Madison Retail Box Conversion REIT, Inc.: Form D filings, $62.1M sold to 285 investors (2019 to 2026)

Q: What is Madison Retail Box Conversion REIT, Inc.?

Madison Retail Box Conversion REIT, Inc. is a Maryland corporation that filed a Form D with the SEC on November 17, 2023 in the REITS and Finance industry group. The filing claims Rule 506(b), Section 3(c), 3C.5 for an offering of equity and pooled investment fund interests.

Q: Is Madison Retail Box Conversion REIT, Inc. legit?

AltStreet does not rate legitimacy; it reports the public record. Madison Retail Box Conversion REIT, Inc. filed a Form D with the SEC on November 17, 2023 claiming Rule 506(b), Section 3(c), 3C.5. A Form D is a notice of an exempt offering, not a review or approval of it. The newest notice reports $62,104,355 sold to 285 investors. AltStreet's enforcement record (SEC, FINRA and state actions) shows no action naming the issuer as of today. Before investing, confirm the filing on EDGAR, check the seller's registration on FINRA BrokerCheck, and read the offering documents, which a Form D does not include.

Q: Is Madison Retail Box Conversion REIT, Inc. registered with or approved by the SEC?

No. A Form D is a notice that an issuer is selling securities under an exemption from registration, and the SEC does not review, approve, or pass on the merits of the offering. The filing shows that Madison Retail Box Conversion REIT, Inc. claimed Rule 506(b), Section 3(c), 3C.5 and disclosed the items the form requires, such as the amount sold, the minimum investment, related persons, and anyone paid to sell the securities. It does not verify the issuer's claims or its business.

Q: How much has Madison Retail Box Conversion REIT, Inc. raised?

Madison Retail Box Conversion REIT, Inc. reported $62,104,355 sold from 285 investors of a $75,000,000 total offering as of the Form D filed November 17, 2023.

Q: Who can invest in Madison Retail Box Conversion REIT, Inc.?

The offering relies on Rule 506(b), which permits sales to accredited investors and to no more than 35 non-accredited investors who meet a sophistication standard, and prohibits general solicitation. The filing reports no non-accredited investors. The minimum investment accepted from an outside investor is $50,000.

Q: What is the minimum investment in Madison Retail Box Conversion REIT, Inc.?

The Form D lists $50,000 as the minimum investment accepted from any outside investor as of November 17, 2023. Issuers can waive their own minimums, and the figure does not include fees.

Q: Who is selling Madison Retail Box Conversion REIT, Inc. and how are they paid?

The Form D names Coastal Equities, Inc (CRD 23769), associated with None; Avi Bialo (CRD 6165479), associated with Arete Wealth Management, LLC; Brian Sanguinet (CRD 5927901), associated with Arete Wealth Management, LLC; Randall Larson (CRD 5862743), associated with Arete Wealth Management, LLC and 11 others as recipients of sales compensation soliciting in AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, IA, ID, IL, IN, KS, KY, LA, MD, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, WY.

Q: Who is behind Madison Retail Box Conversion REIT, Inc.?

The Form D lists 6 related persons: Ryan L. Hanks, executive officer, director; Timothy L. Snodgrass, executive officer, director; Joe F. Teague, Jr., executive officer, director; Benjamin F. Carr, executive officer; Go Store It Advisor, LLC F. Go Store It Advisor, LLC, promoter; Madison Capital Group, LLC F. Madison Capital Group, LLC, promoter. Form D Item 3 requires executive officers, directors, and promoters of the issuer to be listed.

Q: Where is Madison Retail Box Conversion REIT, Inc. located?

The issuer's address on its SEC filings is 6805 Morrison Boulevard, Suite 250, Charlotte, NC 28211. Its phone number of record is (704) 998-8646. It is organized under the laws of Maryland.

Q: How long is the Madison Retail Box Conversion REIT, Inc. offering open?

The issuer indicated that the offering is intended to last more than one year. An issuer must amend its Form D annually while a continuing offering stays open; 3 amendments are on record for this CIK.

