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Ascendant Capital Partners and Culver Investment Partners complete acquisition of Elle Collection portfolio in Houston's Medical Center

PRIVATEApr 08, 2024

Acquiring Company

Ascendant Capital Partners

Acquired Company

Elle at the Medical Center

Los AngelesDallasHoustonHoustonHoustonReal EstateReal Estate InvestmentHospitalityReal EstateHospitalityHospitalityHospitality

Description

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.

Quick answer

Ascendant Capital Partners and Culver Investment Partners are acquiring Elle at the Medical Center, Vie at the Medical Center and Plaza Townhomes at the Medical Center, announced April 8, 2024. Ascendant Capital Partners is based in Los Angeles, California, United States.

How much did Ascendant Capital Partners pay for Elle at the Medical Center?
The deal value was not disclosed.
What does Ascendant Capital Partners do?
Ascendant Capital Partners is a vertically integrated real estate investment firm with discretionary commingled institutional funds focused on the hospitality and residential sectors.
Where are Ascendant Capital Partners and Elle at the Medical Center based?
Ascendant Capital Partners is based in Los Angeles, California, United States. Elle at the Medical Center is based in Houston, Texas, United States.

Source: Fundz verified event record.

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Company Information

Company

Ascendant Capital Partners

Location

Los Angeles, California, United States

About

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.

Company

Culver Investment Partners

Location

Dallas, Texas, United States

About

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.

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Frequently asked

Who acquired Elle at the Medical Center?

Elle at the Medical Center was acquired by Ascendant Capital Partners, based in Los Angeles. The deal was reported on April 8, 2024. Ascendant Capital Partners is a vertically integrated real estate investment firm with discretionary commingled institutional funds focused on the hospitality and residential sectors. Ascendant Capital Partners is privately held and operates in Real Estate.

When did Ascendant Capital Partners acquire Elle at the Medical Center?

Ascendant Capital Partners's acquisition of Elle at the Medical Center was reported on April 8, 2024. 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. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Elle at the Medical Center do?

Welcome to Elle at the Medical Center, where luxury meets convenience in the heart of Houston, Texas. Our one, two, and three-bedroom apartment homes boast open-space floor plans, expansive windows, and upscale features like soaking tubs and custom cabinetry. It is privately held, operating in Hospitality, and is based in Houston.

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