HOUSTON, TX – Ascendant Capital Partners, a vertically integrated real estate investment and operating platform, and Culver Investment Partners, a multifamily investment platform focused on existing core-plus and value-add multifamily communities, 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 acquisition marks Ascendant and CIP s first deal together and the first investment for CIP s new platform.
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. This strategic acquisition aligns with Ascendant and CIP’s investment focus on acquiring well-located residential assets in high-growth markets with strong fundamentals.
We are excited about this latest addition to our portfolio, said Russell Gimelstob, Founder and Chief Executive Officer of Ascendant. The Medical Center is a dynamic submarket that has multiple demographic demand drivers, including a growing job market, concentration of world-class medical facilities and research institutions, and is home to medical professionals, researchers, and support staff, all of whom need access to high quality housing. We look forward to partnering with CIP to deepen our presence in Houston and enhance the value of these properties through our operational expertise. Looking ahead, we expect to remain active deploying equity and structured capital solutions across the hospitality and residential sectors.
We are pleased to buy this portfolio that provides needed housing in Houston s quick growing Medical Center neighborhood, said Jeremy Basloe, Founder and Managing Partner of CIP. The portfolio has three differentiated offerings catering to the needs of the residents in the submarket. We believe by acquiring this portfolio at such an attractive basis and implementing our operational and capital-intensive business plot, we can provide residents with a high quality of living while also delivering returns to our investors. We are keen to continue to capitalize on the current market dislocation to do attractive and accretive acquisitions across Texas and the Sunbelt regions.
The Elle Collection benefits from its prime location within the Medical Center, one of the largest medical districts in the world. 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 plot to enhance the resident experience at the Elle Collection properties.

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HOUSTON, TX – Clearwater Living, a real estate and property management company dedicated to the ownership, operation and development of high-quality senior living communities, announced the acquisition of The Watermark at Houston Heights, a 220-unit, luxury helped living and memory support community in Houston. Clearwater Living has rebranded the community as Clearwater at The Heights.
“We are very pleased to add Clearwater at The Heights to our portfolio of Class A senior living communities,” said Danielle Morgan, Clearwater Living’s president and COO. “Each of our communities epitomizes our steadfast commitment to offering residents the essential emotional, physical and social experiences that allow them to thrive. We are excited to expand into Texas and bring Clearwater’s passion for empowering seniors to Houston Heights, a historic neighborhood known for maintaining its sense of community in the heart of one of the country’s largest cities.”
Located at 1245 W. 18th Street between ETC Jester Boulevard and Durham Drive, the seven-tale property consists of 201 independent or helped living residences and 19 memory care apartments with sophisticated and contemporary finishes. Floor plans include private studios and one- and two-bedroom layouts.
The community also boasts a variety of amenities that Clearwater’s five-star, resort-style living is known for, including 24-hour concierge service; housekeeping; four different restaurant experiences featuring chef-driven cuisine and fresh ingredients; an outdoor heated pool that can be used for aerobics classes and therapy; a salon with an on-site spa; a golf simulator; an art room; and fitness rooms with yoga and other wellness classes.
Located in the nation’s fourth largest city, the Houston Heights area is recognized for its rich architectural heritage and close-knit community ambiance. As an integral part of Houston, this neighborhood benefits from its vibrant cultural landscape, world-renowned culinary scene, and a variety of living options making it an ideal location for seniors seeking to participate in an active, culturally immersive experience embodying the essence of Southern hospitality.
Clearwater is dedicated to fostering healthy living and empowering lifestyles within the community. Residents of Clearwater communities regularly delight in access to a licensed nurse onsite, round-the-clock compassionate care partners, medication coordination, and regular monitoring, among other comprehensive care services. Through a collaboration with local care providers, Clearwater also offers physical therapy, occupational therapy, and speech-language pathology services. These offerings epitomize Clearwater’s philosophy of Empowered Living, where individuals experience enriching emotional, physical, and social interactions in a stimulating, yet comfortable setting.
Clearwater Living actively buys, develops and operates a full range of senior housing communities throughout the western United States. Clearwater at The Heights is the company’s first Texas location. Clearwater currently features eleven communities across California, Nevada and Arizona, with more properties currently under development.

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CHICAGO, IL – The Saint Grand, a co-development and joint venture between Mavrek Development, Double Eagle Development, Luxury Living, and GW Properties, started welcoming its first residents. The mixed-use development is located in the heart of Chicago’s Streeterville neighborhood. The Saint Grand includes 248 Class A luxury apartments at 218 E. Grand Ave, 45,000 square feet of offices at 535 N. St Clair, and 8,000 square feet of street-level retail at the corner of Grand Avenue and N. St. Clair.
“The Saint Grand’s apartments fuse vibrant Chicago living into sophisticated design, seamlessly integrated with the thriving Streeterville community,” said Aaron Galvin, Founder of Luxury Living. “After the first few weeks of leasing, we are thrilled by the initial traction.”
The Saint Grand’s apartments feature a mix of floorplans ranging from studios to 2 Bedrooms + Dens, emphasizing in-unit workspaces and private outdoor space to accommodate post-pandemic renter preferences. A suite of community amenities includes a state-of-the-art fitness center, co-working spaces with ten private study/work rooms, upscale lounges, and a rooftop pool deck scheduled to open in May.
“The Saint Grand offers highly requested amenities, including in-unit workspaces to accommodate work-from-home and private outdoor space,” said Galvin. Using real-time rental trends to inform this property’s architecture, design, and operations has been incredibly helpful. Initial feedback is proving our development thesis resonates with renters.”
In addition to the multifamily offering, the property includes The Offices at The Saint Grand, 45,000 square feet of flagship Class A office space located at 535 N. St Clair. The two full floors of office space also include private outdoor space, modern ventilation systems, and other intentional post-pandemic health safety elements. Office tenants will benefit from accessing and enjoying the apartment amenities.
“As one of the most active development groups in Chicago, we’re thrilled with the market’s reaction to The Saint Grand,” remarked Adam Friedberg, CEO at Mavrek. “In the coming weeks, we will be unveiling a lineup of exciting retail tenants poised to elevate the neighborhood’s vibrancy and enrich the experiences of both residents and office tenants.”
Double Eagle President Andrew Juiris added, “The Saint Grand is already exceeding expectations. We couldn’t be more pleased with the level of luxury and quality the property offers residents, shoppers, and employers.”
Along with the development team, The Saint Grand is the result of collaboration among industry leaders NORR (architecture), Lendlease (construction), Harken Interiors (interior design), and Cushman and Wakefield, who will oversee residential and commercial property management.

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