Workforce Housing Being Created in Escondido Two Escondido Apartment complexes have been purchased through the California Municipal Finance Agency with plans to turn them into workforce housing with reduced rents. The complexes are Solana at Grand, 1501 E. Grand Ave., and Latitude 33, located at 515 Meander Glen. Rents in the two complexes will be… Continue reading Workforce Housing Being Created in Escondido
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Ascenda Capital acquires Two Class A Apartment Communities in Houston
Ascenda Capital is excited to announce the successful acquisition of two apartment communities, totaling 585 units, in Houston, TX. In September & October of 2021, the firm acquired Towne West Apartments and The Broadway in separate transactions. The firm purchased Towne West Apartments directly from the previous owner in an off-market transaction. The Broadway was… Continue reading Ascenda Capital acquires Two Class A Apartment Communities in Houston
Ascenda Capital Acquires Bella Vista in El Paso, TX.
Ascenda Capital is pleased to announce the closing of Bella Vista, a 96 unit property located at 9431 N Loop Dr in El Paso, TX. The property, built in 2017, is located on the Southeast side of El Paso, just 3 miles away from the United States-Mexico border. The property, purchased from the original developer,… Continue reading Ascenda Capital Acquires Bella Vista in El Paso, TX.
Build-To-Rent (BTR): Detached Housing And The Future Of Multifamily
Build-to-rent (BTR) is a relatively new asset class that has been quietly gaining traction among both boutique and institutional investors. This exciting new asset class is exactly what it sounds like: a community of high-quality detached single-family rental properties rife with shared amenities. Historically, a developer building a community of single-family homes would follow the… Continue reading Build-To-Rent (BTR): Detached Housing And The Future Of Multifamily
Ascenda Capital Acquires a Portfolio of Two Apartment Communities in El Paso, Texas.
Ascenda Capital is pleased to announce the closing of a two property portfolio located in El Paso, Texas. The 715 unit portfolio consisted of Bungalows at Hueco Estates, a 431 unit property built in 2010, and Puerta Villa Pellicano, a 284 unit property built in 2003. Both properties were purchased from the original developer, Bohannon… Continue reading Ascenda Capital Acquires a Portfolio of Two Apartment Communities in El Paso, Texas.
Ascenda Capital Arranges Acquisition Of $311 Million Multifamily Portfolio In Texas Growth Markets
LOS ANGELES, CA – Ascenda Capital, in partnership with American Landmark Apartments, has arranged the acquisition of a six-property portfolio of apartment communities across Texas consisting of 2,284 units. The rental communities, located in five of the Lone Star State’s fastest-growing markets — Austin, San Antonio, Houston, Irving and The Woodlands – were acquired from… Continue reading Ascenda Capital Arranges Acquisition Of $311 Million Multifamily Portfolio In Texas Growth Markets
Ascenda’s Matt Avital Joins Forbes Real Estate Council
Matthew Avital, Founder & Principal of both Ascenda Capital and Ascenda Funding, has been accepted into the Forbes Real Estate Council, an invitation-only community for executives in the real estate industry. Matt was vetted and selected by a review committee based on the depth and diversity of his experience. Criteria for acceptance include a track… Continue reading Ascenda’s Matt Avital Joins Forbes Real Estate Council
Portfolio Assets Spread Over Five Fast-Growing Cities
Ascenda Capital and American Landmark Apartments acquired a $311 million property multifamily portfolio with assets located in Texas’ fastest-growing markets–Austin, San Antonio, Houston, Irving and The Woodlands.