Our Company


We are a well-capitalized, privately held commercial real estate development and investment company with offices in Madison, WI and Milwaukee, WI.

We have carefully cultivated a team of real estate professionals with a broad range of experience encompassing all aspects of real estate investment, development, and management.

 

Our Focus


 
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OFFICE

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RETAIL

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MULTIFAMILY

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HOSPITALITY

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MIXED-USE

 

Our mission is to provide attractive, risk adjusted returns to our investors by acquiring and/or developing properties that provide significant annual income as well as capital appreciation during the hold. We have a strong appetite for in-fill properties in mature markets.

Our primary target is the Southeastern Wisconsin market, with an emphasis on the cities of Milwaukee and Madison.

Our Investment Philosophy


 

Ascendant Holdings invests with the philosophy that commercial real estate performance and values are cyclical in nature. A well-capitalized, local firm has a distinct advantage during periods of weak market fundamentals and illiquidty. 

With a patient and prudent approach to acquisitions, we buy the right assets at the right price, with a long-term vision for cyclical recoveries.

 

Our Investment Strategy


 

VALUE INVESTING

We buy quality properties at conservative prices. We seek to aaquire performing, well-leased core assets at attractive yields in our target markets.

 

VALUE CREATION

We target properties with potential for significant cash flow and residual value enhancement through new development or value-added strategies.

 
 

Our Core Fundamentals


Know Your Market

 

In order to identify and appropriately analyze investment opportunities, it is imperative to have local market knowledge. 

We are comfortable doing deals "in our own backyard."

Protect Capital & Manage Risk

 

We strictly adhere to consistent, conservative underwriting principles. Each asset will have a well-defined strategy prior to acquisition, including any planned property upgrades, operational improvements, or lease-up strategies.

Returning capital to our investors represents the single, most important part of our business.

Sound Capital Structure       

 

We leverage our assets at a level that reflects the underlying risk to its cash flow. By maintaining safe levels of debt and managing debt maturities, all loans remain secure through the loan term.

Each asset has sufficient equity so that the execution of our strategic plan is neither impaired by cash shortfalls nor debt requirements.

Our Team


Matthew Prescott 

Principal

Mr. Prescott, in partnership with Eric Nordeen, founded Ascendant Holdings in 2009.

Serving as in-house counsel, Mr. Prescott manages all legal matters for the company. In addition to this, his responsibilities include business development, investor and lender relations, and general oversight of day-to-day operations of the company.

Prior to forming Ascendant Holdings, Mr. Prescott founded Prescott Development Group (PDG), where he spent 10 years acquiring and managing a retail-focused commercial real estate portfolio. PDG specialized in the development of open air retail centers.

Mr. Prescott holds both a B.S. and a J.D. from the University of Wisconsin-Madison.


Eric Nordeen  

Principal

Mr. Nordeen, in partnership with Matthew Prescott, founded Ascendant Holdings in 2009.

Mr. Nordeen's responsibilities include business development, financial analytics, investor and lender relations, and general oversight of day-to-day operations of the company.

Mr. Nordeen has a broad range of commercial real estate experience spanning the last sixteen years. Prior to forming Ascendant Holdings, Mr. Nordeen participated in the successful completion of several real estate development projects with aggregate capitalizations in excess of $200 million. He managed all facets of project execution, including raising debt and equity capital.

Before his years in real estate development, Mr. Nordeen spent two plus years in the Real Estate Valuation and Consulting Practice at PricewaterhouseCoopers in Chicago. Later, he spent two years in banking where he participated in the origination of over $250 million in real estate development loans nationwide.

Mr. Nordeen holds a B.B.A. in Real Estate and Urban Land Economics from the University of Wisconsin-Madison.


Michael Younggren

Associate

At Ascendant Holdings, Mr. Younggren's responsibilities include overseeing day-to-day operations of existing portfolio properties and seeking to identify new acquisitions. He also performs project management for properties requiring lease up, re-positioning, or redevelopment.

