Ardent Launches $500 Million Debt Fund
Tuesday, September 13th, 2022
Ardent, a privately held real estate firm focused on opportunistic and diversified investment strategies, is celebrating its ten-year anniversary – a period highlighted by dynamic growth of the firm’s team, its investment strategies, and its investor base. But the industry leader is just getting started. Today, Ardent announces the launch of its $500 million credit Fund V.
Ten Years of Exponential Growth
In the past ten years, Ardent has experienced significant growth both financially and geographically. To date, Ardent has invested more than $4.4B in real estate transactions, with more than $1.6B in assets under management, even after selling roughly half of its portfolio last year which led to sizable returns to its investors. In early 2021, the firm expanded into Europe with the opening of an office in London, which follows further growth in both New York and Charlotte.
“Ardent has a strong track record of outperforming the markets and we believe we can continue this trend,” said Ardent CEO, Matt Shulman. “With our substantial market intelligence and investment experience across all asset classes, we’re truly at the infancy of our business growth and are looking forward to what these next ten years bring, starting with the launch of Fund V.”
More than Numbers
With a handful of impressive new hires in origination and underwriting to support the Fund’s launch, Ardent is now a collection of over fifty talented professionals both in the United States and United Kingdom who share a singular focus to be an industry-leading real estate investment and asset management firm – one that is recognized for the integrity of its people, the ethics of its business practices, and the quality of the service it provides to our investors and business partners.
As the firm continues to build upon its infrastructure, portfolio, and footprint, Ardent is committed to creating a positive impact on its employees, investors, and communities. Ardent provides both time and resources to nonprofits that align with employees’ values including Children’s Healthcare of Atlanta, Mary Hall Freedom House, Pebble Tossers, Operation Hope, and Open Doors Atlanta.
What’s Next
Building off a strong and consistent track record across more than $2B in prior debt originations, Ardent’s newest credit fund - Fund V - will target middle market senior debt ranging from $5MM-$75MM. The debt fund will lend on value-add and opportunistic repositioning, development, and redevelopment of all types of commercial properties in the US. Consistent with prior Ardent credit funds, the seasoned investment team will continue to seek out less efficient segments of the property and capital markets.
“We take an innovative and disciplined approach to investing, with the hopes that we are able to make the world a little better for our investors, our employees, and the community at large,” says Shulman. “We’re humbled by the impact we’ve been able to make for all these important stakeholder groups over the past ten years and are motivated and driven to keep the momentum going in the next decades.”
