REAL ESTATE INVESTMENT STRATEGY

Ascendant has a winning strategy to generate significant returns to its investors.   Ascendant will utilize its rigorous underwriting skills, grounded in experience, to identify opportunities:

•  The best returns are realized when the entry price is right.  Ascendant believes that the real estate market is in the mature phase of the cycle, and is poised for a significant price correction due to various factors including over-supply, rising interest rates and a possible deep recession.   Ascendant will opportunistically invest in value assets

•  Will utilize its proven experience in managing assets, and turning them around if distressed   

•  Perform the required research to identify markets with solid fundamentals, including rent growth potential, economic, demographic, supply, tenant laws, location, and crime

•  Target acquisitions in Texas and Florida, which have benefited from sound economic policies, industrial diversity and strong labor market, growing net inward migration and pro landlord laws 

•  Target the markets in these states with the best rent growth, for example, Dallas, Katy, Austin, San Antonio in Texas; Tampa Bay area and Orlando in Florida

•  Select good locations with low crime in Class A areas, and selectively Class B areas transitioning to Class A

•  With respect to property age, acquire primarily Class A (post 2005) and  selectively Class B properties (post 1980) 

•  Utilize its solid network of brokers, special servicers, loan originators and its management company partners to procure good investment opportunities

•  Will hire affiliate Evergreen RE Management to manage each asset under a sub-management agreement with a leading management company in the local market,  The management focus will be to hire outstanding teams for each asset and implement Ascendant's management strategy.