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 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
We buy quality properties at conservative prices. We seek to aaquire performing, well-leased core assets at attractive yields in our target markets.
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.
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.
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.
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.
Our property portfolio focuses on office, retail, multi-family, hospitality, and mixed-use properties.
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
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
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
Wells Building a hub for telegrams, and now the cloud
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.
Pick 'n Save-anchored West Bend center sells for $24 million to Inland
Inland Real Estate Income Trust Inc. this month bought the Pick ’n Save-anchored West Bend shopping center for $24 million.
Investors refresh Wells Building's classic style with modern touches
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.
Ascendant Holdings pays $11.5M for West Bend shopping center
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.