Ascendant has significant expertise in multifamily real estate:
• Perform the required research to identify markets with solid fundamentals, including rent growth potential, economic, demographic, supply, tenant laws, location, and crime
• Rigorous underwriting skills, based on experience to identify opportunities and issues
• Thorough due diligence - disciplined approach to asset acquisitions to ensure successful exit, and will identify and address all risks in the asset
• Hands on property management experience at the property level, including the successful turnaround of a distressed, mismanaged Dallas asset during the Pandemic
• Significant expertise in turn around has given Ascendant insights into asset management of both stable and distressed assets:
Knowledge of what to look for to avoid future problems in stable assets
Knowledge of how to resolve problems in distressed assets
• Skillful use of technology for property management, including working with best in class property management systems – Yardi and ResMan. Disciplined approach to continuous oversight, audits and system controls
• Relationship with a broad network of originators in target markets, including multifamily brokers, special servicers, management companies and financial institutions
• Hands on involvement of founder/owner, who has a solid 25+ years of track record in investment banking and successful investing - see bio
• Relationships with financial institutions, lenders, special servicers, equity investors and capital markets
• Partnership with best in class management to manage assets acquired by Ascendant, and build strong teams.
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