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Investors - JANUARY 23, 2020

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Institutional investment manager Asland Capital Partners launches with major investments

by Released

James H. Simmons III, a 20-year veteran of private equity real estate investment, announced the formation and launch of Asland Capital Partners, a private real estate investment firm specializing in multifamily, mixed-use and retail investments. The firm’s launch was catalyzed by a concurrent recapitalization by StepStone Group Real Estate, which focuses on GP-led secondaries including recapitalizations.

The closing funded Asland’s recapitalization and acquisition of two assets — Heritage at Old Town in Alexandria, Va., and Park Lane Apartments in New York City — that are reflective of Asland’s mission of creating and preserving best-in-class middle-income housing in domestic emerging submarkets.

Asland’s investment thesis is predicated on acquiring cash-flowing residential and mixed-use assets below replacement cost in underinvested submarkets that are rapidly improving due to a resurgence in urbanization and the resulting increased demand for rental homes

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