Ascentris Receives $200M Commitment Targeting the U.S. Value-Add Property Markets
Denver, Colorado (May 16, 2023) – Ascentris, a Denver-based real estate private equity firm, announced today that it received an additional $200 million commitment from the Oregon Public Employees Retirement Fund (“OPERF”). The commitment is an expansion of the existing relationship that was originally formed in 2013 and now consists of over $1.3 billion in equity. The additional commitment will specifically target industrial, multifamily and office acquisitions and developments across the United States.
“The dislocation in the current market will create tremendous real estate opportunities across the United States in the next few years,” said Gabe Finke, Chief Executive Officer of Ascentris. “We are extremely excited about the timing of this additional commitment and are very proud of OPERF’s continued trust in our stewardship of their capital,” Finke added.
Ascentris is a real estate private equity firm based in Denver, Colorado that manages a series of discretionary institutional vehicles targeting both transitional and generational value-added investments across the major property types and geographic regions within the United States. Since 2003, Ascentris’ management team has relied on an investment philosophy and organizational structure that results in its investors getting to opportunities ahead of the market while receiving an unmatched level of service, transparency, and accountability. Ascentris is a privately held and management-owned SEC registered investment adviser that maintains an unwavering commitment to put its investors’ needs first.