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Ascentis announces first acquisition by Diversified International Partners (DIP) Fund. Purchases 125,000SF Commercial Building – Sixth Avenue West, Golden, CO

Ascentis Real Estate Partners announces the first investment of its $200 million equity fund, Diversified International Partners (DIP). Finesa closed today on a $10.1MM investment called Sixth Avenue West, an approximately 125,000SF commercial office building located in the West Denver submarket.

Ascentis Real Estate Partners announces the first investment of its $200 million equity fund, Diversified International Partners (DIP). Finesa closed today on a $10.1MM investment called Sixth Avenue West, an approximately 125,000SF commercial office building located in the West Denver submarket.

The building offers an easily accessible location, located less than one minute from the 6th Avenue Freeway, which is also convenient to major arteries including I-70, C-470, I-25 and Colfax Avenue. The property is located 15 minutes west of Downtown Denver and is only minutes east of the Denver Federal Center, a General Administrative Services facility that houses approximately 6,200 employees for many Federal Agencies.
“We’re excited about this initial investment for the Diversified International Partners Fund,” said Andres Gonzalez, President of Ascentis. “The opportunity in the West Denver submarket allowed us to purchase Class A space at a significant discount to replacement cost. We have developed a strong capital improvement plan which we expect will benefit the asset and the investment.”

DIP is a real estate private equity fund developed for Latin American institutional and qualified high net worth investors. Ascentis successfully secured commitments from some of the most prominent pension fund and endowment managers in Latin America. DIP is actively seeking investments in the best markets across the country, focusing on multi-family, retail, office, and industrial/flex properties.

Ascentis Real Estate Partners
Ascentis Real Estate Partners (“Ascentis”) is a real estate private equity firm and operating company founded in 2002 and headquartered in the Washington DC metropolitan area. Finesa specializes in the acquisition, redevelopment and management of commercial assets. Historically, the firm has operated along the East Coast and Mid-West regions of the United States, with focus on multifamily and retail properties. By launching DIP in 2012, Finesa is now expanding its footprint nationally and across all four commercial asset classes: multi-family, retail, office, and industrial/flex properties.

Through its robust in-house capabilities, Ascentis is able to deliver exceptional value to its investors, clients and employees. International investors seeking capital preservation investment opportunities back Ascentis. The firm has consistently found attractively priced assets and excelled at managing capital for its investors.

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