Madison Communities Appoints Multifamily Sector Vet as New President
Madison Communities, the multifamily development affiliate of Madison Capital Group, has appointed McCarley Davis as its new president. Davis joins Madison Communities – which specializes in the development and management of suburban apartment communities in the Sunbelt region – with a wealth of experience in the multifamily residential sector and a proven leadership and strategic growth track record.
In his new role, Davis will focus on enhancing internal processes by providing day-to-day leadership, improving internal communication and collaboration, and expanding the company’s capital base through the development of new institutional relationships.
“McCarley has displayed exceptional leadership qualities throughout his career with organizations that set high standards within the multifamily residential world,” said Ryan Hanks, chief executive officer of Madison Capital Group. “We are confident in his abilities to take Madison Communities to the next level. Our vision is to continue being a best-in-class operator and developer of multifamily and built-for-rent communities.”
Davis most recently served as the division president in Florida at Quarterra Group (formerly LMC), where he led the state’s development division since 2022. Under his leadership, Quarterra was active in Florida with 800 units under construction and over 1,200 units in pre-development stages.
Before joining Quarterra, he worked at Epoch Residential from 2014 to 2020. He served as the chief investment officer for Epoch Residential, a Winter Park, Fla.-based multifamily development, construction, and management company. While at Epoch, Davis was involved in developing, capitalizing, and disposing of over 9,000 apartment units across Florida, Texas, Arizona, and North Carolina.
Davis cited Madison’s pipeline, dedicated team, solid market reputation, and financial strength as key factors that attracted him to the role.
“Madison Communities stands out in the multifamily market due to its agile decision-making process and unique product offerings, including our prototype garden and built-for-rent communities,” said Davis.
Madison Communities has been acquiring, developing, managing, and investing in communities for over a decade. With over 2,000 units completed across six states and 15 cities and more than 4,000 units currently under construction, the company said it remains committed to its focus on individuality and lifestyle.
Earlier this year, it closed on the $35.5 million financing for Madison Oglethorpe, an upscale garden-style multifamily development located directly adjacent to Oglethorpe Mall in Savannah, Ga., and associated with its MCG Savannah Investors LLC, adviser-distributed retail investment fund.
Madison Capital Group, based in Charlotte, N.C., and Charleston, S.C., invests in real estate and private equity with a primary focus in the self-storage and multifamily sectors. Madison Capital is the parent company of both: Go Store It Partners – a non-traded direct investment sponsor that focuses on the self-storage; and Madison Communities – a vertically integrated real estate development and investment firm focused on building high-quality, suburban, garden-style apartment communities throughout the Southeast.
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