Melrose Ascension Capital (MAC)

Urbanize Chicago: Q Investment Partners (QIP) and Melrose Ascension Capital (MAC) have announced the beginning of leasing at Straits Row, a new 18-story rental tower combining traditional apartments with co-living units in the South Loop. Located at 633 S. LaSalle within the South Loop’s Printers Row neighborhood, the 132-unit hybrid building will offer 358 private, fully furnished residential spaces ranging from studios to four-bedroom floor plans. Residents can also enjoy 15,000 square feet of expansive amenity space including a lobby-level “Printers Room” coworking space that features three private study rooms, a printer center, coffee station with cold brew on tap, lounge seating and adjacent outdoor patio.? ? “The vision of Straits Row was to create a vibrant community that meets the needs of Chicago’s diverse workforce and student populations by offering modern, furnished and amenity-rich apartments in a prime downtown location with historical character, offering high quality with exceptional value for Chicagoans who are often priced out of other luxury developments,” - Nick Melrose, founder and chief executive officer of Melrose Ascension Capital. #QIP #US #multifamily #alternativeinvestments #privateequity #realestate

Great to see our local US partner and co-developer, Melrose Ascension Capital (MAC) CEO & Founder, Nick Melrose recognised by Business Insider as one of their Top 20 Under 35 Rising Stars in Real Estate. Congratulations Nick! Straits Row, our flagship US real estate development in collaboration with MAC, is nearing completion. We look forward to launching it together in the new year! #QIP #realestate #privateequity #livingsector #alternativeinvestments

The Clark team recently achieved their partial certificate of occupancy for floors 1-10 at 633 South LaSalle, three weeks ahead of schedule. ?? The 18-story, 358-bedroom residential tower features two amenity floors, including an outdoor pool and grills, a fitness room, and resident lounges. We're excited to continue working alongside Melrose Ascension Capital (MAC) and QIP (Q Investment Partners) to bring this asset to life! #ClarkBuildsCHI

Honored to have been selected for Business Insider’s national Top 20 Under 35 Rising Stars in Real Estate. Ignore/enjoy my circa ‘19 antique corporate headshot. Institutional real estate development is the ultimate multi-year team game and this recognition has as much to do with my co-developers, investors, lenders, brokers, attorneys, general contractors, subcontractors, architects, engineers, family/friends, etc. (including, but certainly not limited to: DAC Developments, Q Investment Partners, Louis Reynolds / Reynolds Asset Management, Focus , Glacier Global Partners, BH3 Management, Petros PACE Finance, Johnson Controls, Gatehouse Capital Partners, Geneva Capital Group, PeakMade Real Estate, Clark Construction Group, Antunovich Associates, Fitzgerald + Associates Ltd, Pappageorge Haymes Partners, Ice Miller LLP, Acosta Ezgur, LLC, David Crowell, Taylor Johnson Public Relations). Despite the challenging macro environment, 2023 and 2024 were momentous years for Melrose Ascension Capital (MAC) but it’s only the beginning and there is plenty of execution that remains. Looking forward to 2025, MAC will be delivering $100MM of Class A multifamily projects, breaking ground on $250MM of new Class A multifamily projects, and establishing/scaling its institutional co-GP fund that provides sponsors with programmatic credit enhancements/loan guarantees, equity co-investments, and executional expertise for multifamily, retail, and industrial core+, value-add, and development deals nationwide. To my fellow next gen’s from humble beginnings with a dream and fire in their belly: I’m nothing more than a small town Iowa boy and first generation university graduate who dedicated himself to self actualizing and built a real estate development and private equity company at 30 without sacrificing integrity, relationships, or health. Life is neither fair nor a level playing field but despite this reality and mainstream sentiment, the economic circumstances you come from do not dictate what you’re ultimately capable of achieving. Take calculated risks with disproportionate upside while youth is on your side, roll with the punches as they inevitably come, and don't forget to enjoy the iterative journey along the way.

