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.

Powered by WPeMatico

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.

Powered by WPeMatico

OAKLAND, CA – Cityview, a premier multifamily investment management and development firm, has completed Portico, a 378-unit multifamily project in Oakland, California. Now welcoming residents, the eight-tale opportunity zone project is located in the quick-growing Brooklyn Basin master-plotted community.
An ideal mix of urban energy and natural serenity, Portico combines access to city living with a serene waterfront setting. The project features a mix of studio, one-, two- and three-bedroom apartments as well as townhomes. More than 80% of the units overlook the water with stunning bay views.
Portico provides 378 units of waterfront housing in one of the fastest growing and most vibrant areas of Oakland, said Sean Burton, CEO of Cityview. Cityview was able to leverage our extensive experience developing both in the Bay Area and in opportunity zones to deliver highly amenitized, ideally located housing for the community.
Portico is a controlled access community that features amenities designed to help residents relax and rejuvenate, including a rooftop sky lounge, a resort-style pool and spa deck and a park-like outdoor courtyard featuring fireplaces, outdoor games and a community garden. The community s indoor/outdoor fitness space features state-of-the-art equipment and a movement studio, while the clubhouse, community wine room, game room and leasing lobby lounge provide space for residents to connect and entertain. A pet-friendly community, Portico also features an outdoor pet spa and pet park.
Portico s units offer a Latch smart home system that includes keyless entry and smart thermostats, elevated finishes, stainless steel appliances, large closets, air conditioning, in-suite full-sized washer and dryers, luxury vinyl plank flooring and kitchens with fully tiled backsplashes as well as hard quartz countertops.
Managed WiFi will be available throughout the community, and technology-enabled workspaces as well as meeting rooms are available for those who work from home. The project also offers 331 parking spaces for residents and guests.
Designed to meet LEED Silver standards, the community s sustainability features include low-flow fixtures, Energy Star certified appliances, a solar thermal system that helps provide hot water for units and energy efficient windows.
Portico residents have access to Brooklyn Basin s extensive waterfront recreational and retail amenities, which will include a network of waterfront parks, a promenade, restored wetlands, a pedestrian and bicycle trail system, event space for concerts and art exhibits and 200,000 square feet of retail, dining and shopping space. Situated on 65 acres of formerly inaccessible industrial land, the master-plotted community features panoramic views from San Francisco to the East Bay hills.
Residents also have access to Brooklyn Basin s private transit shuttle service, which provides seamless transfer to the water ferry in Jack London Square as well as the BART stations in Lake Merritt and downtown Oakland. The project is also minutes away from Interstate 880, allowing a small commute to San Jose, San Francisco and Berkeley.
Located on the Oakland Estuary, Portico is near some of the area s most notable attractions, including Jack London Square, Oakland Museum of California, Lake Merritt, Fox Theater, USS Potomac and the Oakland Convention Center.
Cityview partnered with general contractors James E. Roberts Obayashi and Webcor, architecture firm AC Martin and interior design firm Nadia Geller Designs on Portico. Located at 37 8th Ave., the project generated more than 2,000 jobs for the community.
Cityview s other recently completed projects include Jasper – a 296-unit opportunity zone project near Downtown Los Angeles, The Parker – a 123-unit multifamily project in West Los Angeles, and Atrio – a 276-unit value-add renovation in Burbank. The firm continues to be active in both development and value-add projects across the Western U.S., including redeveloping obsolete office and retail sites in Denver and San Diego.

Powered by WPeMatico