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












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 acquire 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.

Our Team

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