Ascent Apartments, the 650-unit luxury apartment community developed by Ivanhoé Cambridge and its partner Shea Properties in south San Jose, California, received a gold award in the category of “Development up to 4 Stories, For Rent” from the 2016 Best in American Living™ Awards (BALA) by the National Association of Home Builders (NAHB).
This award is the result of an outstanding collective effort,” said Sylvain Fortier, President, Residential, Hotels and Real Estate Investment Funds, Ivanhoé Cambridge. “Our strategic and successful partnership with Shea Properties has made it possible to deliver a community with state-of-the-art amenities that meets today’s tenant expectations and needs.”
Ascent’s apartment homes, ranging in size from 704 square feet (65 m2) for a one-bedroom, one-bath to 1,575 square feet (146 m2) for a three-bedroom, two-bath plus mezzanine unit, feature mid-century modern influenced architecture with open-style floor plans and luxury finishes throughout.
Now in its 33rd year, BALA recognizes outstanding achievement by builders and design professionals in all sectors of the residential housing industry including single-family production, custom, rental, affordable, interiors, remodeling, community and international, based on the principle that good design is not, and should not be, limited to high-priced and/or custom homes. Award winners were announced during the annual NAHB International Builders’ Show in Orlando, Florida.
Ivanhoé Cambridge, a global real estate industry leader, invests in high-quality properties and companies in select cities around the world. It does so prudently with a long-term view to optimize risk-adjusted returns. Founded in Quebec in 1953, Ivanhoé Cambridge has built a vertically integrated business across Canada. Internationally, the Company invests alongside key partners that are leaders in their respective markets.
Through subsidiaries and partnerships, Ivanhoé Cambridge holds interests in close to 500 properties, consisting primarily in office, retail, residential and logistics real estate. Ivanhoé Cambridge held more than Cdn$55 billion in assets as at June 30, 2016. The Company is a real estate subsidiary of the Caisse de dépôt et placement du Québec (cdpq.com), one of Canada's leading institutional fund managers.