TRACK RECORD

Ascendant Capital, Inc., and its subsidiaries and affiliates, have a successful track record in the following real estate and healthcare business activities:

Real Estate:

• Developed its real estate business following the downturn in the US real estate market in 2008
• Built a large network of originators of real estate transactions, including financial institutions, special servicers, brokers  of multifamily assets and bulk sellers of single family REO properties
• Purchased single family REO property in the northern Virginia market, renovated it, and sold it within a few months in the retail market, generating approximately 25% annualized net return
• In 2009 established a wholly owned subsidiary in Costa Rica to make loans secured by single family and commercial (multi-family and retail) real estate. 
• Established Ascendant RE1 LLC in 2016 to  invest in multifamily real estate in Texas with successful exit of a Dallas property, recently at a 4x multiple over a 4.6 year hold.  Subsequently purchased Regalia Bella Terra Apartments, a Class A asset in Katy, Texas.
• Through  its affiliate Evergreen RE Management LLC manages real estate multifamily assets in Texas; implemented  a challenging turnaround in a Dallas asset,  and is successfully managing Regalia Bella Terra Apartments and asset managing Magnolia Bishop Arts Apartments.
• Through its owner affiliate, owns Magnolia Bishop Arts Apartments, a Class A asset in Dallas, Texas; and a condominium in New Jersey which has experienced significant market appreciation.  Sold a NY condominium in October 2023 for 3x the original investment.

Health care:

Ascendant Capital, Inc. developed businesses to reduce health care costs:

• Ascendant Capital, Inc. launched and dominated the healthcare securitization market providing advisory services to healthcare finance companies in a joint venture with a major Wall Street firm, which raised capital.    
• This new financing technique made it possible for smaller health care providers and others that did not previously have access to capital to get loans secured by receivables due from third party insurance and Medicare/Medicaid, and separately health care equipment.
• Provided advisory services to community hospitals, surgery center systems, independent diagnostic imaging companies, emergency room operators, and healthcare software companies.
• Assisted leading operators in turning around a community/specialty hospital in Oklahoma