Case study

Ascend on 75

Bellevue, NE

Ascend on 75 is a contemporary apartment community, located just 10 minutes south of Midtown Omaha and Eppley Airfield. The 107-home property features a mix of studio, one, two, & three-bedroom homes.

The property is equipped with post-pandemic amenities that residents are seeking, including a fitness center with interactive equipment, package lockers, smart-home technology, outdoor open spaces, detached garages, and pet-friendly living.

Located two blocks from Highway 75, Ascend on 75 is quickly accessible to community amenities and services.

The property has significantly outperformed our initial underwriting with stabilized NOI 10% higher than projected, primarily due to a favorable lease-up schedule. The following returns are as of Q1 2024.

1.6x

Multiple

24.2%

Estimated Net Leveraged IRR

16%

of Investor Capital Returned