Ascendant Capital Partners and Culver Investment Partners complete acquisition of Elle Collection portfolio in Houston's Medical Center
Ascendant Capital Partners and Culver Investment Partners complete acquisition of Elle Collection portfolio in Houston's Medical Center
04/08/24, 1:12 PM
Location
Industry
real estate investment
real estate
hospitality
real estate
hospitality
hospitality
hospitality
Ascendant Capital Partners and Culver Investment Partners have announced the acquisition of the Elle Collection portfolio in Houston’s Texas Medical Center area for approximately $60 million. This strategic acquisition aligns with their investment focus on acquiring well-located residential assets in high-growth markets with strong fundamentals.
Company Info
Location
Los Angeles, California, United States
Company info
Ascendant Capital Partners is a vertically integrated real estate investment firm with discretionary commingled institutional funds focused on the hospitality and residential sectors. The firm’s partners are experienced in acquiring, developing, operating, and asset managing real estate assets and operating companies. Ascendant focuses on US gateway markets and high-growth cities such as New York, Boston, Miami, Houston, Phoenix, and Dallas.
Location
Dallas, Texas, United States
Company info
Culver Investment Partners (“CIP”) is a real estate investment and asset management platform specializing in multifamily acquisitions, asset management and development management of existing core-plus, value-add and distressed multifamily communities, across Texas and other select high-growth U.S cities. CIP was founded by Jeremy Basloe in 2023, who has over 15 years of experience in the multifamily sector at nationally recognized institutions and over $1 billion in transactions experience across a variety of functional areas spanning multiple geographies, specifically Texas. CIP acts as a multifamily owner/operator providing a high quality of living for their residents and strong risk-adjusted returns to their investors.