Off-market insider buying at Madison Pacific Property (MPC)

Off-market insider buying at Madison Pacific Property (T:MPC)

Madison Venture Corporation, a 10% Holder, acquired 296,100 Common Shares Class B Voting on a direct ownership basis at a price of $3.983 through a private transaction on August 28th, 2020. This represents a $1,179,366 investment into the company's shares and an account share holdings change of 14.4%.

Madison Pacific Property is in the Real Estate Development & Operations Sub Industry Group under the Financials Sector.

Madison Pacific Properties Inc. (Madison) is a Canada-based company, which is engaged in the business of acquiring, developing and managing revenue from industrial, office and retail real estate properties. The Company's total leasable area of the industrial, retail and office properties is 1.78 million square feet. Madison provides third-party property management in addition to managing its portfolio of investment properties. These services include tenant services and relationships, building operations, leasing, lease administration, property accounting and reporting and project management services. Leasing services include working with designated leasing agents and performing thorough tenant screening. Property Accounting and Reporting services include monthly reporting and annual budgeting. Project Management services include tenant improvement project oversight and special asset improvement projects. Madison Pacific Properties Inc. (MPC) has below median officer and director direct ownership compared to its small-cap peers in the market, based on our estimate using SEDI data. According to recent regulatory filings, one insider has invested a total amount of $1,179,366.