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You are an investor who wants to add commercial real estate to your portfolio. Maybe you have a commercial property you’d like to buy alone or with others. You understand the benefits of owning, operating, and optimizing the value of real estate: Cash flow, capital appreciation, tax benefits, and generational wealth.
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Ascent Advisory Services
If you are an investor who wants to acquire commercial real estate, individually or in partnership with others, Ascent can create a partnership in which Ascent evaluates suitable properties, structures and negotiates asset acquisition, and manages and repositions the asset to align with investors’ return objectives.
If you are a developer who is seeking suitable property for your development or needs assistance with certain phases of your project, Ascent can be your expert advisor or joint venture partner.
WHY WORK WITH ASCENT FOR PARTNERSHIP EXECUTION?
You are a unique investor. You want opportunities, solutions, and service that fit
you. You are not a one-size-fits-all kind of person.
EXTENSIVE NETWORK FOR PROPERTY SOURCING
Ascent has built an extensive network to identify and source suitable properties, some of which are not even on the market. Our scope is national with a focus on the Midwestern and Western states.
We tailor your property search to meet your criteria - as expansive as you need it to be. You won’t be limited to the narrow geographical scope offered by commercial real estate brokers.
EXPERIENCE LEADING PARTNERSHIP DEALS
Ascent can serve as a partner to lead property evaluation, deal structuring, financing, and closing for a property you want to acquire for development. We know how to obtain optimal financing.
Our established network includes access to robust network of lenders nationwide. We can conduct due diligence, underwrite the asset, and create comprehensive loan packages to obtain the best terms for our developer clients. We know how to employ leverage to maximize the benefit to our clients.
COMMERCIAL REAL ESTATE INVESTMENT EXPERTISE
With expertise and experience in commercial real estate investment from property identification to disposition, Ascent can partner with you to advise or execute phases of the development process that you prefer to outsource.
Frequently Asked Questions
In a joint venture with Ascent, you will receive several benefits to include: access to suitable land and properties to meet your development objectives, expertise in property identification, evaluation, financing, and closing.
You contact us. We discuss your development plans and investment criteria in depth. Ascent evaluates potential property options, identifying ones that meet your development objectives. Together we decide on how to move forward, outlining what parts of the development process you will handle and the ones for which Ascent will be responsible. As co-General Partners, we collectively determine how the deal will be structured.
You contact us. We discuss your investment criteria in depth. Ascent evaluates potential investment options, identifying ones that meet your personal and financial objectives. Together we decide on how to move forward. Ascent serves as the General Partner, handling the day-to-day tasks to acquire, stabilize, and manage the asset. You serve as the Limited Partner, gaining the benefits of ownership while minimizing your time commitment and risk exposure.
When partnering on a property, the limited partner(s) and general partner have complementary roles.
The limited partner(s) contributes capital to acquiring the property. They do not sign on the debt, limiting their exposure to the amount of capital contributed. As passive investors, they do not need to take action on the day-to-day management of the property.
The general partner (sometimes known as the “GP” or “sponsor”) does the research to identify and evaluate the property, and manages the structuring, financing, and acquisition. The GP signs on the debt, often providing a personal guarantee for the debt portion of the financing. The GP takes responsibility for the day-to-day management of the asset. You are permitted to exchange multiple properties into one or more replacement properties.
Past Partnership Experience
With expertise and experience in commercial real estate investment from property identification to disposition, Ascent offers you the benefits of commercial real estate investment - without the time commitment and headaches of managing the day-to-day operations of a property.
On behalf of a group of investors, Ascent led the sourcing, acquisition, and repositioning of a commercial property in Colorado Springs that included two retail buildings on two parcels of land. The first building had 15,157 square feet of in-line retail space. The second building was a standalone 1,100 square foot structure with an adjacent drive-through coffee kiosk.
We knew we could increase the property value through repositioning and purchased the two buildings and two parcels for $80 per square foot. We immediately sold the standalone building and parcel for $275 per square foot.
We then conducted a full renovation of the 15,157 square foot building adding a new stone and stucco exterior façade, new roof top units, and a new exterior steel fabricated sign rail. We also completed a major asbestos remediation. All but one tenant vacated. We placed new tenants in the remaining units at rental rates that were $4 per square foot higher than previous rents.
We recently received a valuation of $211 per square foot on this building. We completed a cash out refinance with the intention to hold the asset. Based on the current valuation, the project is projected to deliver a 15% IRR with 1.86x equity multiple.
Sean Sjodin
Managing Partner
Join us on our Ascent to new heights within the ever-changing commercial real estate landscape. To receive the latest news and information served right to your inbox, please Connect with Us.
Get In Touch
4600 S. Syracuse St.
#900, Denver, CO 80237
720-465-6779
ascent@myascentcre.com