Ascentris utilizes a research-driven and value-oriented approach to target asymmetric risk-adjusted absolute returns through investment in transitional and generational real estate assets exclusively within the United States. Its approach enables Ascentris to create a diversified portfolio that maximizes profits with a long-term perspective and short-term potential.
Below are the key factors to Ascentris’ investment approach:
Advanced Research & Analytics
Ascentris combines its proprietary research, predictive analytics, and local market expertise to identify secular trends, thematic investment strategies and mis-priced investment opportunities throughout the real estate cycle.
Ascentris focuses exclusively on Office, Multifamily, Industrial, and Retail property sectors within the United States. As a result, it is adept at identifying relative value across property type and region. Ascentris moves capital into property sectors or markets early within a fundamental recovery and rotates capital out once those property sectors or markets have fully recovered.
Ascentris seeks to generate attractive risk-adjusted returns through the acquisition, redevelopment and development of high-quality, well-located institutional real estate that has been mismanaged, under-utilized or is experiencing a dislocation in value. Once an investment’s business plan has been executed and value has been maximized, Ascentris typically sells that asset, subject to favorable capital markets. “Buy, Fix, Sell, and Repeat.”
Ascentris designed itsapproach to risk management to (i) avoid unquantifiable risks, (ii) quantify and assess range-bound risks and (iii) proactively manage risks that can result in an outsized negative value. As a result, Ascentris manages risk through researched-based sourcing, quantitative analysis, thorough due diligence, portfolio diversification, and proactive asset management.
Transitional and Generational Strategies.
Ascentris targets both short-term and long-term investment strategies across its various investment vehicles, which include both closed-end and evergreen funds. The strength of a particular location, quality of the real estate and underlying submarket dynamics are the primary factors in determining the investment strategy and appropriate capital structure.
Investment Management Process
Ascentris utilizes a Cradle-to-Grave approach that ensures each team member is responsible for their investments from sourcing through disposition. This approach provides higher accountability and better alignment of interests between the company and its investors and promotes an environment that encourages the growth of each professional and stability among the team. Cradle-to-Grave emphasizes quality investing rather than quantity investing.
Ascentris’ sourcing strategy leverages its expansive partner network that has been established & maintained through six market cycles. Through its local operating partners, Ascentris is able to access a robust pipeline of lightly-marketed and off-market investment opportunities, enabling tactical allocation of capital.
Alignment of interest is core to Ascentris. It is the foundation of both the capital structure and joint venture structure that Ascentris implements on each investment in order to withstand downturns and unforeseen events, provide transparency and accountability, and successfully align the interests of all parties.
In a market that is highly competitive, the need for speed is paramount. Ascentris keeps a flat, nimble organizational structure where the entire team is located in one central location, enabling more efficient execution and the ability to move faster and make quicker, more accurate decisions throughout the life of an investment.