Madison Realty Companies
DST sponsorfirst SEC filing 2015
Counted by Top1031 from SEC Form D filings · updated Oct 15, 2026 · Record Card evaluated Oct 12, 2026
0 completed sales; 3 losses or impairments; 3 counted Programs. 3 losses or impairments within three years. Regulatory record: Arizona Attorney General racketeering complaint (2024) and FINRA arbitration claims (2025) over senior-care programs.
Madison Realty Companies has sponsored four Delaware Statutory Trust (DST) programs found in SEC Form D filings since 2015. None of its offerings is active in SEC filings today; its most recent Form D was first filed in 2017.
Madison Realty Companies DST offerings (0 active)
Active means an SEC filing in the last 15 months and not reported fully subscribed. It does not confirm you can still invest.
Ask a 1031 specialist about Madison Realty CompaniesNo active offerings are on record for this sponsor.
Madison Realty Companies Record Card
Madison Realty Companies
0 completed sales; 3 losses or impairments; 3 counted Programs. 3 losses or impairments within three years. Regulatory record: Arizona Attorney General racketeering complaint (2024) and FINRA arbitration claims (2025) over senior-care programs.
Completed sales 0Losses or impairments 3Counted Programs 3
Of 4 Programs, 3 count toward the Grade: 0 completed sales and 3 losses or impairments. The lines below describe all Programs, including those outside the Grade count.
- Programs found in SEC fundraising filings (Form D)
- 4
- Share of programs over 3 years old whose status we confirmed
- 75%
About Madison Realty Companies
Madison Realty Companies is a real estate sponsor whose Delaware statutory trust activity centered on senior-care properties. Top1031 tracks four DST issuers tied to the firm, first filed between 2015 and 2017: Madison Realty Senior Care I-UT, DST; Madison Realty Senior Care II-AZ, DST; Madison Realty Senior Care Alta Ridge DST; and MRSC CO Aspen House DST. In August 2016 the sponsor reported closing a $14.8 million senior-care DST holding two facilities in Mesa and Apache Junction, Arizona, financed at a reported 41.9% loan-to-value ratio with 25-year amortization, and described an asset plan of increasing levels of care through operating efficiency, expansion, or conversion.
Sponsor-stated figures are as reported by the sponsor.Sources: Top1031 sponsor record · prnewswire.com · Press release · 2016 · azag.gov · PDF document · 2024 · azag.gov · PDF document · 2024 · azag.gov · PDF document · 2024
Arizona senior-care closing
In a release dated August 3, 2016 and distributed through PR Newswire, Madison Realty Companies said it had closed a $14.8 million senior-care DST holding two facilities in Mesa and Apache Junction, Arizona, and reported a 41.9% loan-to-value ratio with 25-year amortization. The sponsor described its approach to those assets as increasing levels of care and pursuing value through operating efficiency, expansion, conversion, or a combination of those approaches 2.
In March 2024 the Arizona Attorney General filed suit over Heritage Village Assisted Living, alleging that Madison Realty Companies, LLC and its owners were at the center of the entities controlling that facility, and asked the court to appoint a receiver and remove the owners while the case was pending 3. In October 2024 the office announced an amended complaint in case CV2024-005359 that added racketeering claims, alleged diversion of more than $2.9 million from Heritage Village operating accounts, and sought control of two additional assisted-living facilities, Visions Mesa and Visions Apache Junction 4. Those statements are allegations in litigation rather than adjudicated findings. Top1031's validated outcome record classifies Madison Realty Senior Care II-AZ, DST as a distressed exit dated July 17, 2024, citing the Heritage Village receiver's initial status report 5.
Show sources (5)Hide sources (5)
- Top1031 sponsor record ↗
- prnewswire.com · Press release · 2016 ↗ Sponsor disclosure
- azag.gov · PDF document · 2024 ↗ Public record
- azag.gov · PDF document · 2024 ↗ Public record
- azag.gov · PDF document · 2024 ↗
Madison Realty Companies track record (4 programs)
Every program found in SEC Form D filings. Programs with a reported result are listed first, then the rest by first filing year. Each row links to its SEC filings.
Madison Realty Companies news
Madison Realty Senior Care II-AZ DST distress record
Event: Jul 2024 · Top1031
Questions about Madison Realty Companies DSTs
- Does Madison Realty Companies have DST offerings available now?
- None of Madison Realty Companies’ offerings is active in SEC filings today. Its most recent Form D was first filed in 2017.
- How many DST programs has Madison Realty Companies sponsored?
- Top1031 found four Madison Realty Companies programs in SEC Form D filings. The first was filed in 2015. Each is listed in the track record on this page with a link to its SEC filings.
- What results has Madison Realty Companies published for its DSTs?
- On its Record Card, none of its four programs sold with a result reported by the sponsor yet. Sponsor-stated figures are as reported by the sponsor; Top1031 does not compute or estimate returns.
- How do I ask about Madison Realty Companies offerings?
- Use the “Ask a 1031 specialist about Madison Realty Companies” button at the top of Madison Realty Companies’ offerings list on this page. Top1031 is not a broker-dealer or investment adviser and does not provide tax, legal, or investment advice.
Answers are generated from the counts on this page and change when the record changes.
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