Ascendant Capital Partners and Culver Investment Partners completed the acquisition of Elle Collection for $60m.

Ascendant Capital Partners, a private equity investment management firm, and Culver Investment Partners, a real estate investment and asset management platform, completed the acquisition of Elle Collection, a portfolio of multifamily properties in the Texas Medical Center area, for $60m. “We are excited about this latest addition to our portfolio. The Medical Center is a dynamic submarket that has multiple demographic demand drivers, including a growing job market, concentration of world-class medical facilities and research institutions, and is home to medical professionals, researchers, and support staff, all of whom need access to high quality housing. We look forward to partnering with CIP to deepen our presence in Houston and enhance the value of these properties through our operational expertise. Looking ahead, we expect to remain active deploying equity and structured capital solutions across the hospitality and residential sectors,” Russell Gimelstob, Ascendant Founder and CEO.