Ascentris Receives $300M Commitment Targeting the U.S. Value-Add Property Markets
Denver, Colorado (July 25, 2020) – Ascentris, a Denver-based real estate private equity firm, announced today that it received an additional $300 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 approximately $700 million in equity. The additional commitment will specifically target industrial, multifamily and office acquisitions and developments across the United States.
“As we have seen in previous recessions, the dislocation in today’s real estate market will create great investment opportunities,” said Gabe Finke, Chief Executive Officer of Ascentris. “We appreciate OPERF’s recognition of our ability to make prudent investments in this environment, and we are very proud of their continued trust in our stewardship of their capital,” Finke added.
Ascentris is a real estate private equity firm based in Denver, Colorado. With over $2 billion in assets under management, Ascentris 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.