Crec Real Estate And Rincon Capital Partners Acquire Ascent 1829
04/13/22, 2:08 PM
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professional services
travel and tourism
real estate
financial services
CREC Real Estate, LLC ("CREC") and Rincon Capital Partners ("Rincon") today announced they have jointly acquired Ascent 1829 Apartments ("Ascent"), a 180-unit, Class B multifamily community located in North Phoenix, AZ. Terms of the transaction were not disclosed.
Company Info
Company info
CREC Real Estate, LLC (CREC) is a private equity real estate investment firm. Based in Columbus, Ohio, the firm sponsors real estate investments through its private fund and private placement offerings and has more than $1 billion of real estate assets under management. Employing a value-add strategy, the firm specializes in multifamily investment in secondary cities throughout the United States. Since CREC's inception in 2001, it has closed on 57 investments across 19 states.