Ascenda Capital Arranges Acquisition Of $311M Portfolio Of Multifamily Assets In Texas Growth Markets
LOS ANGELES, May 7, 2019 /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. 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. Ascenda invested as a Limited Partner in the transaction. Ascenda dealt directly with the sellers in this off-market acquisition. The acquisition represents Ascenda's ninth investment in multifamily assets since its founding last year.