLaunch press release announcing MCG Arden NC Multifamily DST — a Delaware statutory trust offering of the stabilized Madison Long Shoals Class A multifamily community (10 Calm Water Drive / 66 Long Shoals Road, Arden, NC) with ~$14M equity, approximately 48% LTV, $100K 1031 / $25K cash minimums — offering explicitly open at launch. Why Madison Communities tripled down on AshevilleLate-2025 transaction profile covering Madison Communities' Arden / Asheville multifamily acquisitions (including Madison Long Shoals in Arden), which seeded the DST — does not name the DST itself. Madison Communities Acquires Asheville Multifamily Community for DST OfferingLate-2025 acquisition announcement — Madison Communities acquired Madison Long Shoals (86-unit Class A community in Arden, NC) to seed the upcoming MCG Arden NC Multifamily DST.