Madison Capital Group Holdings, LLC
Madison Communities has acquired Venture at Long Shoals, an 86-unit Class A multifamily community in Arden, North Carolina, expanding the company’s presence in the Asheville metropolitan area. The acquisition closed Nov. 25, reinforcing Madison’s footprint among the most in-demand apartments in Asheville and the surrounding region.
“Venture at Long Shoals represents the type of high-quality, well-located asset that aligns with our long-term investment strategy,” said Collin Ross, senior vice president of portfolio management for Madison Communities. “The Asheville market continues to show durable fundamentals and strong demand drivers, making this an attractive opportunity for both performance and stability. We see meaningful upside in the years ahead and are confident this community will be a strong addition to our portfolio.”
Completed in 2024, Venture at Long Shoals offers a boutique living experience with modern architecture, elevated interiors and access to outdoor recreation. The community sits near Lake Julian and offers long-range views of the Blue Ridge Mountains, making it a strong option for residents seeking luxury apartments in Asheville and the Arden–South Asheville corridor. Amenities include a fitness and yoga studio, coworking and conference spaces, a resident clubhouse, secure package rooms and outdoor gathering areas.
Operationally, the company said the community will benefit from Madison’s resident-focused service model and on-the-ground expertise. As part of the transition, Venture at Long Shoals will be rebranded as Madison Long Shoals to support a cohesive, recognizable resident experience across the portfolio. This acquisition also strengthens Madison Communities’ presence in the Asheville MSA, marking its third asset in the market alongside Burton Hills and The Harrison.
“Venture at Long Shoals is a well-crafted community in a highly desirable part of the Asheville market, and we’re excited to bring it into the Madison portfolio,” said Rachael Anderson, vice president of operations for Madison Communities. “Our team is focused on delivering a seamless, high-quality living experience from day one, and this property’s thoughtful design and strong location provide an excellent foundation for that. We look forward to elevating operations, supporting our residents and creating long-term value for both the community and our investors.”
Located along Long Shoals Road, the community is minutes from Asheville’s medical corridor, major employment centers, highly rated schools and the dining and retail options in Biltmore Park. Steady population growth, limited new supply, and continued demand for Asheville apartments underscore the area’s long-term appeal.
The acquisition reflects Madison Communities’ strategy to invest in high-quality, durable communities across the Southeast, delivering well-located assets that meet resident needs and support consistent investor performance.
About Madison Communities
Madison Communities is a multifamily development and investment company focused on delivering thoughtfully designed, well-located communities across the Southeast and Sun Belt. The company’s vertically integrated platform spans development, construction, and operations, enabling high-quality execution and a consistent resident experience. Madison Communities currently operates 26 communities with eight additional projects under construction. To learn more, visit livemadisoncommunities.com
