In March 2024, Ascent and Housing Impact Fund II acquired a 240-unit near Pineville-Matthews Rd. Ascent Pineville prior to the acquisition, rent started at $1,400 for a one-bedroom unit and $1,675 for two bedroom apartment. Rates will drop significantly and range between $200 and $1,200 for one-bedroom units and between $350 and $1,450 for two-bedroom units, depending on household income.

In February 2024, Ascent and Housing Impact Fund II acquired a 92-unit apartment near Providence Rd and Highway 51. Swan Run apartments are positioned where the average household income is 150,00/year within a 1-mi radius, and surrounding single-family homes are mostly valued in the $650K-1M range. The partnership placed a long-term deed restriction so units remain affordable to 30-80% AMI households and will invest in significant upgrades to major building systems.

In September 2023, Ascent and Housing Impact Fund II acquired a 266-unit apartment community on Woodlawn Road near Park Road Shopping Center. The partnership placed a long-term deed restriction so units remain affordable to 30-80% AMI households and will invest in significant upgrades to major building systems.

In November 2022, Ascent and Housing Impact Fund acquired a 292-unit apartment community on Central Avenue near the Plaza Midwood neighborhood. The partnership placed a long-term deed restriction on the property which will offer rents affordable to households earning between 30-80% AMI.

In December 2021, Ascent and Housing Impact Fund acquired a 265-unit apartment community located in the Shannon Park neighborhood near Plaza Midwood and NoDa. The partnership will invest in a substantial rehabilitation of the 1960s-era property, one of the most affordable apartment communities in Charlotte. Ascent will operate the property under a long-term deed restriction which will dedicate all units to households earning between 30-80% AMI.

In September 2021, Ascent and Housing Impact Fund acquired a 44-unit apartment community located in the Cotswold neighborhood. The property is zoned for quality schools and walkable to a grocery store, shops and multiple bus routes and is just a 5-minute drive from major shopping destinations and employment centers. The partnership placed a long-term deed restriction on the property which will offer rents affordable to households earning between 30-80% AMI.

In October 2021, Ascent and Housing Impact Fund acquired a 60-unit apartment community located in the Cotswold neighborhood. The property, built in 1973, offers some of the lowest rents in South Charlotte. The partnership is currently orchestrating a transformative renovation of the property, all while maintaining rents to be affordable to households earning between 30-80% AMI for the next two decades.

In December 2020, Ascent and Housing Impact Fund acquired a 144-unit apartment community immediately adjacent to LYNX Archdale Station in the Montclaire South neighborhood. The property lies within walking distance to multiple transit options, a grocery store and other services. The partnership placed a long-term deed restriction on the property which will maintain affordability for families earning between 30-80% AMI. In addition, the acquisition featured a first-of-its-kind rental subsidy program to serve 30% AMI residents for the next 20 years. The program will be administrated by SocialServe and is supported by Mecklenburg County and the City of Charlotte.

In August 2020, Ascent partnered with Roof Above to acquire and preserve a 341-unit NOAH in the Windsor Park neighborhood. The partnership placed a long-term deed restriction on the property which will preserve existing affordability and create a new integrated supportive housing program serving 75 individuals who’ve experienced substantial challenges with housing insecurity. The partnership leveraged $50mm in private, philanthropic and public capital to execute the project.

In April 2019, Ascent and Laurel Street Residential acquired a 98-unit apartment community in the Oakhurst neighborhood. The partnership has renovated and implemented a long-term deed restriction on the property to maintain affordability for existing and future residents. The project is one of the first of its kind in the Charlotte market, using private equity to finance the acquisition and preservation of naturally-occurring affordable housing.