Totaling 234 units, the two properties will be converted to affordable housing. Ascenda Capital has acquired two multifamily communities in California’s East Bay for $86.5 million. The properties, totaling 234 units, are located in the East Bay cities of San Leandro and Hayward, and were sold by Trion Properties. Using value-add renovations and operational strategies,… Continue reading Ascenda Capital Expands California Footprint
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Workforce Housing Being Created in Escondido
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
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
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