Real estate investors in the Chicago & Phoenix metro areas

Providing quality solutions for asset management, multifamily investments, and acquisitions.


3914-24 W ALTGELD ST property

3914-24 W Altgeld St

Logan Square, Chicago
8-unit Multifamily
Acquired in October 2019

1947 W Chicago property

1947 W Chicago Ave

West Town, Chicago
6-unit Mixed Use
Acquired in February 2020

The Scottsdale Hayden - Fringe Capital Partners

The Hayden

Scottsdale, AZ
25-unit Value Add
Acquired in March 2020


Phoenix, AZ

16-unit Multifamily

Acquired in November, 2020

Oberon Place

Phoenix, AZ

24-unit Value Add

Acquired in February, 2021

230 N Marsh

Reno, NV

8-unit Value Add

Acquired in June, 2021

About Us

Investing in Chicago & Phoenix metro area real estate

Fringe Capital Partners and their predecessors were founded in early 2015 with the goal of providing generational multifamily investment vehicles through sponsor commitment, strategic partnerships and multiplatform management. In early 2020, Fringe expanded to the Phoenix/Scottsdale market. Leveraging 20+ years of combined experience in general contracting, property management, and real estate acquisition, Fringe is well situated to acquire, reposition, and maintain multifamily assets through vertically integrated teams in target markets.

The Team

Josh Meister, Principal
Josh Meister, Principal

Josh is a 2018 graduate from the University of Denver’s Daniels College of Business. In 2017, while attending DU, Josh joined MadHern LLC, a vertically integrated property management firm. Gaining the skills and understanding of property management, Josh used his experience as a catalyst to co-found Fringe Capital Partners in early 2019. Since his tenure at Fringe, Josh has become a licensed broker and has led the acquisition team to building a multimillion-dollar real estate portfolio in just under 18 months.

Michael Madonis, Principal
Michael Madonis, Principal

Over a 17-year career, Michael has successfully developed and managed business platforms in real estate development/acquisition, property management, and fitness. From 2003-2009, Michael worked for his families Chicago based development firm, Madonis Development. Holding a position as a project manager, Michael led ground-up development projects up to $5 million. Embracing his entrepreneurial spirit, Michael developed a fitness concept generating $5.6 million in revenue and climbing in 2010. Using his development experience, Michael saw an opportunity in 2015 and co-founded MadHern LLC, a Chicago based property management company. After four years of managing 300+ units, Michael co-founded Fringe Capital Partners.

Cheryl MacDonald, Director of Operations
Cheryl MacDonald, Director of Operations

Cheryl comes to us with over 25 years of real estate industry experience.  Her most recent position was at Kass Management. The portfolio that she oversaw contained anywhere from 800-1,000 condo, commercial and residential units at any given time. Cheryl has demonstrated a history of being a strong administrative office support professional. With her extensive knowledge in property management and the associated software, she has become an incredibly valuable asset to the Fringe team and its future growth.

Ben Segal, Project Manager - MadHern LLC
Ben Segal, Project Manager – MadHern LLC

A recent graduate of DePaul University, Ben is something of a ‘jack of all trades’. He has a background in construction and property management, providing him with a strong foundation for continuing to learn more about the real estate and property management industries. His most recent position was at Peak Properties, a Chicago-based property management company. During his time at Peak, Ben learned the ins and outs of property and project management. His position at Fringe will consist of overseeing construction projects and managing the day to day property management duties for portfolio properties. Ben is also an avid outdoorsman and enjoys mountain biking, fishing, and camping.