Ascendant Capital Partners and Culver Investment Partners Acquire Portfolio of Multifamily Properties in Houston’s Fast Growing Texas Medical Center Neighborhood
Ascendant Capital Partners ("Ascendant"), a vertically integrated real estate investment and operating platform, and Culver Investment Partners ("CIP"), a multifamily investment platform focused on existing core-plus and value-add multifamily communities, today announced the acquisition of the Elle Collection portfolio in the Texas Medical Center area, a populous and growing submarket of Houston, TX, for approximately $60 million.
- Ascendant Capital Partners ("Ascendant"), a vertically integrated real estate investment and operating platform, and Culver Investment Partners ("CIP"), a multifamily investment platform focused on existing core-plus and value-add multifamily communities, today announced the acquisition of the Elle Collection portfolio in the Texas Medical Center area, a populous and growing submarket of Houston, TX, for approximately $60 million.
- The Elle Collection comprises three multifamily assets – Elle at the Medical Center, Vie at the Medical Center, and Plaza Townhomes at the Medical Center – totaling 470 units.
- The Medical Center is a major economic driver for Houston, attracting a strong tenant base of medical professionals and students.
- The partnership will seek to implement a strategic capital improvement plan to enhance the resident experience at the Elle Collection properties.