Madison Investments

What Madison Investments does

Madison Investments is a family-owned and operated real estate development company headquartered in Washington, DC, founded in 2006 by brothers Barmak (Barry) and Sia Madani. The firm specializes in mixed-use urban development, with a portfolio spanning luxury condominiums, multi-family apartment buildings, and ground-floor retail, with notable emphasis on LEED-certified sustainable design and historic building restoration combined with new construction (e.g., Elysium 14, Collection14). Over its operating history, Madison has delivered 47 projects totaling $526 million in project value, comprising 1,294 residential units and 42,000 square feet of retail space, while managing $330 million in assets under management. The company retains a vertically integrated model spanning acquisition, design oversight, construction management, and ongoing asset and property management (e.g., Bell Partners handles Collection14 operations).

Madison generates revenue through a mix of one-time condo unit sales to end buyers, recurring rental income from retained multi-family assets, retail lease income, and asset management fees on its $330M AUM. The firm's customer base is segmented across high-end residential buyers, multi-family tenants, retail tenants (including Lululemon, Jeni's Splendid Ice Creams, and Orange Theory Fitness at flagship projects), and institutional capital partners such as Capital Management and Snell Properties. The firm differentiates through award-winning design (2022 CNU Charter Award, Delta Associates awards), community engagement via art events and nonprofit partnerships, and a hands-on founder-led approach. Madison has historically concentrated operations in the Washington DC metro area but announced expansion in 2023 into Austin, TX and Nashville, TN as part of a national growth strategy. The leadership team includes CEO and Co-founder Barry Madani, Co-founder and President Sia Madani (also co-founder of Lyon Bakery), and COO and Principal Omeade Hekmat.

Name

Madison Investments

Legal name

Madison Investments LLC

Website

https://madisoninvestments.net

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

11–50 employees

Short description

Washington DC-based family-owned real estate developer founded in 2006, specializing in luxury mixed-use urban projects including LEED-certified apartment buildings and boutique condominiums. Delivered 47 projects valued at $526 million with $330 million AUM, recently expanding to Austin and Nashville.

Ownership category

akta.pro rank

Product category

Mixed-Use Real Estate Development

NAICS

Other Activities Related to Real Estate (531390), Real Estate Property Managers (53131), Rental and Leasing Services (532)

SIC

Real Estate Dealers (For Their Own Account) (6532), Investors, Nec (6799)

akta.pro primary industry

Residential Real Estate Asset Management (BPAJAMAA)

akta.pro secondary industry

Residential Investment Property Brokerage (SFR/Small Multifamily) (BPAJAAAE)

Keywords

• Real estate development
• Mixed-use properties
• Luxury condominiums
• Urban development
• Historic restoration

Headquarters

HQ city

Washington

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Marketing or Sales, Infrastructure, Technology or R&D

Revenue model

1. Real Estate Development and Sales: Company develops mixed-use urban properties including luxury condominiums and multi-family apartments, selling units to end buyers. Revenue is generated through the sale of residential and retail units in developed projects.
2. Multi-family Rental Income: Company retains ownership of some multi-family properties (like Collection14 with 233 apartment units) generating recurring rental income from residential tenants.
3. Asset Management: Company manages $330 million in assets under management, generating management fees and returns for investors.
4. Retail Lease Income: Ground floor retail spaces in mixed-use developments are leased to tenants. Elysium 14 retail tenants included Lululemon, Jeni's Splendid Ice Cream and Orange Theory Fitness.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Madison Investments is a family-owned real estate development company that develops, owns, and manages mixed-use urban luxury residential and retail properties, primarily in the Washington DC metro area. The company sells condominium units to individual buyers, retains ownership of select multi-family apartment buildings for rental income, leases ground-floor retail spaces to commercial tenants, and provides asset management services to investors and capital partners on completed projects.

Product overview

Madison Investments is a family-owned real estate development company specializing in mixed-use urban development projects across the USA. The company's portfolio includes luxury residential developments across the Washington D.C. metro area, featuring properties such as Collection14 (233-unit mixed-use with LEED Gold certification), Elysium 14 (56-unit luxury apartments with historic renovation and LEED Silver certification), Elysium Logan (32-unit luxury condos with LEED Gold certification), Lawrence House, 11Q, Kipling House, 1020 Monroe, Hailey House, and Thomason House. Projects are characterized by their focus on sustainable design, community engagement, and premium finishes. The company has expanded its operations to include new developments in Austin, TX and Nashville, TN.

Differentiator

Problem solved

Functional benefit

Brands

• Elysium: The Elysium brand represents the most exclusive line of luxury properties by Madison Investments, including Elysium 14 and Elysium Logan.

