12/27/2023 0 Comments Artisan at lake wyndemere![]() multifamily assets.Īscenda's extensive market knowledge and experience enables the company to identify markets positioned for long-term growth by analyzing factors that include job creation, economic stability and occupancy growth. Occupancy is 96.8%.Īscenda Capital is a privately-held real estate investment and lending firm focused on the strategic acquisition and financing of U.S. Las Colinas Blvd., Irving, renamed The Blvd. The 256-unit Lakepointe at Las Colinas, 5353 W.The 576-unit Hyde Park at Wells Branch, 2801 Wells Branch Pkwy., Austin, renamed Beck at Wells Branch.The 350-unit Hyde Park at Ribelin Ranch, 9900 McNeil Dr., Austin, renamed Asten at Ribelin ranch.San Antonio, renamed Alon at Castle Hills. The 306-unit Manor at Castle Hills, 1835 Lockhill Selma Rd.The 476-unit Hyde Park at Enclave, 12951 Briar Forest Dr., Houston, renamed Hayden at Enclave.The 320-unit Hyde Park at Lake Wyndemere, 2109 Sawdust Rd., The Woodlands, renamed Artisan at Lake Wyndemere.We specialize in value-add, core-plus and LIHTC multifamily properties." "We focus on primary and secondary markets throughout the U.S. "At Ascenda Capital, we use our innovative strategies in identifying opportunities to purchase real estate with long-term financial upside," said Matthew Avital, founder of the Los Angeles, Calif.-based firm. It plans to add another $2 billion in properties to its growing multifamily portfolio this year. The company owns approximately 25,000 apartments throughout the Southeast and Texas. The firm with which Ascenda partnered, American Landmark, is among the fastest-growing multifamily owner-operators in the U.S. ![]() It is evidence of the company's continuing commitment to building its multifamily portfolio. The acquisition represents Ascenda's ninth investment in multifamily assets since its founding last year. Ascenda invested as a Limited Partner in the transaction.Īscenda dealt directly with the sellers in this off-market acquisition. 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 Provident Realty Advisors. LOS ANGELES, /PRNewswire/ - 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.
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