PMG Acquired by Madison Realty Capital | Real Estate Services M&A Deal

Madison Realty Capital has completed the acquisition of PMG, a real estate development business in Florida, for $126M. PMG acquisition supports condo development in Wynwood, with Madison Realty Capital acquisitions focused on building new residential product in the Miami area. As a real estate services deals FL platform, PMG acquisition strengthens real estate development acquisition capabilities tied to Florida acquisitions and other acquisition activity. The private equity acquisition is categorized as other acquisition, with Madison Realty Capital as a private equity buyer pursuing a $126 million construction financing-backed growth plan for the Wynwood condo project.