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<div style="display: flex; flex-direction: column; margin-top: 0.15rem; width: 200px; height: fit-content; align-items: left;
 justify-content: center; font-family: Inter,sans-serif; ">
 <img src="https://cf.reverecre.com/cdn-cgi/image/w=200,h=undefined,fit=scale-down/https://storage.googleapis.com/revere-user-uploads/project%2Ffc605c63-1774-48a2-97df-6a29d8ea61a4%2F5ce2dc74-75fc-463b-b3dd-7712949349fd" onerror="this.style.display='none'" alt="Arena Acquisition JV Equity Image" style="object-fit: cover; width: 200px;" />
 Multifamily 
 
 Arena Acquisition JV Equity
 
 Lauderdale Lakes, FL 
 By Madison Capital Group

 <a href="/user/a3f4b3d1-bb27-49c5-bcda-4e9214982075" style="margin-top: 0.5rem; font-size: 10px; text-decoration: underline;">Tim Martorella</a>
 
 Managing Partner
 
 
 <a href="tel:(305) 995-0760" style="margin-top: 0.25rem; font-size: 10px; text-decoration: underline;">(305) 995-0760</a>
 

 <a href="https://platform.reverecre.com/project/fc605c63-1774-48a2-97df-6a29d8ea61a4" target="_blank" style="text-decoration: underline; color: #2E74B3; text-align: left; margin-top: 0.5rem">
 View Listing
 </a>
 </div>

For over 25 years, Madison Capital Group, LLC (madison-capital.com) has been a leading Miami-based Real Estate capital advisory and investment ﬁrm. Madison’s team leverages decades of experience to advise clients throughout the entire project life cycle. Madison has advised on billions of dollars in transactions, providing services including equity and debt financing, land & investment sales, co-development ventures, and principal investments. Madison co-invests in select development, acquisition and recapitalization opportunities, aligning with our clients’ interests.

Managing Partner

Managing Director

Director/COO

Attractive Acquisition: Basis With Value-Add Upside: Acquisition at $13.5 million ($169k/unit) with total capitalization of $14.9 million, including $618,000 in planned capital improvements. Very attractive whole rent to per unit ratio.

Fixed-Rate Debt Supporting Strong IRR: 5.07% fixed-rate loan, 24 months interest-only, 64% LTV, supporting projected 18.2% levered IRR and 8.7% average cash-on-cash returns.

Experienced Sponsorship With Deep Local Execution: Miami-based Arena Capital has a 20+ year lineage and track record of 20+ and 500,000 SF of retail acquired; leadership includes institutional backgrounds at J.P. Morgan and Nomura.

Compelling Workforce Housing Fundamentals: The property is currently 100% occupied, with in-place rents averaging $1,861 versus market rents above $2,070. Section 8 approval further supports durable tenant demand.

Proven Value-Add Playbook With Strong Cash Flow In Place: Light exterior enhancements, selective unit upgrades, and professionalized management to capture below-market rents while maintaining occupancy.

Workforce Housing Shortage Creates Durable Demand: The local submarket faces very limited new supply, strong absorption (sub-35-day leasing velocity), and countywide workforce housing shortages.

Strategic Growth Platform Ready to Scale: Beyond this property, the Partners intend to expand into a portfolio of several thousand workforce housing units across Florida.

Sales Team

Madison Capital Group, as exclusive capital advisor, is pleased to present an equity investment opportunity in an 80-unit multifamily community in Broward County in the Fort Lauderdale MSA. Madison is seeking a $5 million equity investment in this acquisition on behalf of the sponsor, Arena Capital Holdings, based on senior agency debt financing at 64% of acquisition cost. In conjunction with this

acquisition, Arena is also interested in identifying strategic partners to advance its plan of acquiring 5,000+ units in the next five years.

Tim Martorella is the founding principal of Madison Capital Group, which he has led since its inception in 1998. He has been responsible for the financing or sale of more than $8 billion of real estate in his career, including over $4 billion of multifamily and residential development.

Tim Martorella is also the principal of Madison Capital Investors, a real estate and private equity investment firm, and is responsible for overseeing all of its activities.  He currently manages a portfolio of real estate and private equity investments, consisting of wholly owned real estate assets, real estate partnership equity interests, real estate fund interests, operating company and private placement investments, and public securities.

Tim was previously a partner at Boston Financial, a $7 billion asset real estate investment firm acquired by Lend Lease RE Investments, and a Director within the firm’s Investment Banking Group. He managed Boston Financials’ New York City office and its Capital Strategies and Principal Investments divisions.

Prior to joining Boston Financial, Tim was a principal and founding partner of Alliance Realty Capital, a real estate investment banking firm that was acquired by Boston Financial in 1995. He previously served in various investment and investment banking positions with Merrill Lynch Capital Markets, Prudential Realty Group and Boston Properties.

Tim was an Echols Scholar at the University of Virginia where he earned degrees in Economics and Computer Science. He holds a Masters of Business Administration degree with a concentration in Finance from the Wharton School at the University of Pennsylvania, graduating with Distinction.

Tim actively supports a number of charitable organizations in the community and currently serves on the Board of Directors of Carrfour Supportive Housing.

Overview

Investment Highlights

Sales Team

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