About
Madison Realty Capital aims to provide global institutional investors with superior risk-adjusted returns.
Madison Realty Capital is a real estate private credit manager focused on US-based commercial real estate lending strategies. As of June 30, 2025, the firm and its controlled affiliates (collectively, "Madison") manage $23 billion in assets on behalf of a global institutional investor base. Since 2004, Madison has completed $70 billion of real estate credit transactions. Madison seeks to deliver value at every phase of the property lifecycle by providing tailored financing solutions to borrowers across the capital stack.
Capital At Work
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Josh Zegen is the Managing Principal of Madison Realty Capital. We cover the basics of financing a commercial real estate project, the structural changes in the industry since COVID, and the impact of rates, volatility and tariffs on demand for loans.
The New York-based real estate private equity firm is a construction lender, and much more, co-founder Josh Zegen tells The PERE Podcast.
Timeline
“Assets Under Management” is the combined gross assets under management of Sullivan Realty Capital, LLC and its commonly controlled affiliates as of a recent date.