Join us in congratulating Nick Melrose, our Founder & CEO, for being selected as one of Business Insider’s national Top 20 Under 35 Rising Stars in Real Estate.

Melrose Ascension Capital and QIP land financing for 633 S. LaSalle Melrose Ascension Capital (MAC) | Q Investment Partners | FitzGerald | Clark Construction Group | Glacier Global Partners | BH3 Management | Petros PACE Finance | Bank Julius Baer

REjournals: Q Investment Partners (QIP) and Melrose Ascension Capital (MAC) have successfully closed construction debt for 633 S LaSalle, a Class A US multi-family project in downtown Chicago. Thanks to the support of lending partners Glacier Global Partners, BH3 Management, & Petros PACE Finance, this collaboration marks a pivotal moment. QIP & MAC had joined forces to transform this legacy scheme acquired from PMG and The Collective. The 17-story residential building, co-developed by them, features FitzGerald design, with QIPDG leading as development managers. With construction already underway and progress rolling in 2024, expect 358 beds, rooftop amenities, an outdoor pool, terrace, and ground floor co-working space. https://lnkd.in/gU-rDVyp #QIP #MAC #QIPDG #Chicago #multifamily #realestate #construction #financing #privateequity

The Clark team recently celebrated the topping out of 633 South LaSalle, an 18-story residential tower in the South Loop of Chicago, with the 150+ trade partners that helped reach this milestone. The team successfully poured 6,400 cubic yards of concrete and will now continue installing the window wall and begin unit buildout. The building is designed to have 358 beds, including apartments and co-living spaces, along with two amenity floors, an outdoor pool and grill area, a fitness room, and resident lounges. #ClarkBuildsChi Nick Melrose, Melrose Ascension Capital (MAC), James Coppack, PMP MCIOB, Q Investment Partners

LOAN Learn More: https://lnkd.in/eHKqqSHp IMAGE: Nick Melrose, Peter Young & James Coppack, PMP MCIOB DATE: 02/09/2024 ADDRESS: 633 South Lasalle Street MARKET: Chicago, IL ASSET TYPE: Multifamily ~ SF: 175,000 LENDER: Glacier Global Partners, BH3 Management & Petros Finance LANDLORD: Peter Young & James Coppack - Q Investment Partners; Nick Melrose - Melrose Ascension Capital (MAC) LOAN AMOUNT: $63,705,000 LOAN TYPE: Construction Loan #Chicago #RealEstate #TradedChicago #TradedPartner #Multifamily #QInvestmentPartners #MelroseAscensionCapital #GlacierGlobalPartners #BH3Management #PetrosFinance #NickMelrose #PeterYoung #JamesCoppack

Thank you YIMBY for the coverage! We are pleased to share that Q Investment Partners has successfully completed the full capitalisation of our flagship project in the South Loop of Chicago. Having joined forces with MAC to reposition & revamp the legacy scheme, previously acquired from PMG and The Collective. The multi-family, residential development will be a mix of studios, convertibles, and 2-, 3-, and 4-bedroom apartments. “We’re excited to announce the full capitalisation and groundbreaking of this project. Despite the current market challenges and construction pricing environment, our dedicated project teams have brought this to fruition, which is a testament to our partnership with QIP, and our entire valued project team, including Clark Construction, FitzGerald Associates, and Common Living. We also have great coactive lending partners in Glacier, BH3, and Petros that were instrumental in bringing this project to fruition. This development caters to the South Loop with affordable, amenity-rich, Class-A housing for young professionals and students near the CBD, universities, and transit.?Leveraging our robust multi-family development pipeline and strategic partnerships, especially with QIP, MAC is well positioned to scale and execute in 2024 and beyond.” - Nick Melrose, Founder & CEO, Melrose Ascension Capital (MAC) #QIP?#MAC?#QIPDG?#Chicago?#multifamily?#realestate?#construction?#financing?#privateequity