Mr. Younggren began his career in commercial real estate and development in 2007 with Prescott Development Group (PDG). At PDG he specialized in acquisitions, entitlement work, planning, and development. All of which contributes to his valuable expertise in the local commercial real estate markets. 

Mr. Younggren holds a B.S. in Sports Studies from the University of Minnesota.  


John Anderson

Project coordinator


Staci Duros

Office Manager

Property Portfolio

Our property portfolio focuses on office, retail, multi-family, hospitality, and mixed-use properties.


Oakbridge Commons

 

7810 - 7874 Mineral Point Road (Retail)             7941 Tree Lane (Office)                                   Madison, WI 53717

 

50,000 SF multi-tenant shopping center and 13,000 SF office building


West Bend Corporate Center

 

1201-1341 W Paradise Drive                                 West Bend, WI 53095

 

128,000 SF multi-tenant shopping center 


South Main Center

 

NEC of Main Street & Paradise Drive               West Bend, WI 53095

 

90,000 SF grocery-anchored shopping center


Wells Building

 

324 E Wisconsin Ave                             Milwaukee, WI 53202

Visit Wells Building Website

 

130,000 SF, 15-story office building located in the Milwaukee CBD

Milwaukee's only carrier hotel


105 N Main Street

 

105 - 107 N Main Street                                     West Bend, WI 53095

 

A mixed-use building in downtown West     Bend, WI containing retail and two apartments


111 N Main Street

 

111 - 117 N Main Street                                         West Bend, WI 53095

 

A mixed-use building in downtown West Bend, WI containing office, retail, and four apartments


125 N main Street

 

125 N Main Street                                               West Bend, WI 53095

 

A vacant 1920's theater in downtown West Bend


262 N Main Street

 

262 - 264 N Main Street                                   West Bend, WI 53095

A mixed-use building in downtown West Bend, WI containing retail and six apartments


Westport Corners

 

5305 County Highway M                       Waunakee, WI 53597

 

8-acre development site


Town of PolK land

 

SEC County Highways 145 & 45                 Richfield, WI 53076

 

16-acre development site

News


2015

 

Monona Picks Developer for Riverfront Project

07.02.2015

For the past couple of weeks, the city of Monona has been listed as 'delinquent' in Dane County's property tax records.

Read full story>


 

Wells Building a hub for telegrams, and now the cloud

05.09.2015

For decades, downtown Milwaukee's Wells Building was the city's Western Union hub, dating to a time when telegrams were the main form of long-distance communication.

Read full story>


2014

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Pick 'n Save-anchored West Bend center sells for $24 million to Inland

07.18.2014

Inland Real Estate Income Trust Inc. this month bought the Pick ’n Save-anchored West Bend shopping center for $24 million.

Read full story>


2013

 

Investors refresh Wells Building's classic style with modern touches

12.14.2013

At the dawn of the 20th century, nonagenarian lumber baron Daniel Wells watched as a 15-story office tower bearing his name was built in downtown Milwaukee.

Read full story>


2012

 

Ascendant Holdings pays $11.5M for West Bend shopping center

10.01.2012

The Boston Store-anchored West Bend Corporate Center sold for $11.5 million to Madison-based Ascendant Holdings LLC, which is growing its presence in southeast Wisconsin.

Read full story>


 

Matt Prescott Purchases West Bend Theatre

05.12.2012

There is a new owner for the historic downtown West Bend theatre.

Read full story>

 


2011

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Wells Building in Milwaukee Sold

10.04.2011

Madison-based Ascendant Holdings LLC bought the 15-story Wells Building in downtown Milwaukee from Zilber Property Group and is planning to begin renovation work on the building in the coming months.

Read full story>


Contact Information


 

Madison Office

Ascendant Holdings, LLC     2001 W. Beltline Highway   Suite 200                             Madison, WI 53713               608.250.2099 

 

Milwaukee Office

Ascendant Holdings, LLC     324 E. Wisconsin Avenue     Suite 1010                             Milwaukee, WI 53202         414.299.4880