News

September 16, 2025

Ascension at Manistee Ranch Acquired

Atlantic Creek Real Estate Partners, LLC (“Atlantic Creek”) is pleased to announce the joint venture acquisition of Ascension at Manistee Ranch (“Ascension” or the “Property”), in Glendale, Maricopa County, AZ. The acquisition of the Property closed on September 16, 2025. Ascension is comprised of a 71-unit, class A, Build-to-Rent townhome apartment community consisting of 19 total buildings. The investment plan is to acquire the Property at a discount to replacement cost and take advantage of its convenient location that offers excellent access to several of the Phoenix MSA’s major employment hubs.

Ascension features a well-connected location within the Phoenix MSA that is approximately 3.5 miles west of Interstate 24 and a half mile east of Highway 60, approximately 10 miles west of Downtown Phoenix, and 16 miles northwest of Phoenix Sky Harbor International Airport. Furthermore, the Property is approximately five miles south of the Thunderbird Medical Center and approximately 20 miles south of TSMC’s $165 billion semiconductor manufacturing campus currently in development in northwest Phoenix.

Atlantic Creek has offices in New York, NY and Palm Beach, FL and primarily targets direct and joint venture investments in recently constructed multi-family commercial real estate at a discount to replacement cost, in addition to opportunistic and value add multi-family and selectively within industrial, student housing, self-storage, and other property types, primarily located on the East and West Coasts of the U.S., Texas, and other select U.S. markets.

For further information on new acquisitions and joint venture opportunities, please contact Jon Trucano, Senior Vice President, in our Palm Beach, FL office at (561) 275-7702.