Built, Owned and Operated Locally by Pinnacle and Ascend Properties
Pinnacle is deeply committed to finding workable solutions to the complex problem of providing quality housing at reasonable rental rates. Pinnacle’s unique approach has helped reinvent the false perception of some that attainable housing, by definition, is not dynamic and eventually leads to the deterioration of the neighborhoods in which it is developed.
At Pinnacle we are addressing this need by building high quality, attractive developments with a managed living environment that provides individuals, families and seniors with an improved quality of life. Our portfolio size has grown to over 8,000 units since our company’s inception. In so doing, we often revitalize decaying, urban neighborhoods and offer our residents a brighter, more promising future, all at prices our residents can afford.
Pinnacle is nationally renowned for its ability to navigate the unique requirements of the housing industry to exceed the expectations of public sector stakeholders at the federal, state and local level, while still delivering the highest level of affordability to its residents. Pinnacle enjoys the confidence of the lending and investment banking industries, with one of the strongest portfolios of properties with respect to occupancy, cash flow and program compliance in the industry. This is attributable to Pinnacle’s conservative approach to site selection, budgeting and long-range forecasting.
Pinnacle knows intimately the business of rental housing development, as its partners and principals have a combined 100 plus years in identifying opportunities, site selection, community outreach, consensus building, partnering, procuring scarce sources of public and quasi-public financing, and executing under the prescribed regulatory regime.
For more information, visit Pinnacle
As long time South Florida residents with over one hundred collective years in the South Florida real estate industry, the principles of Ascend Properties have built, managed and owned rental apartments and multi-family communities throughout Dade, Broward and Palm Beach Counties, as well as the Orlando Metroplex.
Ascend understands that your residence should do more than simply provide shelter; it should elevate every aspect of your life. Through extensive amenities, a personable management team, and a dedication to customer satisfaction, Ascend cultivates an exceptional living experience for each resident.
Principals and Founders, Wohl, Finkelstein and Borg have earned a reputation and track record for successful real estate ventures throughout the state of Florida. Due to their network of strong valued relationships and standing in the marketplace, they are often presented with attractive, viable and unique property acquisition candidates.
Over the past 36 months Ascend accumulated a portfolio of infill reuse properties in Dade, Broward and Palm Beach counties. They include: METROPOLITAN, Wilton Manors rental apartments, previously a mobile home park; POINTE 100, Boca Raton for-sale townhomes, previously a fitness center and tennis complex; BLUE LAGOON, Miami rental apartments, previously a commercial office parcel; and POINTE MIDTOWN, Palm Beach Gardens for-sale townhomes, previously a church campus. All four of these assets were off-market acquisition opportunities based on long standing local reputation and relationships. In all instances, a significant barrier to entry exists as a hedge against competition. Upon completion and sellout, these four Assets will have a value in excess of $250 million.
Ascend founders are gratified and mindful of their many valued co-venture financial partners, which combined with their own capital has allowed them to pursue and close worthy transactions in an expeditious fashion, which have resulted in a profitable outcome.
For more information, visit YesAscend.com