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Ascendant Development launches with focus on class A multifamily communities in U.S.
Investors - AUGUST 8, 2022

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Ascendant Development launches with focus on class A multifamily communities in U.S.

by Andrea Zander

Two commercial real estate executives have teamed up to form a new multifamily development company, Ascendant Development.

The new company will focus primarily on the development of luxury class A multifamily communities in key U.S. markets.

David Kulkarni and Richard Owen will serve as co-founders and partners in Ascendant and have a strategic plan to target specific high-growth areas across the United States.

“Our target markets for Ascendant include high-growth areas with strong organic fundamentals, including Houston, Dallas, Austin, Nashville, Phoenix, and Las Vegas,” said Kulkarni. “We will utilize our extensive experience in each multifamily product type, including build-to-rent, garden, midrise, and high-rise, to pursue attractive risk-return investment opportunities for our partners and internal investment capital.”

Ascendant has a pipeline of more than 3,600 units in various stages of development and is actively seeking additional devel

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