Key Takeaways
- • Madison Capital Group, a Charlotte-based vertically integrated real estate investment and development firm, has named Chris Best managing director to lead its expansion into the registered investment advisor (RIA) and family office channels.
- • Best will oversee capital raising, distribution strategy and team development for the firm's alternative real estate investment strategies.
- • Best brings more than two decades of experience in capital formation, alternative investments and fund distribution, including over 16 years at Sterling Capital Management, where he was executive director and senior client strategist.
- • Prior to Madison, Best served as director at Core Spaces.
- • Founder and CEO Ryan Hanks positions the hire as central to the firm's growth strategy across wealth management channels.
Summary
Madison Capital Group, a privately held, vertically integrated real estate investment and development firm headquartered in Charlotte, North Carolina, has named Chris Best managing director to lead its expansion into the registered investment advisor (RIA) and family office channels, according to a Business Wire announcement. The appointment is intended to broaden the distribution of the firm's alternative real estate investment strategies to financial professionals and family offices.
Best will oversee capital raising initiatives, distribution strategy and team development, with a particular focus on building relationships across the RIA and family office communities. In a statement, Ryan Hanks, founder and CEO of Madison Capital Group, said Best brings "extensive experience in alternative investment distribution and a proven track record of building relationships across the wealth management industry," adding that expanding into these channels is an important part of the firm's strategy as it grows its platform.
Best has more than two decades of leadership experience in capital formation, alternative investments and fund distribution, and has directed the placement of billions of dollars across public and private fund structures, the release said. Prior to joining Madison, he served as director at Core Spaces. He previously spent more than 16 years at Sterling Capital Management, where he held the position of executive director and senior client strategist.
Best said RIAs and family offices are increasingly embracing alternative investments as they look beyond traditional stocks and bonds to address portfolio diversification, tax efficiency and long-term wealth preservation. He noted that tax-advantaged real estate strategies can play a particularly compelling role in those discussions.
Madison Capital Group operates through several subsidiaries, including Madison Communities, Go Store It Self-Storage, Madison Commercial and Madison Marinas, with a focus on the multifamily, self-storage, retail and marina sectors.
Best will oversee capital raising initiatives, distribution strategy and team development, with a particular focus on building relationships across the RIA and family office communities. In a statement, Ryan Hanks, founder and CEO of Madison Capital Group, said Best brings "extensive experience in alternative investment distribution and a proven track record of building relationships across the wealth management industry," adding that expanding into these channels is an important part of the firm's strategy as it grows its platform.
Best has more than two decades of leadership experience in capital formation, alternative investments and fund distribution, and has directed the placement of billions of dollars across public and private fund structures, the release said. Prior to joining Madison, he served as director at Core Spaces. He previously spent more than 16 years at Sterling Capital Management, where he held the position of executive director and senior client strategist.
Best said RIAs and family offices are increasingly embracing alternative investments as they look beyond traditional stocks and bonds to address portfolio diversification, tax efficiency and long-term wealth preservation. He noted that tax-advantaged real estate strategies can play a particularly compelling role in those discussions.
Madison Capital Group operates through several subsidiaries, including Madison Communities, Go Store It Self-Storage, Madison Commercial and Madison Marinas, with a focus on the multifamily, self-storage, retail and marina sectors.
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