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Making deals that make money.
Since the formation of MRI, the organization has successfully
purchased several office buildings and apartment complexes,
many with extensive renovation components, all of which have
been profitable investments.
Over the course of the past several years, we've methodically
increased our average deal size, growing from the $2 - 3 Million
range, to the $6 - 20 Million range, a niche that we think
is competitively advantageous.
Several of these properties have undergone substantial interior
and exterior renovations in excess of $10,000 per unit.
Many of the smaller properties purchased when the company
was first formed have now run through the cycle of renovation
and leasing, and have either been successfully refinanced
or sold for substantial profit.
Madison Realty Investors Acquisitions Inception to Present
Residential Projects |
Size |
Cost |
Sale Price |
Park View |
24 |
$510,000 |
n/a |
Mariposa Woods |
26 |
$885,000 |
$1,800,000 |
Riverside Park |
24 |
$1,010,000 |
$2,016,000 |
Middle River Waterfront |
18 |
$1,185,000 |
$2,200,000 |
Bayview Waterfront |
24 |
$1,425,000 |
$2,100,000 |
Las Palmas |
37 |
$1,550,000 |
$2,640,000 |
Ocean View Villas |
30 |
$1,620,000 |
n/a |
Bayshore Beach Villas |
23 |
$2,435,000 |
n/a |
Desert Villas |
64 |
$2,450,000 |
$5,500,000 |
Rancho Vista |
42 |
$2,650,000 |
$3,750,000 |
Venice Park |
72 |
$2,750,000 |
$7,683,000 |
Peachtree |
98 |
$3,312,400 |
$7,300,000 |
Mora Kai |
42 |
$3,385,000 |
$5,600,000 |
Intracoastal Isles |
60 |
$3,893,000 |
$8,500,000 |
Alhambra (Millennium Palms) |
240 |
$6,000,000 |
$16,200,000 |
Pelican Point (Whispering Isles) |
300 |
$9,650,000 |
$20,000,000 |
St Charles Place |
220 |
$13,000,000 |
$24,900,000 |
Ashley Point (Millennium Pointe) |
200 |
$6,400,000 |
n/a |
Allison Terrace (Reserve at Water Tower Village) |
59 |
$2,250,000 |
n/a |
Chowder Bay |
300 |
$9,300,000 |
n/a |
Lincoln Center |
50 |
$2,400,000 |
n/a |
Summer Oak |
400 |
$20,900,000 |
n/a |
Sterling Point |
143 |
$11,780,000 |
n/a |
|
|
|
|
Subtotals |
2,496 |
$110,740,400 |
|
Commercial Projects |
Size |
Cost |
Sale Price |
Birchbrook Office Park |
24,500 |
$1,580,000 |
$2,850,000 |
Executive Office Park |
40,151 |
$2,700,000 |
$3,125,000 |
313 Inverness Flex Office |
72,500 |
$3,750,000 |
n/a |
Meridian
Office |
31,191 |
$1,250,000 |
$2,150,000 |
6 8 10 Inverness Office |
93,728 |
$5,325,000 |
$8,900,000 |
1450 Infinite Drive Office Tech |
160,000 |
$15,000,000 |
n/a |
IKB Center |
23,000 |
$1,150,000 |
n/a |
|
|
|
|
Subtotals |
445,070 |
$30,755,000 |
|
Development Projects |
Size |
Cost |
Sale Price |
Waterside Condominiums |
60 |
$11,500,000 |
$19,200,000 |
Hiwassee River Land |
168 |
$6,900,000 |
n/a |
Sun
Canyon Condominium |
140 |
$3,000,000 |
n/a |
|
|
|
|
Subtotals |
368 |
$21,400,000 |
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