CHARLOTTE, NC – Madison Capital Group announced the acquisition of Foundry Point Apartments, a 275-unit apartment building in downtown Charleston, SC.
Foundry Point is a prime mid-size community on the Upper Peninsula in downtown Charleston. The foundry is just blocks from several restaurants and breweries, and not far from historic downtown Charleston.
"Foundry Point is an asset we want to hold for the long term as we believe in the long-term growth of Charleston, especially on the peninsula. The nearby corridor is still changing and we are excited to see what the area looks like in 10-15 years" said Ryan Hanks, founder of MCG.
Madison Capital Group has been very active in the Charleston area for the past 10 years and has a large office in downtown Charleston. Madison has been involved in the acquisition and development of 13 additional communities in the Charleston MSA since 2009 and has planned two additional communities in Downtown and West Ashley.
Madison Capital Group, LLC is a Charlotte, NC-based, multi-family investment firm focused on developing and acquiring Class A multi-family projects throughout the Southeast.
Source: Madison Capital Group