Charlotte, N.C. — Madison Communities, a Charlotte-based private multifamily development and property management firm, is expanding into senior housing and age-restricted development with a new business line focused on ground-up communities across the Sun Belt.
The development program will produce what Madison calls “luxury senior living and memory care, with programming built around hospitality-driven amenities and robust social activities.” Madison Communities will partner with seniors housing operators to manage the properties.
Matthew Griffin has joined the company as executive managing director of development to lead the initiative. Griffin brings approximately 30 years of real estate development experience to the role. Before joining Madison, he held senior leadership positions with Griffin Living and previously served in executive development roles with Griffin Real Estate Management, Trinity Homebuilding Group, Griffin Industries and Gatehouse Development.
Madison Communities’ multifamily portfolio comprises 35 properties, including 28 operating and seven under development, representing approximately 7,400 units.