Madison Realty Companies
4 Programs on record · filing history back to 2015 · 0 classified as raising now
Website not on recordSponsor-reported, from SEC filings and cited sources.
What the record shows
Madison Realty Companies is a real-estate investment-management firm that sponsored a series of senior-care Delaware statutory trusts. Form D filings between November 2015 and September 2017 name it as sponsor, as sponsor and manager, or as manager of the signatory trustee for four DST issuers: Madison Realty Senior Care I-UT, Madison Realty Senior Care II-AZ, Madison Realty Senior Care Alta Ridge, and MRSC CO Aspen House. Total offering amounts stated in those filings ranged from $5,350,000 to $8,600,000. Sponsor material for the 2016 II-AZ program describes two Arizona senior-care properties, American Meadows in Mesa and American Vistas in Apache Junction, and a strategy of acquiring cash-flowing assets with value-add upside.
Sponsor-stated figures are as reported by the sponsor.Evidence 1234567
The public record tracks 4 Programs, all 4 lifecycle-eligible and seasoned, over a 10 yr span, with 2 distress events: a Maricopa County Superior Court receivership involving Heritage Village and a voluntary Chapter 11 filing by MRSC CO Aspen House, LLC after lender-initiated foreclosure; neither record establishes a completed foreclosure. One tracked Program is recorded as property sold with result unknown. The outcome ledger shows 0 figures published, 2 outcomes acknowledged without a figure, and 1 silent, across 13 citations at proof depth 3.
Raising money now
Classified active by Top1031 from the SEC filings. That does not confirm an offering is still available to buy.
No active offerings are on record for this sponsor.
How this Grade was computed
The four channels describe the documented public record. The published letter also applies evidence gates, ceilings, and adverse floors.
- Ceilings
- The result cannot exceed H + 10 or L + 15, so stronger sales evidence cannot wash out a weaker harm or lifecycle record.
- Evidence gates
- A and B require minimum proof depth, lifecycle history, and channel evidence. A also requires qualifying disclosure coverage.
- Adverse floors
- An Integrity alert sets an F floor. A dominant documented capital loss or multiple independent severe events sets D or lower.
- D2026-Q3 · Moved from D. Binding constraints: proof depth below 4; fewer than 10 lifecycle-eligible Programs; H below 85.
Programs on the record
A Program is the filing-level offering record associated with this sponsor. Published-result figures are shown only with sponsor attribution and adjacent sources.
Who they are
Senior-care DST platform
Madison Realty Companies built its Delaware statutory trust work around senior-care real estate, with four DST issuers first filed between 2015 and 2017 1. The Form D for Madison Realty Senior Care I-UT, DST, signed November 18, 2015, named Madison Realty Companies as sponsor and stated a $6,800,000 total offering amount 2. Madison Realty Senior Care II-AZ, DST filed on April 11, 2016, also naming Madison Realty Companies as sponsor, with an $8,600,000 total offering amount 3. Madison Realty Senior Care Alta Ridge DST filed on January 31, 2017, identifying Madison Realty Companies LLC as sponsor and manager and stating an $8,500,000 total offering amount 4. MRSC CO Aspen House DST filed on September 25, 2017, identifying Madison Realty Companies LLC as manager of the signatory trustee and stating a $5,350,000 total offering amount 5.
Strategy and Arizona program detail
Sponsor offering material describes Madison Realty Companies as a full-service real-estate investment-management company focused on acquiring cash-flowing assets with value-add upside, and identifies the assets of the 2016 II-AZ program as American Meadows in Mesa, Arizona, with 35 beds, and American Vistas in Apache Junction, Arizona, with 56 beds, supported by an $8,600,000 offering and $6,200,000 of loans as reported by the sponsor 6.
A Maricopa County Superior Court receiver's initial status report dated July 17, 2024, filed in an Arizona Attorney General action whose complaint alleged endangerment and consumer fraud, states that Madison Realty Companies LLC was among the entities believed to hold an ownership interest in Heritage Village, owned 75% of HV Management, and managed Heritage Village from approximately June 2022 until the receiver terminated that role, with Mission Management Services approved on June 12, 2024 to take over 7.
Show sources (7)Hide sources (7)
- Top1031 sponsor record ↗Top1031-derived
- sec.gov ↗Public record
- sec.gov ↗Public record
- sec.gov ↗Public record
- sec.gov ↗Public record
- Madison Realty Companies offering material ↗Sponsor disclosure
- azag.gov ↗Public record