Products and services

• Collection14 Large-scale mixed-use development on DC's 14th Street corridor featuring 233 apartment units, 25,000 square feet of retail, 5,000 square feet of office space, and a 4,000 square foot multipurpose events and arts space. LEED Gold certified.
• Elysium 14 Luxury 56-unit apartment residence at 1925 14th Street NW combining careful renovation and restoration of two existing historic buildings with a newly constructed 9-story LEED certified apartment building and ground-floor retail. Retail tenants included Lululemon, Jeni's Splendid Ice Creams, and Orange Theory Fitness.
• Elysium Logan 32-unit luxury condo development with LEED Gold certification, including 3 penthouse units with private outdoor decks and 7 units with private elevator access.
• Lawrence House 30-unit luxury condo property overlooking Meridian Hill Park, featuring 2 penthouse units with private roof decks and an expansive rooftop with chef's outdoor kitchen. Winner of Delta Associates Best Boutique Condo Building award.
• 11Q 15-unit luxury condo building in Logan Circle with 13 two-bedroom/two-bath units and 4 penthouse units featuring Porcelanosa kitchens and baths.
• Kipling House 49-unit condo development located at 900 11th Street SE in Washington, DC.
• 1020 Monroe 28-unit condo building with 7,500 SF of retail space housing The Coupe restaurant/coffee lounge. Winner of Delta Associates Best Boutique Condo Development in Mid-Atlantic Region award.
• Hailey House 25-unit exclusive condo building near DC's 11th Street hip strip with high-end finishes.
• Thomason House 13-unit luxury condo building with 8 one-bedroom and 5 two-bedroom units, including 3 units with private outdoor space.
• Asset Management Services Madison Investments manages $330 million in assets under management, providing management services and returns to investors and capital partners across its portfolio of mixed-use residential and retail properties.

Quantifiable outcome

• 47 projects completed with $526 million total value
• +2 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Twelve partnerships are on record, tiered core, major and minor.

• Perkins Eastman DCcoreStrategic or Co-development PartnerLead architect for Collection14 project - a landmark 233-unit apartment development with 25,000 SF retail and 5,000 SF office. Won 2022 CNU Charter Award for the project.
• Bell PartnersmajorStrategic or Co-development PartnerProperty management partner for Collection14 project, handling ongoing management of the 233-unit residential and retail property.
• PGN ArchitectscoreStrategic or Co-development PartnerArchitect for Elysium 14 project - a 56-unit LEED certified luxury apartment residence with retail on the ground floor.
• ADGmajorStrategic or Co-development PartnerInterior design firm for Elysium 14 luxury apartment project, responsible for high-end interior finishes and design.
• HOAR ConstructioncoreStrategic or Co-development PartnerGeneral contractor for Elysium 14 project - responsible for construction of the 9-story LEED certified building combined with historic restoration of two buildings.
• No Kings CollectiveminorStrategic or Co-development PartnerArt collective partnered with Madison Investments and Events DC to host the Umbrella 2.0 Art Show at Collection14 featuring over 100 artists in the 25,000 SF event space.
• Events DCminorStrategic or Co-development PartnerGovernmental events authority that partnered with Madison Investments and No Kings Collective for the Umbrella Art Show event at Collection14.
• Sigal GCScoreStrategic or Co-development PartnerContractor for Elysium Logan project - an 8-story, 32-unit luxury condo development.
• EDCcoreStrategic or Co-development PartnerContractor for 1020 Monroe project - a 28-unit condo building with 7,500 SF retail that won Delta Associates Best Boutique Condo Development award.
• JES ArchitecturecoreStrategic or Co-development PartnerArchitect for Thomason House project - a 13-unit luxury condo building.
• McGovern DesignmajorStrategic or Co-development PartnerInterior design firm for Thomason House project.
• ADG+GcoreStrategic or Co-development PartnerArchitect and design firm for 11Q project - a 15-unit luxury condo building in Logan Circle.

Scale indicators6 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• JBG SMITH: NYSE-listed REIT and developer focused on the DC metro's mixed-use, residential, and office properties. Operates at much larger scale than Madison but competes for the same urban infill sites and tenant base.
• Toll Brothers: Large publicly traded luxury homebuilder active in urban and high-density condo product nationwide. Provides a market-listed read on luxury for-sale residential demand relevant to Madison's condo pipeline.
• Bozzuto Group: Large Mid-Atlantic-based multifamily developer, owner, and manager with deep DC presence. Overlaps Madison on luxury apartment development, mixed-use product, and third-party property management.
• Related Companies: National large-scale developer of luxury mixed-use and multifamily product (e.g., Hudson Yards). Benchmarks premium urban infill development and master-planned mixed-use at institutional scale.

Direct peers

• The NRP Group: Vertically integrated multifamily developer, owner, and property manager. Operates in similar urban and high-growth Sun Belt markets (including Nashville), making it a relevant comp for Madison's expansion strategy.
• EYA: Washington DC-area residential and mixed-use developer focused on urban infill, walkable neighborhoods, and contextual design—a near-perfect analog to Madison's DC boutique condo and multifamily playbook.
• Carmel Partners: National urban multifamily investor and developer focused on high-quality rental housing in supply-constrained, high-growth metros. Direct competitor for luxury Class-A urban product similar to Collection14 and Elysium 14.
• Donatelli Development: Boutique DC-area developer active in urban mixed-use and multifamily projects. Comparable in size, product type, and DC market focus to Madison Investments.
• Insight Property Group: DC-area residential and multifamily developer active in urban infill and mixed-use product. Similar size and product mix to Madison in the Washington market.
• Akridge: Washington DC-based commercial real estate developer with significant mixed-use and multifamily activity in the District. Direct geographic competitor for DC urban development sites.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/madison-investments-llc

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Madison Investments