AltStreetEDGAR DatabaseMadison Retail Box Conversion REIT, Inc.
SEC filing record
Primary Source · SEC.gov
Madison Retail Box Conversion REIT, Inc.2019 vintageRule 506(b), Section 3(c), 3C.5Filing record
Built from the SEC filing index the day the filing landed. The figures below are the issuer's own from Form D; AltStreet's analysis, sponsor link and data flags follow when the entity is enriched.
Raised
$62M
Investors
285
Min Invest
$50,000
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What this filing shows·Every sentence is a value as filed on SEC Form D
Madison Retail Box Conversion REIT, Inc. is a Maryland corporation that first filed a Form D on December 11, 2019 and most recently amended it on November 17, 2023 in the REITS and Finance industry group. The offering claims Rule 506(b), Section 3(c), 3C.5 and covers equity and pooled investment fund interests. Madison Retail Box Conversion REIT, Inc. reported $62,104,355 sold from 285 investors of a $75,000,000 total offering as of the Form D filed November 17, 2023. The offering relies on Rule 506(b), which permits sales to accredited investors and to no more than 35 non-accredited investors who meet a sophistication standard, and prohibits general solicitation. The filing reports no non-accredited investors. The minimum investment accepted from an outside investor is $50,000. The Form D names Coastal Equities, Inc (CRD 23769), associated with None; Avi Bialo (CRD 6165479), associated with Arete Wealth Management, LLC; Brian Sanguinet (CRD 5927901), associated with Arete Wealth Management, LLC; Randall Larson (CRD 5862743), associated with Arete Wealth Management, LLC and 11 others as recipients of sales compensation soliciting in AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, IA, ID, IL, IN, KS, KY, LA, MD, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, WY. The issuer's address of record is 6805 Morrison Boulevard, Suite 250, Charlotte, NC 28211.
Critical Disclosures
What the filings and the regulators have said about this entity that a reader should know first. Each line links to its source. The history, the same event across other issuers, and alerts are in the terminal.
Reporting lapsed · Form D · last filing November 17, 2023
Offering declared to continue beyond a year; annual amendment 13+ months overdue An issuer that stops filing is the case the going-concern flag cannot catch: the report that would have carried it was never filed.
Timeline 
Each line is a fact as filed. The history behind it, the same event across other issuers, and an alert on the next one:Open in the terminal Watch this issuer 
EDGAR Filing Data
Form D — Primary Source
View on SEC.gov 
CIK Number0001796108
Entity NameMadison Retail Box Conversion REIT, Inc.
ExemptionRule 506(b), Section 3(c), 3C.5
What the exemption meansRule 506(b) of Regulation D: securities may be sold to an unlimited number of accredited investors and up to 35 non-accredited investors who meet the rule's sophistication standard, without general solicitation or advertising. Section 3(c) of the Investment Company Act of 1940: the issuer is a pooled investment vehicle relying on an exclusion from registration as an investment company.
Entity TypeCorporation
Jurisdiction of OrganizationMaryland
Issuer Address6805 Morrison Boulevard, Suite 250, Charlotte, NC 28211
Phone(704) 998-8646
Former NamesGo Store It Income & Growth REIT, Inc. (until December 11, 2019)
Industry / Fund TypeREITS and Finance
Investment Company ActExcluded under Section 3(c)
Securities TypeEquity, Pooled investment fund interests
First Sale DateNovember 30, 2020
Filing DateNovember 17, 2023
Accession Number0001796108-23-000002
Total Offering Amount$75,000,000
Total Amount Sold$62,104,355
Amount Remaining$12,895,645
Total Investors285
Non-Accredited InvestorsNone
Minimum Investment$50,000
Offering DurationIntended to last more than one year
Revenue RangeDecline to Disclose
State (Issuer Address)NC
Amendment Count4 filings on record
Filings on Record
Every filing AltStreet's ledger holds for this CIK, newest first. Each opens the SEC archive folder.
D/ANovember 17, 20230001796108-23-000002D/ANovember 8, 20230001796108-23-000001D/AAugust 19, 20200001796108-20-000002DDecember 11, 20190001796108-19-000001
In the Terminal
Filing events
0
none on file
Critical / warning
0 / 0
0 watch · 0 info
Statements extracted
0
none on file
NAV prints
0
