Madison Realty Capital closes Debt Fund III on $695m

The vehicle, which originates commercial mortgage and mezzanine loans, surpassed its target of $600m

Madison Realty Capital (MRC) has announced the final closing of the firm’s third institutional real estate debt investment vehicle with a total of $695 million raised, PDI's sister title Real Estate Capital has reported.

The private equity firm, which is focused on real estate equity and debt investments in the US middle-market, has exceeded its original capital commitment goal of $600 million, according to a press release.