Madison Long Shoals
Multifamily property in Arden, NC · sponsored by Madison Capital Group
Active offeringLatest Form D filed Mar 19, 2026 (opens in a new tab)
Madison Long Shoals is a DST sponsored by Madison Capital Group that owns a multifamily property in Arden, NC (86 units). Its latest Form D, filed Mar 19, 2026, lists a $13.9 million offering with a $100,000 minimum.
Key facts
- Minimum investment
- $100,000From the Form D
- Offering size
- $13,988,903Equity offered, per the Form D
- Sold so far
- Form D, Mar 19, 2026; the % is our arithmetic23.1%
- Investors reported
- Form D, Mar 19, 202612
- Selling commissions
- Form D Item 15; the % is our arithmetic$1,468,835 · 10.5% of offering
- Financing
- Leveraged. This offering reports mortgage debt on the property.How it is financed ↓
- Offered under
- Rule 506(c)May be advertised publicly. Every buyer’s accredited status must be verified.
Figures come from SEC Form D filings unless a source is cited. Sponsor-stated figures are as reported by the sponsor; Top1031 does not independently audit them. On a 45-day clock? Find day 45 and day 180 →
Sales so far
- Latest Form D
- Mar 19, 2026 · 1 filing
- First sale
- Dec 12, 2025
These are the sponsor’s own numbers. They can lag what has actually sold, and they do not confirm that interests are still available.
- Amount sold
- $3,242,882
- Not yet sold
- $10,746,021
- Investors
- 12
Calculated by Top1031 from the Form D filings, not stated by the sponsor:
23.1% of $13,988,903 sold, calculated by Top1031 from the Form D
- Average since first sale
- about $1 million a month
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Ask a 1031 specialist about this recordFree. About: Madison Long Shoals. Top1031 is not a broker-dealer.Madison Long Shoals · Arden, NC · Photo: madisoncapgroup.com
What does Madison Long Shoals own?
A Class A apartment community in Arden, in the Asheville area, completed in 2024 under the name Venture at Long Shoals. 1 A deed indexed November 26, 2025 records Calm Water Drive Owner LLC conveying the property to MCG Arden NC Multifamily DST. 2 Buncombe County's parcel record names the Trust as owner. 3 Madison Capital Group says lease-up to stabilized occupancy took ten months. 1
- Property address
- 10 Calm Water Drive, Arden, NC
- Property size
- 86 units / ~72k SF
How have sales gone?
The Form D record has one sales figure so far, so there is no trend to chart. The figure is in Sales so far ↑.
How is it financed, and what did it cost to sell?
The Trust owns the property with mortgage debt, so the lender is repaid before investors, and that borrowing also supplies the replacement debt an exchanger may need if the property they sold carried a mortgage.
Debt
- Financing
- Leveraged. This offering reports mortgage debt on the property.
Costs and terms from the Form D
- Selling commissions
- $1,468,835 · 10.5% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $561,325 · 4.0% of offeringForm D Item 16· The filing’s note: “This estimate is the acquisition and due diligence fee that will be paid to the Signatory Trustee or its affiliates.”
- Broker-dealers named in the Form D
- 1 named in the Form D
Show the firms
- Madison Capital Markets LLC · CRD 332196
Individual representatives named in Item 12 are not listed.
- Date of first sale
- Dec 12, 2025
- Minimum investment
- $100,000
Form D Item 15 and Item 16 amounts may be the issuer’s estimates; each percentage is Top1031’s arithmetic on two Form D figures. Item 16 can overlap Item 15, so Top1031 does not add them together. The issuer marked these amounts as an estimate.
Who's behind Madison Long Shoals?
Madison Capital Group announced this offering on February 23, 2026, and named its multifamily affiliate Madison Communities as property manager, putting one organization on both the sponsor side and the day-to-day operating side of the same building. 1
- Sponsor
- Offerings on record
What does the SEC record show?
The issuer reported December 12, 2025 as the date of its first sale, before the notice reached EDGAR. 5 The exemption claimed permits general advertising, but the issuer must verify each buyer's accredited status against income or net-worth tests rather than accept self-certification.
- Legal Trust name
- MCG Arden NC Multifamily DST
- SEC CIK
- 2119277
- First Form D
- Mar 19, 2026
- Latest Form D
- Mar 19, 2026
- Filings on record
- 1
- Offered under
- Rule 506(c)May be advertised publicly. Every buyer’s accredited status must be verified.
- Source filing
SEC Form D filings, newest first
| Filed | Form | Offering amount | Amount sold | Investors | Filing on SEC EDGAR |
|---|---|---|---|---|---|
| Form D | $13,988,903 | $3,242,882 | 12 | EDGAR |
Amounts, investor counts and minimums are as filed with the SEC on Form D. The change lines are Top1031’s arithmetic between consecutive filings; a new Form D notice starts a new count.
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.
Common questions
- Is Madison Long Shoals an active offering?
- Madison Long Shoals is an Active offering: its latest Form D was filed Mar 19, 2026. A Form D filing does not by itself confirm that interests are still available; the sponsor or a registered representative can confirm what is open.
- What does this Trust actually own?
- One 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 the property was completed in 2024 and was formerly named Venture at Long Shoals. Buncombe County's tax parcel record names MCG Arden NC Multifamily DST as the owner, and a deed indexed November 26, 2025 records the conveyance from Calm Water Drive Owner LLC. One building in one submarket means no diversification across markets or property types.
- Who pays the rent?
- Individual residents do. There is no single corporate tenant and no master lease to a credit tenant, so income depends on apartment occupancy and rents, and the Trust bears vacancy, turnover and operating expenses. The community's leasing FAQ advertises resident lease terms of six to 15 months, subject to availability and daily pricing.
- How is the Trust financed?
- The Trust owns the property subject to mortgage debt. Madison Capital Group's February 23, 2026 launch release describes the offering as structured at an approximate 48% loan-to-value ratio. Debt at the Trust level also creates the replacement debt a 1031 exchanger may need when the relinquished property carried a mortgage.
- Who manages the property day to day?
- Madison Communities, Madison Capital Group's multifamily operating affiliate, was named property manager in the sponsor's February 23, 2026 launch release. The same organization sponsors the Trust and runs the building, an affiliated arrangement whose fee terms and termination rights are described in the offering documents.
- Why do two street addresses appear for this property?
- Different sources use different addresses for the same community. Buncombe County's tax lookup and deed index use 10 Calm Water Drive and name MCG Arden NC Multifamily DST as the parcel owner, while the community's resident-facing website uses 66 Long Shoals Road in Arden. Each address is the one its own source publishes.
- What is the stated minimum investment?
- Madison Capital Group's February 23, 2026 launch materials state a minimum of $100,000 for 1031 exchange investors and $25,000 for cash investors. The Form D filed March 19, 2026 reports a $100,000 minimum outside investment accepted from any outside investor. Subscription terms are set out in full in the offering documents.
In the news
Sources
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These links support the record as a whole; individual details may come from different sources.
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 offering documents before investing.