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 Team

Matt Prescott

Matthew Prescott


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  


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 eighteen 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.

Kathy Bailey

Director of Operations

Ms. Bailey joined Ascendant Holdings as Director of Operations in 2017.

Her responsibilities include overseeing the financial, human resource and overall operations for the firm.

Ms. Bailey has a history of managing growth for independent companies from her Director role at Isthmus Publishing and Red Card Media. 

Ms. Bailey holds a B.A. in Journalism from the University of Wisconsin-Madison.

Michael Younggren


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