DST sponsor profile
Madison Realty Companies
Firm facts, program history and offerings on Baker 1031. Alphabetical and unranked; not an endorsement.
Facts checked Jerry Baker
The short answer
Madison Realty Companies is a real estate firm that has owned assisted living properties and sponsored Delaware Statutory Trusts (DSTs) for 1031 exchange investors. SEC filings show it sponsored four Madison Realty Senior Care DSTs, with Form D filings dated from November 2015 to August 2018.
Key facts
- Sponsoring entity
- Madison Realty Companies LLC
- DST or TIC programs since
- 2015
- Program types
- DST, LLC fund
- Property types
- Assisted living, Senior housing
- SEC filings
- EDGAR (CIK 0001658777)
From the sponsor's own website and public filings, checked November 1, 2026. Sources are listed in the full profile.
Madison Realty Companies offerings on Baker 1031
No offerings from this sponsor are currently available through Baker 1031. See current DST offerings.
About Madison Realty Companies
Madison Realty Companies LLC is a senior housing real estate firm. A press release it issued through PR Newswire in February 2014, from Pasadena, California, described it as a national developer and owner of assisted living properties. The release said the firm had been in business for more than 20 years. It named Gary Langendoen as senior managing director. It also said Madison had bought six assisted living facilities in the Rocky Mountain states in January 2014.
Later SEC filings list Colorado addresses. A 2015 DST filing lists 225 Waneka Parkway in Lafayette, Colorado. Filings from 2016 through 2018 list 925 S. Niagara Street in Denver. Those filings name Gary Langendoen and K. Matthew Arnold as co-managers of the sponsor.
This page could not find a current website for the firm or any DST filings after 2018. Its current headquarters and founding year are not confirmed, so they are left blank.
Several firms use similar names. This page covers Madison Realty Companies LLC, the senior-care DST sponsor. It is not the same as Madison Realty Capital, a New York debt fund manager, or Madison Capital Group, a Charlotte, North Carolina sponsor with its own Madison Capital Group profile.
Madison Realty Companies' DST programs
A DST is a trust that holds title to real estate. Investors buy beneficial interests in the trust, and those interests can qualify as replacement property in a 1031 exchange. The sponsor finds the property, sets up the trust and manages it until it sells. The guide to DST property types covers senior housing and other sectors.
A full-text search of SEC EDGAR shows four DSTs tied to Madison Realty Companies:
- Madison Realty Senior Care I-UT, DST, Form D filed November 20, 2015
- Madison Realty Senior Care II-AZ, DST, Form D filed April 11, 2016
- Madison Realty Senior Care Alta Ridge DST, Form D filed February 1, 2017
- MRSC CO Aspen House DST, Form D filed September 28, 2017, with another filing in August 2018
The first filing, for Madison Realty Senior Care I-UT, DST, names Madison Realty Companies LLC as "Sponsor of the Filer." It lists a total offering of $6.8 million and a $25,000 minimum investment.
The MRSC CO Aspen House DST filing shows a common DST setup. Madison Realty Companies LLC is the manager of the trust's signatory trustee, MRSC CO Signatory Trustee IV LLC. That filing lists a $10 million offering and a $50,000 minimum.
The firm also filed for an LLC fund, Madison Realty Senior Care Fund, LLC, in 2015 and 2016. It listed a $50 million offering. An LLC fund interest is a different security from a DST interest and generally does not qualify as 1031 replacement property.
The DST filings list Orchard Securities, LLC (CRD 133378) as a firm receiving sales compensation. They do not describe it as a Madison affiliate.
Senior housing properties depend on an operator to run daily care and services. Like most DSTs, these offerings were generally limited to accredited investors. Distributions are not guaranteed, the interests are illiquid, and investors can lose money.
How to research Madison Realty Companies' offerings
Search SEC EDGAR for each trust's exact name, such as "MRSC CO Aspen House DST," to read its Form D and amendments. You can look up Orchard Securities, LLC on FINRA BrokerCheck. If you hold an interest in one of these trusts, the trust's PPM and investor reports describe the operator, lease and loan terms. Ask the trust's current manager for the status of the property and any sale plans. The guides on how to check a DST sponsor and how to read a DST offering cover what to ask.
Frequently asked questions
Is Madison Realty Companies a DST sponsor?
Yes. SEC filings name Madison Realty Companies LLC as sponsor of Madison Realty Senior Care I-UT, DST. EDGAR shows four of its senior care DSTs from 2015 to 2018.
What kind of property did Madison Realty Companies DSTs own?
The trust names and the firm's 2014 press release point to senior care and assisted living properties. Each trust's PPM describes its specific property.
Where is Madison Realty Companies located?
Its 2014 press release was issued from Pasadena, California. Its DST filings from 2015 to 2018 list Lafayette and Denver, Colorado addresses.
Who ran Madison Realty Companies?
SEC filings list Gary Langendoen and K. Matthew Arnold as co-managers of the sponsor. The 2014 press release named Langendoen as senior managing director.
Is Madison Realty Companies the same as Madison Realty Capital or Madison Capital Group?
No. Madison Realty Capital is a New York firm whose debt funds file separately with the SEC. Madison Capital Group is a Charlotte, North Carolina sponsor. Madison Realty Companies focused on assisted living properties.
Questions to ask about any DST sponsor
- Full-cycle results
- Ask for every program the sponsor has sold, including any that went back to a lender, and how investors came out of each one.
- Fees and loads
- Find the total load in the private placement memorandum (PPM): selling commissions, dealer-manager fees, acquisition and financing fees, and fees at sale.
- Debt
- Check the loan amount, rate, term and maturity date, and what happens if the loan can't be refinanced when it comes due.
- Reserves and capitalization
- See how much is held in reserve for repairs and vacancy, and whether the sponsor has the capital to support a property through a hard stretch.
- Conflicts of interest
- Read the PPM's conflicts section: affiliated managers, master lease arrangements, and any 721 exchange into the sponsor's own REIT.
- Regulatory record
- Look up the managing broker-dealer on FINRA BrokerCheck, and search the sponsor's filings on SEC EDGAR.
For a step-by-step version, see how to check a DST sponsor and how to evaluate a DST sponsor.
Sources
- PR Newswire: Madison Realty Acquires a Six Assisted Living Facility Portfolio (February 18, 2014)
- SEC EDGAR full-text search: "Madison Realty," Form D
- SEC Form D: Madison Realty Senior Care I-UT, DST (2015)
- SEC Form D filing: MRSC CO Aspen House DST (2018)
- SEC Form D: Madison Realty Senior Care Fund, LLC (2016)
This profile is general information about Madison Realty Companies, drawn from its own website and public filings. It is not an endorsement or recommendation of the sponsor or any of its offerings, and sponsors are listed alphabetically, not ranked. Baker 1031 may receive compensation from sponsors whose offerings it makes available. DST and other real estate securities are speculative and illiquid, distributions are not guaranteed, and you can lose your entire investment. Most are available only to accredited investors. This isn't tax or legal advice; talk with your CPA, attorney and qualified intermediary. Securities are offered through Aurora Securities, Inc., member FINRA/SIPC.