Ascend Real Estate Partners LP (New York)

Name: Ascend Real Estate Partners LP
Address: 120 West 45 Th Street, New York, NY, 10036
Telephone: 212-398-2030

Ascend Real Estate Partners LP is a mid-sized advisory firm based in New York. It manages $41 million of regulatory assets for 2 client accounts. It has been registered with the SEC as an adviser since 2018.

Ascend Real Estate Partners provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Ascend Real Estate Partners: assets under management

The assets under management (AUM) of Ascend Real Estate Partners LP is $41 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 3% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $41 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $20.5 million each.

Ascend Real Estate Partners has custody of $41 million in cash and securities for 2 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Ascend Real Estate Partners LP for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Ascend Real Estate Partners serves?

The only and largest group of clients of Ascend Real Estate Partners is pooled investment vehicles with 2 clients and $41 million of assets under management. Among the 1 most similar advisory firms, Ascend Real Estate Partners has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $41 million for 2 clients. None of the firm’s clients are foreign persons or businesses.

Ascend Real Estate Partners also advises several private funds. Namely, two private equity funds. The minimum investment commitment required of non-related persons ranges from $100,000 to $1,000,000.

Careers at Ascend Real Estate Partners LP

The company employs 8 people that are either part- or full-time employees. 63 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Rp Credit Jv Llc	Limited partner	1 Jan 2018	50% - 75%	82-4264822
Joshua Barnett Rabina	Partner, investment committee member	1 Jan 2018	Other	6905335
Maidad (Nmn) Rabina	Partner, investment committee member	1 Jan 2018	Other	6905336
Anthony Brian Tufariello	Chairman, co-chief investment officer	1 Jan 2018	Other	1530550
Joseph Liam Mcdonnell	Partner, co-chief investment officer	1 Jan 2018	Other	5349724
John Daniel Vavas	Chief compliance officer	1 Jan 2018	Other	5706545
Joseph Anthony Piscina	Chief operations officer	1 Jan 2018	Other	1383089
Ascend Real Estate Partners Gp Llc	General partner	1 Mar 2018	Other	82-4820428
Versant Ascend Holdings Llc	Limited partner	1 Mar 2018	50% - 75%	82-4831200
Zachary Abraham Weinman	Chief compliance officer	1 Mar 2019	Other	7092072

Indirect Owners

The SEC currently registers 13 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Zf Sunrise One Llc	Member	1 Oct 2016	25% - 50%	81-4283584
T2 Capital Group Llc	Member	1 Oct 2016	25% - 50%	81-4283501
Nm Sunrise Two Llc	Member	1 Oct 2016	25% - 50%	81-4283722
Ziel Levi Feldman	Sole member	1 Jan 2018	75% - 100%	6724123
Nir Nmn Meir	Sole member	1 Jan 2018	75% - 100%	6724124
Tribina Lp	Member	1 Jan 2018	75% - 100%	13-4147839
Joshua Rabina Family Gst Trust	Limited partner	1 Jan 2018	25% - 50%	75-6661182
Ellen Joyce Rabina	Trustee	1 Jan 2018	Other	6912942
Danielle Rabina Family Gst Trust	Limited partner	1 Jan 2018	25% - 50%	75-6661180
Danielle Nmn Rabina	Trustee	1 Jan 2018	Other	6913184
Talya Rabina Family Gst Trust	Limited partner	1 Jan 2018	25% - 50%	77-6661183
Talya Nmn Rabina	Trustee	1 Jan 2018	Other	6913198
The Versant Group Llc	Sole member	1 Mar 2018	75% - 100%	82-4306204

Based in New York

The principal office where Ascend Real Estate Partners LP performs its advisory services is located at 120 West 45 Th Street, New York, NY 10036, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-398-2030. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at ascendrep.com.