Ascentris has launched a new capital program called the Generational Capitalization Program (GCP). The program was formed specifically to acquire, develop and ultimately hold, for 10-years or longer, high-quality income-producing properties located in generational (high-barrier-to-entry) locations throughout the United States.
The program enables joint venture partners to continue to own and manage properties for the purpose of long-term holds.
In additional news, Tricia Noble, who has been with Ascentris since 2012, was recently named its newest partner, while Jacque Vedra took the helm as its chief financial officer.
In addition, Pat Kendall, who comes to Ascentris with decades of experience and relationships with investors across the United States, joined the firm to expand its investor and consultant relationships. Jeff Stonger also re-joined the team, where he will be responsible for the coverage of certain property markets in the United States and will also lead strategic growth initiatives.