Madison Capital Ventures acquires Palm Gardens; a 45 Unit apartment building in Tuscon, AZ
Los Angeles, CA (PRWEB) November 20, 2005 – Madison Capital Ventures (“MCV”), announced today that it has acquired Palm Gardens Apartment Building in Tuscon, Arizona.
The 45 unit resort style building is the first of several planned acquisitions in the Tucson market as part of collaborative efforts between MCV and MMZF, LLC. At 3727 East 5th St., the building is just over 2 miles from the university and spans 2 acres of prime land in the heart of the city. The partners plan to significantly raise the value of the building through its student housing improvement strategy.
MCV believes this real estate investment opportunity will benefit from it’s proximity to the university, highly sought-after community lifestyle, a health and wealth-conscious local government, and an exceptionally desirable rental submarket. The local market is one of high demand resulting from a severe shortage of quality housing for students of the local colleges and residents of the downtown Tucson area.
About Madison Capital Ventures
Madison Capital Ventures, LLC (MCV) is a diversified firm that focuses on uncovering and acquiring real estate and other prime investment opportunities for individual and institutional investors. MCV also helps to provide project and business entity funding through third party equity and debt financing and offers sales consulting and assistance for clients with promising market opportunities.
Headquartered in Los Angeles with offices in San Diego and Phoenix, MCV evaluates potential investments throughout the western US and participates in real estate ventures through direct ownership, joint ventures and limited partnership arrangements.