none on file
Offering chains
1
dark
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1 offering timeline: velocity, share raised, first-sale lag, stalled flags
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Related Persons (Form D)
Executive officers, directors, and promoters listed on the SEC Form D filing. Source: SEC.gov.
Ryan L. Hanks
Executive Officer, Director · Charlotte, NC
Timothy L. Snodgrass
Executive Officer, Director · Charlotte, NC
Joe F. Teague, Jr.
Executive Officer, Director · Charlotte, NC
Benjamin F. Carr
Executive Officer · Charlotte, NC
Go Store It Advisor, LLC F. Go Store It Advisor, LLC
Promoter · Charlotte, NC
Madison Capital Group, LLC F. Madison Capital Group, LLC
Promoter · Charlotte, NC
Placement Agents and Sales Compensation (Form D)
Who the issuer reported paying to sell the securities (Form D Item 12), with the FINRA registration number the filer gave. Source: SEC.gov.
Coastal Equities, IncCRD 23769 on BrokerCheck 
Associated broker-dealer: None · WILMINGTON, DE · Soliciting in AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, IA, ID, IL, IN, KS, KY, LA, MD, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, WY
Avi BialoCRD 6165479 on BrokerCheck 
Associated broker-dealer: Arete Wealth Management, LLC (CRD 44856) · Los Angeles, CA · Soliciting in CA
Brian SanguinetCRD 5927901 on BrokerCheck 
Associated broker-dealer: Arete Wealth Management, LLC (CRD 44856) · St. Louis, MO · Soliciting in AK, CA, CO, FL, IL, IN, MN, NE, NY, OH, OR, RI, TX, UT, WA
Randall LarsonCRD 5862743 on BrokerCheck 
Associated broker-dealer: Arete Wealth Management, LLC (CRD 44856) · St. Louis, MO · Soliciting in AR, CA, CO, DC, FL, GA, ID, KS, MI, MO, NY, PA, SC, TX, WA
Jonathan LesterCRD 6231570 on BrokerCheck 
Associated broker-dealer: Arete Wealth Management, LLC (CRD 44856) · St. Louis, MO · Soliciting in AZ, CA, FL, IL, KS, OH
Arkadios CapitalCRD 282710 on BrokerCheck 
Associated broker-dealer: None · ATLANTA, GA · Soliciting in AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, WY
Center Street Securities, IncCRD 26898 on BrokerCheck 
Associated broker-dealer: None · NASHVILLE, TN · Soliciting in AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VA, WA, WI, WV, WY
Assen KuklinCRD 6241473 on BrokerCheck 
Associated broker-dealer: Dempsey Lord Smith, LLC (CRD 141238) · Port Charlotte, FL · Soliciting in FL, GA, MA, NJ, NY
Clark WeeksCRD 5717984 on BrokerCheck 
Associated broker-dealer: Dempsey Lord Smith, LLC (CRD 141238) · ATLANTA, GA · Soliciting in CA, CO, GA, VA
Cory ShufordCRD 5674524 on BrokerCheck 
Associated broker-dealer: Dempsey Lord Smith, LLC (CRD 141238) · Cramerton, NC · Soliciting in AL, CO, FL, IA, MD, MI, NC, NJ, NY, SC, VA
Ray SwansonCRD 869187 on BrokerCheck 
Associated broker-dealer: Intercarolina Financial Services, Inc. (CRD 19475) · GREENSBORO, NC · Soliciting in NC, NJ, TN, VA
Robert HorningCRD 2311640 on BrokerCheck 
Associated broker-dealer: McDermott Investment Services, LLC (CRD 154926) · Los Angeles, CA · Soliciting in AZ, CA, CO, FL, HI, IA, ID, IL, KS, LA, MT, NV, NY, SD, TN, TX, VA
Michael L. WhitakerCRD 1739854 on BrokerCheck 
Associated broker-dealer: Newbridge Securities Corporation (CRD 104065) · THE VILLAGES, FL · Soliciting in AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, WY and outside the United States
Francisco J Rivera FernandezCRD 2303039 on BrokerCheck 
Associated broker-dealer: Pariter Securities, LLC (CRD 127836) · GUAYNABO, PR · Soliciting in CA, FL, GA, MA, MD, NC, NY, PA, PR
Charles W BinghamCRD 4877997 on BrokerCheck 
Associated broker-dealer: Sunbelt Securities, Inc. (CRD 42180) · HOUSTON, TX · Soliciting in AR, CA, CO, FL, IL, LA, PA, SC, TX, VA, WA
Questions About Madison Retail Box Conversion REIT, Inc.
Each answer is built from the values on the SEC filing and the AltStreet ledger, not from the issuer's marketing.
What is Madison Retail Box Conversion REIT, Inc.?Madison Retail Box Conversion REIT, Inc. is a Maryland corporation that filed a Form D with the SEC on November 17, 2023 in the REITS and Finance industry group. The filing claims Rule 506(b), Section 3(c), 3C.5 for an offering of equity and pooled investment fund interests.
