Key results from this period include:

• Debt platform continued to deliver strong results with a historical net IRR of 14%² and a current yield of 13%² on its two most recent funds 

• $850 million across ten investments launched, including two funds:

  • Financial Fund VI, a $600 million fund focused on originating and acquiring real estate-backed credit

  • Self-Storage Development Fund III, which aims to raise $150 million in equity to support ground-up development of Class-A self-storage projects in high-demand, supply-constrained markets

• Sold the remaining two assets in Housing Fund I, resolving the fund and delivering a 28.8% IRR to investors.

“With a consistent focus on mid-market lending and direct origination, we are able to avoid overly competitive processes and improve pricing power,” said Todd Terwilliger, President for Ardent. “Our expertise in navigating complex credit opportunities without relying on subordinate debt structures to continue delivering impressive investor returns.”

Over the past year, Ardent has also made significant progress across its mixed-use and retail development portfolio. Notable milestones include: 

Groundbreaking of Westside Bottling, a mixed-use development in Durham, North Carolina, 

• • Achieved 70% retail preleasing ahead of groundbreaking

• Acquired Seminole Towne Center, a 1.1 million-square-foot regional mall in Sanford, Florida, with plans to redevelop the site into a mixed-use destination

• Acquired Thompson Station, a 100-acre site in Nashville, to be co-developed into a mixed-use destination

• Groundbreaking of Liberty Yards, a Class-A retail development in Largo, Florida

• Acquired Crossroads Shopping Center, a 92,190-square-foot neighborhood retail destination, in Savannah, Georgia

In addition, Ardent has invested in strategic talent and promotions, including naming Scott Werbel and Michael DeGance as partners and hiring Matt Snyder as managing director. 

“This success is the result of our team’s tenacity and tenure,” said Matt Shulman, CEO for Ardent. “We’ve continued to strengthen our relationships with investors while also growing our talent, driving returns that are significantly above peers.”

To learn more about Ardent, visit theardentcompanies.com.