Los Angeles, CA, August 17, 2023 - Ascent Equity Group, a multifamily syndication investing firm founded three years ago by Dr. Peter Kim, Dr. Pranay Parikh, and Dr. Mithulan Jegapragasan, with a quarter of a billion dollar portfolio, is thrilled to announce their acquisition of Cabana Encanto, a 286-unit apartment community built in 2022 in the thriving neighborhood of Goodyear, AZ.
Ascent Equity Group specializes in the acquisition, renovation, and management of highly-vetted multifamily communities in value-add markets. The firm seeks to create a superior real estate investment syndication experience by providing accredited investors with the opportunity to invest in stabilized and value-add multifamily deals across the United States. Cabana Encanto is positioned as a highly desirable rental option and has the potential to provide investors with above-market returns. The property's location provides convenient access to major employment centers and retailers, while also offering all the luxury amenities and features renters are looking for.
Ascent fought hard to find and acquire this rare gem in the current market because it is a recession-resistant deal. Encanto is a 2022 new construction that already has cash flow. This de-risks unforeseen out-of-pocket expenses, which leaves more money to return to investors. Cabana Encanto is a prime example of Ascent Equity Group’s commitment to helping investors unlock the potential of value-add multifamily deals.
They have planned a series of renovations to upgrade the property, from new outdoor improvements to adding washers and dryers in every unit, providing reserved parking, and offering bundled services. These strategic improvements will drastically increase the property's return on investment (ROI) and help investors maximize their returns. Additionally, the property will be managed by a highly experienced third-party operator with Ascent's diligent oversight and optimizations.
The experience and market knowledge of Ascent Equity Group’s leadership team allows them to identify opportunities like Cabana Encanto to help investors reach their financial goals. They are committed to delivering exceptional results for investors and building long-term meaningful relationships.
Ascent Equity approaches investing the same way as medicine, with unwavering integrity. Not only is Ascent dedicated to providing unparalleled results for their investors, but a core part of their ethos is ensuring they create desirable homes for their tenants through ethical investment and business practices.
As a company started by doctor dads, they are highly family focused and determined to help their peers build sustainable, legacy wealth for future generations. But they don’t only want the payoff to be in the future. Ascent relentlessly pursues ideal deals to help their investors gain financial independence, so they can enjoy their time how they choose.
Ascent Equity is the passive investing group that Doctors can trust.
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Contact
Ascent Equity Group
Dr. Pranay Parikh
(605) 646-3286
www.ascentequitygroup.com
