Madison Capital Group, a Charlotte-based vertically integrated real estate investment firm, today announced the launch of Madison Reno Hotel QOF, LLC, a qualified opportunity fund (“QOF”) focused on the redevelopment of a landmark hospitality asset located in downtown Reno.
“We believe the Reno market presents a compelling combination of favorable demographic trends, tourism demand, business migration and long-term redevelopment potential,” said Ryan Hanks, CEO of Madison Capital Group Holdings. “We are pleased to offer investors an opportunity to participate in a tax-advantaged structure tied to a transformative hospitality asset.”
Madison Reno Hotel QOF is focused on the repositioning of the original, landmark Harrah’s Resort and Casino property into a premium Class A hospitality destination featuring approximately 292 guest rooms and full-service amenities. The property is located within Reno Revival, a 1.3 million-square-foot mixed-use redevelopment project in the heart of downtown Reno that includes multifamily, retail, office, and entertainment components.
The fund is targeting approximately $36.2 million in capital commitments from accredited investors and is structured to provide eligible investors with the potential tax advantages associated with qualified opportunity zone investing, including deferral of eligible capital gains and the potential elimination of taxes on future appreciation for investments held at least 10 years, subject to applicable law and individual circumstances.
Reno welcomed approximately 3.8 million visitors in 2025, generating an estimated $5.2 billion in economic impact. Over the past five years, Reno’s population growth reached 7.2%, significantly outpacing both state and national averages.
Reno’s continued economic and population growth has been driven in part by expansion in technology, logistics, and data center industries, as well as continued migration from higher-cost West Coast markets. Reno also benefits from a diversified demand base that includes tourism, conventions, the University of Nevada, Reno, regional healthcare systems, and a growing corporate presence, as well as massive investment by technology related firms in the Reno MSA.
The redevelopment is expected to contribute to the ongoing revitalization of downtown Reno by supporting economic activity, increasing hospitality capacity, generating jobs, and enhancing the surrounding mixed-use district.
The fund has a minimum investment of $50,000 and is being offered exclusively to accredited investors pursuant to Regulation D, Rule 506(c) under the Securities Act of 1933, as amended (the “Securities Act”). As general solicitation is permitted under Rule 506(c) offerings, purchasers must meet verification requirements for validation of their accredited investor status.
Madison Capital Group, LLC is a vertically integrated real estate investment and development firm with a track record of sourcing, developing, and managing value-driven real estate opportunities across multiple sectors.
About Madison Capital Group
Madison Capital Group, headquartered in Charlotte, N.C., is a vertically integrated real estate investment and development firm with approximately $4 billion in assets under management, focused on the acquisition, development, and operation of multifamily, self-storage, recreational storage, marina, and commercial real estate assets nationwide. The firm is committed to building long-term value through disciplined investment and thoughtful development in high-growth markets, supported by a fully integrated platform that identifies opportunities and oversees execution across the real estate lifecycle. To learn more, visit madisoncapgroup.com.
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