Is Madison Retail Box Conversion REIT, Inc. legit?AltStreet does not rate legitimacy; it reports the public record. Madison Retail Box Conversion REIT, Inc. filed a Form D with the SEC on November 17, 2023 claiming Rule 506(b), Section 3(c), 3C.5. A Form D is a notice of an exempt offering, not a review or approval of it. The newest notice reports $62,104,355 sold to 285 investors. AltStreet's enforcement record (SEC, FINRA and state actions) shows no action naming the issuer as of today. Before investing, confirm the filing on EDGAR, check the seller's registration on FINRA BrokerCheck, and read the offering documents, which a Form D does not include.
Is Madison Retail Box Conversion REIT, Inc. registered with or approved by the SEC?No. A Form D is a notice that an issuer is selling securities under an exemption from registration, and the SEC does not review, approve, or pass on the merits of the offering. The filing shows that Madison Retail Box Conversion REIT, Inc. claimed Rule 506(b), Section 3(c), 3C.5 and disclosed the items the form requires, such as the amount sold, the minimum investment, related persons, and anyone paid to sell the securities. It does not verify the issuer's claims or its business.
How much has Madison Retail Box Conversion REIT, Inc. raised?Madison Retail Box Conversion REIT, Inc. reported $62,104,355 sold from 285 investors of a $75,000,000 total offering as of the Form D filed November 17, 2023.
Who can invest in Madison Retail Box Conversion REIT, Inc.?The offering relies on Rule 506(b), which permits sales to accredited investors and to no more than 35 non-accredited investors who meet a sophistication standard, and prohibits general solicitation. The filing reports no non-accredited investors. The minimum investment accepted from an outside investor is $50,000.
What is the minimum investment in Madison Retail Box Conversion REIT, Inc.?The Form D lists $50,000 as the minimum investment accepted from any outside investor as of November 17, 2023. Issuers can waive their own minimums, and the figure does not include fees.
Who is selling Madison Retail Box Conversion REIT, Inc. and how are they paid?The Form D names Coastal Equities, Inc (CRD 23769), associated with None; Avi Bialo (CRD 6165479), associated with Arete Wealth Management, LLC; Brian Sanguinet (CRD 5927901), associated with Arete Wealth Management, LLC; Randall Larson (CRD 5862743), associated with Arete Wealth Management, LLC and 11 others as recipients of sales compensation soliciting in AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, IA, ID, IL, IN, KS, KY, LA, MD, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, WY.
Who is behind Madison Retail Box Conversion REIT, Inc.?The Form D lists 6 related persons: Ryan L. Hanks, executive officer, director; Timothy L. Snodgrass, executive officer, director; Joe F. Teague, Jr., executive officer, director; Benjamin F. Carr, executive officer; Go Store It Advisor, LLC F. Go Store It Advisor, LLC, promoter; Madison Capital Group, LLC F. Madison Capital Group, LLC, promoter. Form D Item 3 requires executive officers, directors, and promoters of the issuer to be listed.
Where is Madison Retail Box Conversion REIT, Inc. located?The issuer's address on its SEC filings is 6805 Morrison Boulevard, Suite 250, Charlotte, NC 28211. Its phone number of record is (704) 998-8646. It is organized under the laws of Maryland.
How long is the Madison Retail Box Conversion REIT, Inc. offering open?The issuer indicated that the offering is intended to last more than one year. An issuer must amend its Form D annually while a continuing offering stays open; 3 amendments are on record for this CIK.
What is Madison Retail Box Conversion REIT, Inc.'s revenue?The issuer declined to disclose its revenue range on the Form D, which the form permits.
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Capital raise figures, investor counts, and filing dates are sourced directly from SEC EDGAR Form D primary documents via the SEC EDGAR submissions API and full-text search index. EDGAR entity profiles and deal-level data are reviewed by AltStreet analysts with backgrounds in corporate finance and securities law — cross-referenced against offering circulars, audited financial statements, and primary regulatory filings before publication. Platform-provided information, where present, is clearly labeled and does not affect EDGAR data or AltStreet editorial coverage. Platforms may request factual corrections for demonstrable inaccuracies by contacting [email protected]. This page does not constitute investment advice.